The changes to superannuation announced in the 2016 Federal Budget have been passed by Parliament. Amongst the changes was a raft of legislation which may have been overlooked given a few of the substantial changes taking the headlines but these measures are just as important in your planning for 1 July 2017. The main issuesRead More
Your superannuation trust deed along with the superannuation laws form the governing rules that self managed super funds (SMSFs) needs to operate by. The introduction of the $1.6 million transfer balance cap (TBC) and new transition to retirement income stream (TRIS) rules are a ‘game changer’ for SMSFs when discussing benefit payments and estate planning.Read More
Failing to engage the right advice ‘Team’. The two biggest issues we are seeing in this regard are: Accepting specialised advice about Superannuation (your retirement nest egg) from a Property Spruiker or ‘garden variety’ Mortgage Broker. Regardless of whether they then put you in touch with their ‘tame’ Financial Planner you need to be smartRead More
