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Showing 11 - 20 of 66 results for "transfer balance cap"

SMSF advisers navigate new regulation: Survey

CHLOE WALKER  |  FRIDAY, 16 JUN 2023
New policy proposals, including indexation of the transfer balance cap and the $3 million cap present a variety of engagement opportunities for SMSF advisers, according to Investment Trends' latest report. The 18th annual edition of the 2023 SMSF Adviser ...

Superannuation market defies capital market chaos

ANDREW MCKEAN  |  MONDAY, 24 APR 2023
... has risen from 15.8% in 2018 but remains lower than the 20.8% peak in 2017, before the introduction of the Transfer Balance Cap (TBC). The TBC limited tax-free retirement savings to $1.6 million. Rainmaker suggested that without the TBC, total superannuation ...

Super reform "takes away the right to be tax exempt"

ANDREW MCKEAN  |  TUESDAY, 28 MAR 2023
... for the regulatory requirement for pension drawdowns. The application of the credit and debit system for Transfer Balance Cap recognises that pension payments are a function of the pension account and do not include these payments to determine a person's ...

Investment bonds offer refuge amid super changes

ANDREW MCKEAN  |  WEDNESDAY, 8 MAR 2023
... the years, with the previous Coalition government implementing several changes, including the $1.6 million transfer balance cap and the introduction of concessional, and non-concessional caps, among other reforms. Now the government's large deficit has ...

SMSF sector hit the reset button: Research

CHLOE WALKER  |  TUESDAY, 28 FEB 2023
The introduction of the Transfer Balance Cap (TBC) in 2017 saw contributions into SMSFs plummet by 60%. While it didn't take them long to bounce back, how they're used has changed. According to insights from Rainmaker Information, the self-managed super ...

SMSF growth slows, allocations shift

CHLOE WALKER  |  WEDNESDAY, 9 NOV 2022
... Australia's premier superannuation segment, with growth slowing significantly since the introduction of the transfer balance cap. As at March end, SMSFs held $894 billion on behalf of 1.1 million members through 605,470 funds, Rainmaker Information ...

SMSFA calls for budget amendments

CASSANDRA BALDINI  |  WEDNESDAY, 7 SEP 2022
The SMSF Association is urging Canberra to address legacy pensions and extend the temporary absence rule for non-residents in its first budget. In the Associations submissions, chief executive John Maroney highlighted several key measures that remain ...

Advisers query super changes

ANNABELLE DICKSON  |  TUESDAY, 19 OCT 2021
... property owned by their SMSF," Howard said. Advisers asked the technical team how to calculate a client's transfer balance cap following the indexation. Some advisers were concerned that a client who is rolling over between funds might accidentally push ...

Retirees freed from legacy products

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
... in retirement," budget papers read. Individuals starting a new retirement product will be limited by the transfer balance cap rules and existing transfer balance cap valuation methods for the legacy product will apply. "The ability to move out of legacy ...

OPINION: Super for housing was the wrong policy fight

ALEX DUNNIN  |  TUESDAY, 11 MAY 2021
... funds. Even personal contributions into SMSFs have collapsed, with thanks of course to the introduction of the Transfer Balance Cap. Okay, policymakers might have expected it to have an impact, but I wager none expected it to crush contributions in SMSFs ...