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Month: August 2016

Our approach to auditing Self Managed Superannuation Funds

30/08/2016
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| Categories: Superannuation

Philosophical approach to assisting your firm: The Superannuation Industry is highly regulated. Our sole focus is to ensure compliance within the current regulatory framework for Superannuation Funds. It is imperative that the obligations imposed on Trustees of Self Managed Superannuation Funds are fulfilled to ensure that the maintenance of the Fund’s concessional tax status are…

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How will the proposed Superannuation changes from the 2016 Budget affect you?

15/08/2016
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| Categories: Superannuation

The Federal government delivered an unexpected proposal during the May budget when they proposed a lifetime cap of $500,000 (indexed to AWOTE in $50,000 increments) on non-concessional contributions, which will be backdated to 1 July 2007.Some background on the issue: Before 9th of May 2006 an individual could contribute an unlimited amount of non-concessional (un-deducted…

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