Superannuation Transfer Balance Cap

Superannuation Transfer Balance Cap

Transfer balance cap for pension phase accounts Starting 1 July 2017, there is a limit on how much of your super you can transfer from your accumulation super account to a tax-free “retirement phase” account to receive an account-based pension income. This is known as...
Will Salary Sacrifice Help You?

Will Salary Sacrifice Help You?

What is salary sacrifice? Salary sacrifice (or salary packaging) is where you agree to take part of your wage as a benefit of some kind, equal in value to the salary it is exchanged for. Salary sacrifice can be an excellent way to get a part of your remuneration in a...
Super Changes Abandoned

Super Changes Abandoned

Proposed changes that has been scrapped The new Parliament released the first batch of proposed changes to superannuation, and among these was the announcement that the proposed $500,000 lifetime non-concessional cap is to be scrapped. These measures were previously...
SuperStream – Time Is Running Out!

SuperStream – Time Is Running Out!

Are you SuperStream ready? With only two quarters to go until SuperStream becomes mandatory, if you are an employer, then I urge you to prioritise crossing SuperStream off your actionable items list well before the 30 June 2016 deadline. Does SuperStream apply to me?...