Self-Managed Superannuation Fund Commercial Property Related Party Lease Agreements A common strategy for SMSFs is to invest in commercial property and have your business lease the premises. To stay compliant the arrangement needs to be on arm’s length terms (this...
Below is a round-up of some superannuation changes and key developments that may be relevant to your SMSF. It is important that you know what changes are coming, so you can effectively understand how they may affect your SMSF. We intend to regularly provide you with...
Tax deductions for topping up super You can make up to $27,500 in concessional contributions each year assuming your super balance has not reached its limit. If the contributions made by your employer or under a salary sacrifice agreement have not reached this $27,500...
Future earnings for superannuation balances above $3m taxed at 30% from 2025-26 The Government has announced that from 2025-26, the 15% concessional tax rate applied to future earnings for superannuation balances above $3 million will increase to 30%. The concessional...
From 1 January 2023, those 55 and over can make a ‘downsizer’ contribution to superannuation. Downsizer contributions are an excellent way to get money into superannuation quickly. And now that the age limit has been reduced to 55 from 60, more people have an...
How much do you need for a comfortable retirement? While it seems like a very simple question, the response is complicated because so many variables can influence the answer— sometimes considerably. Working out how much is enough for your retirement depends on...
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