2016 Federal Budget Superannuation reforms – the next steps

Current of October 2016   Last month the government had its first sitting of Parliament since the election and though they released some draft legislation for comment, we expect more changes in the forthcoming months of this superannuation reform journey. Latest proposals The annual limit of Non-Concessional Contributions (‘NCCs’) will be reduced to $100,000 from the current cap of $180,000 … Read More

Budget measures for small businesses

Current as of May 2016   The Federal Budget was handed down on 3 May. A few days later, the Prime Minister confirmed that we would be heading to a 2 July election, leaving us with a caretaker government until then. In short, this leaves a high degree of uncertainty surrounding the implementation of measures announced in the Budget. With … Read More

What does the budget mean for superannuation?

Current as of May 2016   It has been a fortnight since the 2016 Federal Budget was delivered by the Turnbull government and unlike previous years, there were many proposed changes to superannuation. With such significant superannuation reforms in an election year, there is a lot of water to go under the bridge until they actually become law, however this … Read More

Consider your Supperannuation before the 03 May Budget and 30 June 2016

Current as of April 2016   The 2016 Federal Budget is less than one month away, with several potential policy changes including the possible end to Transition to Retirement Pension arrangements and reductions to the concessional and non-concessional contribution caps. Now is the time to review your SMSF and see what opportunities can be implemented. We’ve pulled together the following … Read More