by LBWCA | Sep 2, 2016 | Personal Wealth, SMSF
Following from last month’s newsletter article we can confirm that both Houses of the Parliament have passed the budget changes and now we are just waiting on Royal Assent (which is just a mere formality) before the legislation will be enacted from 1 July 2017. The...
by LBWCA | Apr 13, 2016 | Personal Wealth, SMSF
As mentioned in the April 2016 newsletter, the Federal Government proposed to make a number of changes to Superannuation in the 2016/17 Budget. After negotiations with Labor, and taking into account the concerns of a number of backbench party members, the Government...
by LBWCA | Feb 20, 2016 | Personal Wealth, SMSF
This is a reminder for everyone to check prior to 30 June 2016: Concessional Contribution – Check that you haven’t breached the $30,000 employer contributions limit (or $35,000 if you are over 50 years) if you have been salary sacrificing into super. If you do...
by LBWCA | Dec 8, 2015 | Personal Wealth, SMSF
For the past 6 years the ATO have been delivering a statistical snapshot of the vast amount of data they collate each year from Self-Managed Superannuation Funds (SMSFs). The most recent of which was based on 2013-14 financial year data and was released in late...
by LBWCA | Nov 2, 2015 | Personal Wealth, SMSF
Do you still own collectibles or personal use assets in your Self Managed Superannuation Fund? If so, that’s OK, but make sure you understand the new rules and ensure that they are adhered to by 30th June 2016. The assets in this class include items such as artwork,...
by LBWCA | Oct 10, 2015 | Personal Wealth, SMSF
The ATO has announced it will be extending the compliance deadline for small businesses with less than 20 employees to adopt SuperStream until Friday 28 October. The ATO will be working with those still struggling to adopt the payment standard to ensure they are ready...
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