Monthly Archives: February 2017

NEWS – New Caps (max amounts) for Contributions before (Concessional) and after tax (Non-Concessional) from 1 July 2017

The ATO (Australian Tax Office) confirms the new max contribution amounts for the 2 major contributions methods – before (Concessional) and after tax (Non-Concessional) that begin form 1 July 2017. From the ATO site – Change to concessional (pre-tax) contributions … Continue reading

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Masterclass SMSF – What Happens when an SMSF member dies who is an ex-spouse with a Binding Death Nomination?

An associate had a situation with a client as follows – A is married to B. During the marriage A does a BDN in super to B. We will assume the BDN is valid. After the BDN, A and B … Continue reading

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MASTERCLASS Investment – What is a Profit & Loss or Income Statement?

The Profit & Loss (or income Statement) is one of three reports or statements that a company or business produces which shows how the business has performed. The other two reports are Balance Sheet (Financial Position) and Cash Flow Statement. … Continue reading

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SMSF Basics – What is the minimum amount for a self-managed super fund?

There are many views on what is the minimum amount for a self-managed super fund to have to make it worth the effort. It will cost money, like the fees already paid in commercial retail and industry super funds! They … Continue reading

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