transfer balance cap

Superannuation

Government to amend TBC to prevent adverse merger impacts

The government has announced it is taking steps to amend the transfer balance cap to prevent super fund members from being adversely impacted when funds merge....

Expert Analysis

Top tips for navigating TBC and TSB complexities

With the sweeping superannuation reforms on 1 July 2017, there has been a slew of new terminology and thresholds to contend with, and this has understandably led to some ...

Financial planning

Super changes kick in for FY2023–24

As the new financial year kicks off, financial advisers will need to ensure their clients – especially those approaching retirement – are in the right place for their sup...

Superannuation

TBCs and TSBs need attention to reduce super complexity

The transfer balance cap indexation, the total super balance thresholds, and access to information for advisers need to be addressed to simplify the retirement income sys...

Financial planning

Limited licensing has failed claims SMSF Association

The SMSF Association wants the Government to dump its limited licensing regime for accountants on the basis of it having failed to meet its objectives and having, instead...

Superannuation

Govt signals death benefit changes

Assistant treasurer Stuart Robert has announced a plan to ensure that death benefits that include insurance proceeds are not subject to tax when rolled over to a new supe...

SMSF

Reporting date looming for SMSFs

The clock is ticking for self-managed superannuation funds on a quarterly transfer balance cap schedule, with their first lodgement due in three weeks....

Superannuation

ATO to issue excess transfer balance cap notices

The Australian Taxation Office will start issuing excess transfer balance cap determinations to taxpayers with over $1.6 million in their super in the pension phase....