Hot Topic, SMSF

Federal Budget 2016 – Proposed Changes to Superannuation

Basic RGBOne of the ways of being financially independent in retirement is through a long term savings plan into superannuation. Several changes to superannuation were announced by the Treasurer on Budget night and in this article we focus on the capping of pension account balances, the reduction in concessional contribution caps, restrictions in accessing transition to retirement income streams (TRIS), catch-up concessional contributions and the lifetime cap for non-concessional contributions. Continue reading


How to Choose a Co-Trustee for Your SMSF


With the seemingly endless regulations surrounding the operation of a SMSF, choosing a co-trustee is another important aspect for consideration when setting up a fund or when the need arises to change a trustee, as a result of divorce, incapacity or death. A co-trustee is not simply a person you engage to “please sign here”, but someone who also has legal and regulatory obligations that must be met. Continue reading