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Recent Activity

Mike McHenry
In order to support the introduction of the $1.6 transfer balance cap (TBC) from 1 July 2017, the ATO has announced new reporting obligations for SMSFs. From 1 July 2018, any SMSF that has a member’s balance with $1 million or more will be required to report events impacting a member’s transfer balance account (TBA) within 28 days after the end of… (Show more)
Mike McHenry
A question we come across from time to time, the answer to which depends on the specific details in the pension documents. A pension will cease upon the death of a member, however this does not necessarily mean that pension minimums will not need to be met. WHERE A PENSIONER DIES, IS THERE A NEED TO MAKE A MINIMUM PENSION PAYMENT TO THE… (Show more)
Mike McHenry
With the super reforms and transfer balance caps now in place, consideration for SMSF’s and the planning and structure of members accounts is now at its utmost importance. In our blog CGT Relief, the ability to utilise CGT relief can alter the structure of a fund and where an actuarial certificate is required to calculate the exempt current… (Show more)
Mike McHenry
The transition to retirement income stream (TRIS) measure is a SMSF mechanism that allows members to have access to their superannuation benefits prior to retirement once they reach their preservation age. Prior to 30 June 2017, the benefits of a TRIS were two-fold: Members could access benefits within a restricted minimum and maximum percentage… (Show more)
Mike McHenry
With all the changes in the SMSF space, it is now more important than ever to ensure your firm is informed regarding CGT relief and the transfer balance cap. All the new super reforms now mean SMSF members and trustees are more reliant on SMSF professionals advice and guidance. The new reforms are applicable to SMSF’s with one or more pensions,… (Show more)