Partners Express: Coalition dumps $500,000 lifetime superannuation cap

The federal government has made some big changes to their superannuation package, including dumping the $500,000 Super cap.

USEFUL LINK

http://treasury.gov.au/SuperReforms

SMSF Administrator-SMSF Admin-Self Managed Super Fund Admin-SMSF Specialist-how to setup an SMSF-PARTNERS Wrap Up

August 2016 Partners Wrap up

Chloe Ward chats about the budget, non-concessional contribution caps and wraps up the month as we all prepare for the election that is just around the corner.

pension cap superfund partners

Proposed $1.6m pension cap not all bad news

Effective from July 1, 2017, the government intends to place a $1.6 million cap on the amount of superannuation that you can retain in, or transfer to, a super pension account. The government released an exposure draft of the proposed legislation for this measure on 27 September 2016. Final legislation is expected to be passed before the end of 2016.

class data feeds superfund partners

Data feeds: making life easier

Do you want to make your life easier, your superfund compliance easier and of course help make the administration of your superfund easier?

We go on and on about data feeds and the important role they play in your superfund’s administration and we are now finally starting to see this also flow across to the audit of superfunds.

financial literacy financial jargon superstash

Solution to Improving Adult Financial Literacy

I was interested but not necessarily surprised to read two articles this week relating to financial fortunes of the general Australian population. The first article talked about financial literacy, where a study by Zurich and Oxford University found that Australia ranked near the bottom of the tables. In the second article,

bank statement requests accountant

Auditors, those bank statements and the administrators…

We all understand that sometimes it’s, well, annoying to be asked for a document you didn’t think you would have to provide. Numero uno… the bank statement request when we already had you sign the data feed authorisation to allow Superfund Partners to download the bank transactions.

 

Attachment Details SMSF-Administrator-SMSF-Admin-Self-Managed-Super-Fund-Admin-SMSF-Specialist-how-to-setup-an-SMSF-Admin-of-the-year.jpg July 12, 2016 102 kB 950 × 450 Edit Image

Congratulations to the Superfund Wholesale team! SMSF Administration Provider of the Year

We would like to congratulate our fellow work colleagues Superfund Wholesale on their latest recognition – SMSF Administration Provider of the Year by SMSF Adviser.

The SMSF Awards recognise excellence and innovation, and receiving the coveted award is a milestone for any business, demonstrating its level of commitment to the superannuation industry.

SMSF Administrator-SMSF Admin-Self Managed Super Fund Admin-SMSF Specialist-how to setup an SMSF-renting a commercial porperty.jpg

Renting a commercial property owned by your SMSF?

One of the key concepts with having an SMSF, is that as trustee you must preserve the assets of the SMSF for your retirement.  With that in mind, the ATO is exceptionally clear that as trustee you must not treat the assets or income of the SMSF as your own – it’s not,

2016 Partners Wrap Up

June 2016 Partners Wrap up

Chloe Ward chats about the budget, non-concessional contribution caps and wraps up the month as we all prepare for the election that is just around the corner.