Are you ready for the new Superannuation laws to take effect on 1 July 2017?

How do the changes affect me? The most significant change is the imposition of a transfer balance cap (TBC), which will impose a $1.6 million limit on the total amount that can be transferred into the tax-free retirement phase account. Whilst at present, all earnings on retirement phase accounts are tax-free, from 1 July 2017, […]

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Death tax? How the superannuation changes may lead to your dependants paying more tax

If you intend to leave your superannuation to a dependant (e.g. your spouse, child or children) by way of pension as opposed to a lump sum, then it is critical that you have your estate plan reviewed in light of the government’s superannuation changes commencing on 1 July 2017. What are the relevant changes? From […]

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