Search Results | Showing 1 - 10 of 99 results for "contribution caps" |
| | | ... remain unaware of one of the system's more flexible features, the ability to carry forward unused concessional contribution caps from previous years. "Many Australians assume that if they miss contributing to one year, that opportunity is lost. But the ... |
| | | | ... alleged misreporting could have significant tax consequences for his client, including the risk of breaching contribution caps. According to Marsh, the fund reported contributions under his client's name despite there being no existing account or ... |
| | | | ... advice without additional licensing requirements. It also suggests that the government replace the annual super contribution caps with lifetime caps and discontinue the Better Targeted Superannuation Tax Concessions policy. Meanwhile, in the longer term ... |
| | | | ... whether to move funds back to accumulation phase beforehand in order to get the benefit," he said. Meanwhile, contribution caps are determined by a different measure, the average weekly ordinary time earnings (AWOTE), which is set to be released next ... |
| | | | ... reserve is then allocated to the former recipient, it will be exempt from both concessional and non-concessional contribution caps. The draft regulations, which expand on and support implementation of the 2021-22 Budget measure to allow individuals to ... |
| | | | ... working and saving left, she pointed out. A 35-year-old today, for example, is dealing in a different world of contribution caps to a 65-year-old as contribution caps are much lower and there are now limits on non-concessional contributions. While it ... |
| | | | Superannuation contribution caps will go up on July 1, after the Australian Bureau of Statistics reported an increase in average weekly ordinary time earnings (AWOTE). The ABS reported the AWOTE rose 4.5%, seasonally adjusted, in the year to November ... |
| | | | ... resulting from several factors including downsizing contributions, rebalancing strategies, the indexation of contribution caps, and the removal of the work test for people under the age of 67. SMSF members appear to be enjoying tax-free earnings in retirement ... |
| | | | ... accordingly. "They should be making the most of current superannuation rules, including those pertaining to contribution caps and indexation of caps, transfer balance and total super balance caps," he said. Despite the constant change within the SMSF ... |
| | | | ... problematic for SMSFs. "These [accumulated capital gains] have not been impacted to a great extent by changes to contribution caps as the increase in account values has been driven by capital gains rather than contributions," ASFA said. As previously ... |
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