Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 41 - 50 of 58 results for "Transfer Balance Cap"

Advisers searching for LRBA answers

ALEX BURKE  |  WEDNESDAY, 2 AUG 2017
... stage only." The second-most common issue, Howard said, related to the relationship between LRBAs and the transfer balance cap, where self-managed super fund clients "would need to record a credit against their transfer balance account where an LRBA ...

Super tax reforms take effect

KARREN VERGARA  |  FRIDAY, 16 JUN 2017
... settlement or personal injury order will no longer have to pay tax on their superannuation income streams. The new transfer balance cap rules also support repayments made under a Limited Recourse Borrowing Arrangement in certain circumstances. "As part ...

Review life insurance ahead of super reforms: BT

KARREN VERGARA  |  TUESDAY, 6 JUN 2017
... superannuation. Keeping in mind concessional and non-concessional contribution limits are reducing, and a transfer balance cap will be introduced, it'll be harder to maintain retirement savings plans - in conjunction with funding insurance inside super ...

Super reforms hit parliament

EMMA RAPAPORT  |  MONDAY, 29 MAY 2017
... (TTR) pensions will automatically become retirement phase pensions (and therefore be assessed against the transfer balance cap) when the member meets a full condition of release. This rule applies at age 65 or when the member notifies the fund they have ...

BGL releases CGT capability for SMSFs

EMMA RAPAPORT  |  MONDAY, 22 MAY 2017
... effectively." SMSFs can get CGT relief from future capital gains where fund members need to comply with the new transfer balance cap and Transition to Retirement Income Stream (TRIS) reforms commencing on 1 July 2017. CGT relief preserves the previous ...

LRBA loophole for SMSFs removed

EMMA RAPAPORT  |  THURSDAY, 11 MAY 2017
... SMSF members think twice about taking on a LRBA to invest in property, as this may trigger the $1.6 million transfer balance cap in retirement. ATO statistics show that SMSFs currently hold $24.3 billion in LRBAs, with these financial instruments being ...

Downsizing measures present advice opportunities

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2017
... to larger families," Scheerlinck said. "AIST is particularly pleased that this measure is subject to the transfer balance cap of $1.6 million, which is an important equity and sustainability measure in our super system." In contrast, the Actuaries Institute ...

IRESS readies industry for super reforms

EMMA RAPAPORT  |  WEDNESDAY, 19 APR 2017
... superannuation laws, which were announced in the 2016-17 Budget, introduce new tax concessions, a $1.6 million transfer balance cap, the removal of the tax exemptions for transition to retirement pensions and a new system of 'catch-up' concessional contributions ...

CGT top of adviser minds

KARREN VERGARA  |  TUESDAY, 11 APR 2017
... certain super fund members who may be adversely affected in two ways: by complying with the $1.6 million transfer balance cap, or changes to the tax treatment of transition to retirement (TTR) pensions. It's important to keep in mind CGT relief is not ...

Super reforms will drive advice demand

KARREN VERGARA  |  TUESDAY, 4 APR 2017
... for retail super funds when paying a super lump sum as a result of a commutation authority issued under the transfer balance cap system, and without the need of an application form at the time of commutation; Commutations from income streams not counting ...