Following the recent election win by the Federal Labor Government, we’d like to update you on a proposed change to superannuation legislation that may affect larger self-managed super fund’s (SMSF’s) very soon. The Federal Government is likely to implement legislation introducing a new tax, which proposes an additional 15% tax on superannuation growth where an…
Our commentary on the proposed new 15% Superannuation Tax (Better Targeted Superannuation Concessions) from 1 July 2025 Read more below Proposed New Super Rules 2025 update March 2023
On the 11th May 2021, Josh Frydenberg handed down his third Federal Budget. There were no real surprises due to the government releasing details throughout the week prior to budget night. This is a budget designed to support Australia’s economic recovery which is in a rebuilding phase due to the significant increase in government debt…
2019 FEDERAL BUDGET TAX ANALYSIS- 2 April 2019 A COALITION ELECTION PITCH The handing down of the Federal Budget was historically an opportunity for the Government of the day to announce its legislative program for Revenue measures for the next twelve months. The bringing forward of the 2019/20 Federal Budget prior to the forthcoming Federal Election…
The Australian Labor Party (ALP) have outlined a number of changes they propose to make if elected in the May 2019 Federal Election. The tax landscape could drastically change as of the 1st of July 2019 if Labor goes ahead with planned changes that include the denial of Franking Credits Refunds within tax structures including…
The Federal Treasurer handed down the 2018/2019 Budget on the 8th May 2018, clearly with an eye on the next Federal Election, due to be held within the next 12 months. Whilst the announcements clearly give an indication of the Government’s fiscal intentions, it still needs to deal with a hostile Senate and the public…
May 2017 The Federal Treasurer, Scott Morrison handed down his second Federal Budget tonight. The Government has predicted the economy to grow at 2.75% in the 2017/2018 year, with it committing significant funding to transport infrastructure spending. As the Stock Market anticipated today, the most significant revenue measure was the introduction of a major bank…
Mark to Market Rules will enable certain Superannuation Fund’s (SMSFs) under certain conditions to uplift their cost base of assets to mark value (parcel by parcel allocation permitted). Special conditions include: For all ABP’s, at least one pension member has more than $1.6m in pension mode at 30 June 2017 (unsegregated) For SMSFs with all…
The Federal Government have recently released the third tranche of proposed Superannuation Legislation changes as first announced in the 2016 Budget.The Government has reduced the amount of after tax contributions individuals can make to Superannuation from 1 July 2017. These changes will impact most Australians and their retirement contribution strategies will need to be reviewed…
Following the recent election win by the Federal Labor Government,
