The government has announced changes to three key 2016 Federal Budget proposals—the most significant being that it would not go forward with its proposal to introduce a $500,000 lifetime cap on non-concessional (after-tax) super contributions.
For the first time in my life, I watched the budget reply speech in May. The problem is, both Government and Opposition budget proposals are now purely election promises. With the Election called for 2nd July, the Federal Government has moved into Caretaker mode.
Do you have a binding Death Benefit Notification (DBN) for distributing your superannuation benefits when you die? Here's what could happen if you don't.
Are you 55 or over? If you are, stop what you are doing and read this article!
For all those under 55, please forward this to your 55 and over gang and please make sure they read this article!
Don’t just read this article – act on it! It’s one of those rare opportunities in life where it is possible to earn some extra cash – with no catches!
The government's response to the Financial System Inquiry (‘FSI’) was released today. It is good news for SMSF Borrowing!The full text of the government’s response is available at the Treasury website.
Why the Concern?
The final FSI report — released in December 2014 — recommended that the government remove the exception to the general prohibition on direct borrowing for SMSF's. More specifically, it stated that the Government should…..
Australians have a love affair with property with many of us owning an investment property in addition to our primary home of residence. This love affair has continued in recent years with a number of Australians setting up a self managed superannuation fund (SMSF) in order to invest in property.