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News
Budget 2021 - Super Changes
24/05/2021
The 2021 Budget can be summarised in one line - as a great budget for superannuation. The Budget sets out major beneficial changes for superannuation covering both contributions, legacy superannuation products, first home super saver scheme and residency issues for SMSFs.Warning! Pension asset CGT exemption from NALI ends 30 June 2021
18/05/2021
From 1 July 2021, if a non-arm's-length capital gain is made by a segregated current pension asset on or after 1 July 2021, it will be treated as non-arm's length income ("NALI"), meaning that it will be taxed at the highest marginal rate of 45% under section 295-550 of the Income Tax Assessment Act 1997 ("ITAA97").SMSFs and binding death benefit nominations - where is your limit?
27/04/2021
The superannuation environment may offer great tax efficiency in passing a member's death benefits to their dependents, however there is a rider - the member will not have full control over how the benefits will be used by the beneficiary.Controlling commutation of a child pension
27/04/2021
In this article we discuss whether it is possible to control the commutation of a child pension, without jeopardising the compliance and validity of said pension.