Welcome to the Christmas edition of our Newsletter.
Retirement and superannuation planning have always been a keen focus of our practice. Our superannuation team headed by Jane Thomson and Bruce Edwards have contributed a number of articles focused on new Tax Office interpretations and planning opportunities.
Our Finance division article contributed by Laurie Plooy, signals some opportunities given recent lowering of rates by the Reserve Bank.
As is customary in our last newsletter of this calendar year, I would like to acknowledge our highly professional staff and my partners for their support and efforts.
To you, our clients, I again wish to register my thanks for your support of our firm. These are challenging economic times for all and we will continue to use our best endeavours to assist you in your enterprises.
May I conclude by wishing you all a safe and very merry Christmas and a happy and prosperous 2012.
The Australian Taxation Office has clarified its views on when a pension starts and stops. We look at how stopping a pension can affect the tax situation of a fund. Read full article >>
November’s interest rate cut was the first movement of interest rates in 12 months but it is always a good idea to get expert advice before responding to new mortgage offers.
What happens to a self-managed superannuation fund when a trustee dies? Succession planning for a superannuation fund is often overlooked. The penalty for being a non-compliant fund is severe: a potential tax of 46.5% of the fund’s assets. Read full article >>
Because of a recent ruling by the Australian Taxation Office, many advisers are advocating that clients set up reversionary pensions in SMSFs. We look at the ramifications of doing this and examine some alternatives. Read full article >>
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