Latest news and advice tips | |
TechConnect Update
Stuart Sheary runs through some technical hot topics and tips, including:
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Developments on the proposed $3m super balance tax
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Possible increases on super death benefits tax, and
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Impact of increases in Centrelink payment rates and thresholds.
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Note: Problems viewing our Update? Right click on ‘Play now’, copy the hyperlink and paste the link into another browser. | |
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Tips for avoiding excess contributions in 2023/24
Jenneke Mills outlines some tips and traps to help avoid breaching contribution caps in 2023/24 and beyond. | |
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Don't miss out on carry-forward CC opportunities
Stuart Sheary outlines why clients may want to make carry-forward concessional super contributions in 2023/24. | | | | |
Minimum pension requirements and advice implications
William Truong outlines the key requirements and advice implications to be aware of, now that minimum pension payments have returned to normal (pre-COVID) levels. | | |
Contributions advice – be cautious if relying on myGov
With the new financial year well underway, it’s important to understand that data you require when providing contributions advice may not be up to date on myGov. | | | | |
Intergenerational Report – financial planning aspects
The 2023 Intergenerational Report covers important advice areas, such as retirement incomes, taxation of super, home ownership and aged care. | |
Review related party LRBAs for 2023/24
Related party limited recourse borrowing arrangements (LRBAs) should be reviewed given significant increases in the ATO’s safe harbour interest rates from 1 July 2023. | | | | |
Proposals to improve aged care sustainability
The Aged and Community Care Providers Association outlines ways to increase the sustainability of aged care services. | |
Social security payment
changes have passed
Legislation has passed giving effect to a range of social security measures announced in the 2023/24 Federal Budget. | | | | |
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Homing in on downsizer contributions
Did you miss Josh Rundmann and Scott Quinn's adviser webinar on downsizer super contribution tips and traps?
View recording
Access webinar slides | |
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Accessing NCC information on myGov
This client flyer provides step-by-step instructions on how to find out non-concessional contribution (NCC) cap space and bring-forward eligibility on myGov.
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Downsizer contribution: Sale of investment property that was a former home
My clients (both currently over age 55) purchased a property 12 years ago and lived in it for nine years. They then rented the property for three years and have just sold it. For capital gains tax purposes my clients are deemed to have acquired their property when they first rented it three years ago. Can they make a downsizer contribution? | | |
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This communication is prepared by Actuate Alliance Services Pty (ABN 40 083 233 925, AFSL 240959), a related entity of MLC Wealth Limited (ABN 97 071 514 264). This is for financial adviser use only – it is not to be distributed to clients. The communication has been prepared to provide financial advisers with technical resources, support and knowledge. The information in this document is current as at the date of publication and reflects our understanding of existing legislation, proposed legislation, rulings etc as at the date of issue, and may subject to change. In some cases, the information has been provided to us by third parties. Whilst care has been taken in preparing this document, no liability is accepted for any errors or omissions in this document, and loss or liability arising from any reliance on this document. Any general tax information provided in this publication is intended as a guide only and is based on our general understanding of taxation laws. It is not intended to be a substitute for specialised taxation advice or an assessment of your liabilities, obligations or claim entitlements that arise, or could arise, under taxation law, and we therefore recommend your client consult with a registered tax agent.
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