The government has released draft legislation for the proposed new tax. At least it has a name now - "Division 296 tax". Read more

In 2021, some important changes were made to the rules governing how self-managed superannuation funds (SMSFs) paying retirement phase pensions calculate the amount of their investment income that is exempt from taxation - known as their exempt current ... Read more

When an SMSF member with insurance dies before 65 there is potentially a special tax deduction available known as a 'future service' deduction. But it is surprising how often an SMSF cannot claim it. Read more

One of the final pieces of the 2021/22 planning jigsaw has dropped into place. The release of the November 2020 Average Weekly Earnings data means we now know for sure that the concessional contributions cap will increase from $25,000 to $27,500 from ... Read more

Almost all pension members will occasionally draw more than the minimum pension amount in a given year. If so, it is critical to think carefully about how those extra payments should be treated and documented before taking the payment. Pension members ... Read more

A question that has already come up in our practice several times relates to clients who died before 1 July 2017. Read more