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As we enter the final week of the financial year, here are some things to consider when it comes to your superannuation.
Property has always been a favourite investment class for Australians over the years. However, the ability to use your biggest and most important asset for retirement to get exposure to direct property can be quite limited in the industry and retail fund landscape, which many Australians have.
The controversial Treasury Laws Amendment (Better Targeted Superannuation Concessions) Bill 2023 was released on October 3 for consultation to enact changes to superannuation tax concessions.
A new financial year brings superannuation changes, and with it comes opportunities to strategise how you can increase your retirement wealth. We summarised the superannuation changes that you should be aware of from 1 July 2023.
As we approach the Federal Budget on 9 May, we share our insights on the implications of the Government’s recently announced Better Targeted Superannuation Concessions.
As a Trustee (the person who manages the fund) you have many obligations you must adhere to once your self-managed super fund (SMSF) is setup.
At Grant Thornton, we offer a National Superannuation team to support you and your family with the accumulation phase right through to retirement.
To ensure your assets will be protected should you become unable to make financial decisions due to an accident or bad health, we recommend your Estate Plan includes an Enduring Power of Attorney.
The ATO has recently announced that they have now re-commenced issuing requests to release excess contributions and other charges for superannuation fund members who did not make an election on how they would like to treat their excess non-concessional contributions for prior financial years.
If you are in a qualified profession or trade, it is important that you are aware of the ATO’s recent self-managed super fund around non-arm’s-length expenses.
Recently passed by Parliament is the Treasury Laws Amendment (More Flexible Superannuation) Bill 2020.
As the end of the 2021 financial year approaches, we outline new and existing measures for consideration around Superannuation Tax Planning.