The Super Reforms represent some of the biggest changes in superannuation in the last decade.  It also represents a massive opportunity for you, your firm and your clients.  In order to maximise this opportunity there are 5 key areas to prepare for and be ready within your firm. Let's briefly look at each area:KNOW​What are ...

Read moreMaking the most of the Super Reforms opportunity

An article by William Fettes, Bryce Figot & Dan Butler appeared in selfmanagedsuper magazine. ​The $1.6m transfer balance cap is one of the most contentious issues that came out of the Super Reforms.  From 1st July 2017 there will be a limit of $1.6m on the total amount a member can transfer into, or have sitting ...

Read moreThe transfer balance cap explained

An article by Tim Miller featured in selfmanagedsuper. The further reductions to contribution caps in the Super Reforms mean that we need to examine alternative ways of building account balances for members of SMSFs.  This article looks at whether limited recourse borrowing will feature more predominantly moving forward. Key takeways from the article:Related party borrowing in accordance ...

Read moreBorrow, contribute or a bit both ways?

Article by Darin Tyson-Chan featured in selfmanagedsuper. The new transfer balance cap of $1.6m will have many impacts from an estate planning perspective.  It is important to understand the limitations around a surviving partner's pension account and what will happen to the balance over the $1.6m from a superannuation death benefit. Key takeaways from the article:Elderly clients ...

Read moreLaws may trigger advice need for new group

An interesting article by Tony Negline in 'selfmanagedsuper' about the 'real' average rate of tax that we pay and what it means for the $1.6m transfer balance cap. Key takeaway points from the article:​You need personal income of more than $1.7m to be paying an AVERAGE of 49% tax on your total income.You need personal income ...

Read moreHow generous is the tax on super?