superannuation advice

Superannuation Proposed Schemes

Why the new superannuation proposals? First Home Super Saver and Contributing the Proceeds of Downsizing to Superannuation. The government has finally put to Parliament its proposed legislation around two of its proposed schemes, the First Home Super Saver and Contributing the Proceeds of Downsizing to Superannuation. This legislation is an attempt to bring into action …

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Why You Need To Know Your Total Superannuation Balance

What is total superannuation balance? Simply stated, your total superannuation balance is the sum of the balances of your superannuation interests. However, this is not necessarily the case. When is your total superannuation balance relevant? The total superannuation balance is relevant in determining your eligibility for: making non-concessional contributions according to the non-concessional contributions cap …

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How ready is your business for SuperStream? Is you SMSF bank account able to receive electronic contribution payments? - image

SuperStream Delay – Will You Be ready?

What is SuperStream? SuperStream is a government reform designed to improve the efficiency of the superannuation system. Under SuperStream, employers must make super contributions on behalf of their employees by submitting information and payments electronically in a consistent and simplified manner. To do this successfully they may need to gather additional information from their employees. …

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