Monthly Archives: June 2012

YE Tip – BEFORE 30 June – Government Co-Contribution

Pay up to $1000 into your Super Fund (an after tax, non-concessional contribution) and if you earn less than $61,920 the government will match the amount on a sliding scale.  Pay BEFORE 30 June 2012 and you get this “Government Co-Contribution”. … Continue reading

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Deferral of the 1 July proposed ban of off-market transfer in SMSFs

  At the recent meeting of the National Tax Liaison Group, Federal Treasury officials confirmed a deferral in the introduction of the proposed ban of off-market transfer in legislation for SMSFs which was to have taken effect from 1st July … Continue reading

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When borrowing, acquirable asset, repair or altering a property in your Self-Managed Super Fund

Aaron Dunn gives a great summary and more common-sense info on the latest ATO self-managed super rules about borrowing, acquirable asset, repair or altering a property in your Self-Managed Super Fund. He says…If the industry was pleased about the draft … Continue reading

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SMSF are competitive and cost-effective – ATO Dec 2011 statistical report

The Australian Taxation Office’s (ATO) latest statistical report on self-managed super funds (SMSFs) prove SMSFs are competitive with other superannuation sectors in terms of fees, according to chief executive of the Self-Managed Super Fund Professionals’ Association (SPAA), Andrea Slattery. The … Continue reading

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Over 50’s should maximize their superannuation savings now – you only have a few weeks left

Baby boomers and over 50’s have a few weeks left to maximise their superannuation savings before tighter rules kick in on July 1. Under changes announced in the recent Federal Budget, the Government has effectively halved the total amount those … Continue reading

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