Private Clients

Super Reforms: The Transfer Balance Cap and Death Benefit Pensions 3rd July 2017

In February 2017, the ATO released Draft Law Companion Guideline LCG 2017/D3. This Draft Guideline deals with the treatment of superannuation death benefit income streams under the $1.6 million pension transfer balance cap from 1 July 2017....

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Know Your SMSF Annual Obligations 3rd July 2017

You have a number of obligations as an SMSF trustee, and harsh penalties may apply if you fail to meet them. Here's a checklist of important areas you'll need to take into account each year...

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TaxTime 2017: Let's Get Ready 3rd July 2017

There are many ways to defer income, maximise deductions and take advantage of other tax planning initiatives to manage your taxable income....

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The best ‘problem’ in the world is to have earned so much income that you must pay tax 1st July 2017

There are many ways to make a dollar, but most people do not realise that not every dollar is equal under our tax system. ...

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Timing is everything. In financial services, there could not be a saying that is more true 1st June 2017

If you are an individual taxpayer and are not having your affairs handled by a Registered Tax Agent as part of his lodgement program with the ATO, your tax return is due in October. ...

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Understand debt myths 1st May 2017

Let’s face it, have you ever felt great about owing something to someone? The answer is no. So the saying rightly goes “Debt: Fun to acquire, painful to retire”....

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ATO Update On Super Reform 20th April 2017

On the 22nd March, the ATO published three guidance notes, each explaining the change, what actions need to be done before 30 June 2017 and after 1 July 2017 and also practical examples how the changes will apply....

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New generation of SMSF investors likely to disrupt the industry 6th April 2017

The CommBank SMSF Report, released today, shows a new generation of SMSF investors is breaking the stereotype of the experienced and financially confident professional or entrepreneur who makes their own investment decisions. The research identifies four types of SMSF investors, each with their own distinct motives and decision-making preferences: Outsourcer, Coach Seeker, Self-Directed Investor and Controller....

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Proposed changes to superannuation reform legislation 5th April 2017

LRBAs to count towards members total superannuation balance and transfer balance cap....

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Kelly+Partners Taxwise Private Client News: April Edition 3rd April 2017

This edition of Kelly+Partners Taxwise Private Client News, we look at: Superannuation reform changes: what you need to knowNew tools to check your superannuation entitlementsDiverting personal services income to Self-Managed Superannuation Funds Government cracking down on superannuation guarantee non-complianceand more....

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