News & Articles

 by Abra Chowdhury According to SIS regulations, if a member starts an account-based pension after 1 July 2007, a minimum amount must be paid each year. Minimum pension drawdown percentages are based on the member’s age. Recently, the...

When it comes to the annual tax return, the latest reporting requirements state that applicable LRBA balances must be reported to the ATO by using the new label within the member section of the annual return (Part F - Label Y). This will...

by Alicia ThomsonSome SMSFs may be experiencing falls in investment values due to the impact of COVID-19 which has impacted pension account balances.  Members with pension accounts might be considering  increasing their...

by Capt. Mark PhillipsThe Downsizer Contribution has been with us since 1 July 2018 and it is now worthwhile reviewing eligibility and the potential strategies that can be implemented with those rules.Eligibility:Members...

by Alex PolorotoffConcessional contributionsThe concessional contribution cap is currently $25,000.  This applies to all concessional contributions, even if they are made to different funds.This is the first year a...