Capital Gains Tax Relief – Action is required

The changes to superannuation announced in the 2016 Federal Budget have been passed by Parliament. Amongst the changes was legislation which provides CGT relief for members who are transferring assets out of retirement phase in 2016/17 to comply with the changes. In essence, the legislation allows you to reset the cost bases of assets in…

Super changes have passed so what now?

  Well, we’re now faced with the most significant changes to super we’ve seen since 2006. We’ve summarised the key changes below. It’s vital you understand them, and if impacted, determine what action you need to take over the next 6 months prior to 1 July 2017.   There is a once in a lifetime…

2016 Federal Budget Superannuation Reforms

  Are you clear on what non‑concessional contributions you can contribute in a year? With the Government abandoning its policy to introduce a $500,000 lifetime cap for non-concessional contributions are you clear on what non-concessional contributions you can make to superannuation now? Non-concessional contributions are contributions that are made to super from after-tax income or…