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Showing 61 - 70 of 147 results for %22Transfer Balance Cap%22

Downsizer contributions skyrocket

KARREN VERGARA  |  TUESDAY, 9 JUL 2019
... even if the member has a total super balance greater than $1.6 million. However, it is counted towards the transfer balance cap of $1.6 million, which applies when the member moves their super savings into retirement phase. It is not exempt from the ...

LUCRF Super ups premiums for older members

KARREN VERGARA  |  THURSDAY, 13 JUN 2019
... death-only cover after 1 July 2019 - without the need to answer health questions or be underwritten. The first option is to transfer the current level of cover to the closest available number of "fixed premium death only" units equal to or above the ...

Super funds grapple with PYSP deadline

KARREN VERGARA  |  FRIDAY, 10 MAY 2019
... Application of fee caps to residual balances under $6000 after partial benefit payments; Interaction between the ATO transfer and fee cap refund obligations; Applicability of the requirements to retirement or pension phase products; and Implementation ...

Communication fails to keep member interests at heart

KARREN VERGARA  |  WEDNESDAY, 8 MAY 2019
... practices in place to facilitate the imposition of 3% fee cap on balances below $6000; prohibition of exit fees; and transfer of inactive low-balance accounts to the ATO. APRA again stressed the importance of communicating the PYSP changes. Superannuation ...

Super, life risk face election test

HARRISON WORLEY  |  MONDAY, 6 MAY 2019
... clients who now plans to leave the country after losing about $800,000 in 2017 as a result of the $1.6 million transfer balance cap reform. "He's going to make himself a non-resident," he says. However, not all have derided the opposition. In September ...

Beware disruptors: Antipodes

ELIZABETH MCARTHUR  |  FRIDAY, 3 MAY 2019
... new businesses emerging that looked much more attractive. "They didn't believe our old, traditional businesses could transfer into the new world. We felt that they could. So we used that as an opportunity to build positions in these stocks." She warns ...

Future Fund crosses $150 billion

KANIKA SOOD  |  MONDAY, 29 APR 2019
... most efficient portfolio possible for generating strong long-term returns. To that end, we continue to prioritise and balance diversification and flexibility while carefully managing risk."

Protecting Your Super Package will cross finish line: Treasurer

KARREN VERGARA  |  TUESDAY, 2 APR 2019
... Commission's recommendation in its final report into superannuation. The tax relief enables superannuation funds to transfer revenue and capital losses to a newly merged fund and defer taxes on gains and losses from revenue and capital assets. Frydenberg ...

Government consults on super legislation

HARRISON WORLEY  |  TUESDAY, 5 MAR 2019
... the Government has proposed draft regulations to fix the valuation of defined benefit pensions under the transfer balance cap to reflect when pensions are permanently reduced following an initial higher payment. The draft regulations would also change ...

IOOF braces for new super package, grandfathered commissions changes

KARREN VERGARA  |  TUESDAY, 19 FEB 2019
... undertaking further analyses, he said. AMP announced yesterday it will lose $30 million when it transfers 370,000 low-balance super accounts to the ATO. Part of the Protecting Your Super Bill includes banning exit fees, and capping administration and ...