Tag: SMSF

With a 1 July 2017 start date, there is not much time to adjust your superannuation strategies.  The 2016 Federal Budget superannuation changes have recently been legislated and are the...

It is fairly common knowledge nowadays that superfunds can borrow. What is less known is that there are no restrictions on who superfunds can borrow from. Assuming that the loan is structured in a compliant manner, SMSF members can lend moneys to their SMSF.

The Financial System Inquiry (FSI) which is commonly referred to as the Murray Report was released by Joe Hockey on the 7th of December.  It contained 44 recommendations for the Government to consider.  The Government will undertake a public consultation seeking stakeholder views in order to assist them in shaping their response.  The Government has stated that it expects to complete its review by March 2015.

This month’s wealth pipeline was intended to continue our discussion on mitigating sequencing risk.  However, due to the recent mid-year budget announcement by the Government, our discussion on mitigating sequencing risk will resume next month.  This wealth pipeline focuses on the superannuation aspects of the mid-year budget.

SuperStream is a government reform aimed at improving the efficiency of the superannuation system.  Under SuperStream, employers must make super contributions on behalf of their employees by submitting data and payments electronically in accordance with the ‘SuperStream standard’.  All superannuation funds, including SMSFs, must receive contributions electronically in accordance with this standard.  The purpose of this is to provide a consistent and more efficient process for receiving contributions, improve data quality, and simplify employer obligations.