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|Showing 1 - 10 of 48 results for "Transfer Balance Cap"|
|... 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 ...|
|... 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 ...|
|... able to put more into their super as the concessional and non-concessional contribution caps and the general transfer balance cap are set to increase due to indexation for the first time since July 2017," minister for women's economic security, superannuation ...|
|... Association of Superannuation Funds of Australia (ASFA) has recommended the government remove the indexation of the transfer balance cap and to cap balances at $5 million to balance the system. In its pre-budget submission, ASFA focused its recommendations ...|
|... last December. Retirees with legacy products, who were previously unable to commute amounts exceeding their transfer balance cap, will be able to undertake a partial commutation. "It also ensures appropriate tax outcomes for these retirees given their ...|
|... needed to take future contributions from any ongoing part-time work, or to hold assets exceeding the Pension Transfer Balance cap. "This contrasts to APRA funds where the partners are usually not in the same fund, and where their accounts cannot be linked ...|
|... for example, by deliberately undervaluing an asset when it enters retirement phase and counts towards the transfer balance cap, allowing a greater amount of earnings within the SMSF to be treated as exempt current pension income," it said. "We have previously ...|
|BT head of financial literacy and advocacy Bryan Ashenden has observed a significant increase in calls for technical support from financial advisers during the COVID-19 pandemic. "The level of queries and questions we were getting through from advisers ...|
|... only make up 9% of all superannuation members in Australia. The research pointed to the introduction of the Transfer Balance Cap (TBC) in 2017 as a key cause for the reduction. Following its introduction retirees with large balances, many of whom were ...|
|... tax agents (typically accountants) are able to access its portal to get total superannuation balance and transfer balance cap information that is crucial for SMSF advice," Maroney added. "Ironically, these individuals are generally not able to provide ...|
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After four months of due diligence, the two super funds have confirmed they will merge before the end of the year.
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The $179 billion sovereign wealth fund has promoted internally to appoint a deputy chief investment officer for portfolio strategy.
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The alarming rate that financial advice is increasingly becoming unaffordable for everyday Australians further cements the position of the rich and powerful, an inquiry heard this morning.
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The Sydney multi-boutique has appointed a Queensland-based distribution director, hiring from GSFM.
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