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Showing 1 - 10 of 147 results for %22Transfer Balance Cap%22

Actuaries Institute proposes new performance test measure

ANDREW MCKEAN  |  TUESDAY, 23 APR 2024
The Actuaries Institute has proposed revising the annual superannuation performance test, so it better aligns trustees' investments with the best financial interests of members. In its Treasury submission, the Institute said the test should include ...

Treasury mulls transfer balance credit provision reforms

JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2024
... balance purposes and incur adverse outcomes for some; it could result in a net increase which could cause their transfer balance cap to be exceeded, resulting in additional taxation or requiring them to commute funds held elsewhere, sometimes both. Treasury ...

How will Division 296 Tax impact farmers?

CHLOE WALKER  |  THURSDAY, 22 FEB 2024
... proposed Division 296 Tax. Already, Timms said SMSFs holding farmland property are considering the best options to either transfer the land or restructure investments to factor in a tax that may require payment in years of low cash flow. "This is not ...

ASIC issues interim stop orders against Keystone

JAMIE WILLIAMSON  |  THURSDAY, 8 FEB 2024
... documentation. ASIC issued interim stop orders against Keystone Asset Management, saying it cannot offer, issue, sell or transfer interests in the fund, which is managed by CF Capital Investments. The orders apply across all classes of the fund, being ...

AMP Capital sale inches toward completion

CHLOE WALKER  |  TUESDAY, 31 OCT 2023
... domestic infrastructure business to Dexus Funds Management (Dexus) have been met. The last phase of this sale involves the transfer of AMP's interest in China Life AMP Asset Management Company Limited (CLAMP). Once this process is finished, AMP will ...

Government to amend transfer balance cap laws

ANDREW MCKEAN  |  FRIDAY, 27 OCT 2023
The government is progressing legislative amendments to the transfer balance cap (TBC) for individuals with a capped defined benefit income stream. Assistant treasurer Stephen Jones said this is another step to improve the efficiency of the superannuation ...

Blackwattle to take over Watermark fund

CHLOE WALKER  |  MONDAY, 23 OCT 2023
... investment manager can reduce market risk under the revised mandate by holding up to 50% of the fund's capital in cash. The balance will be invested in the Australian share market. To give the new investment manager time to adjust to the new strategy ...

Super tax change to impact SMSF members: Research

CASSANDRA BALDINI  |  WEDNESDAY, 11 OCT 2023
... Farmer's Federation (NFF) also voiced strong opposition to the government's draft reforms and said that farmers commonly transfer their land assets - often key to their retirement savings - to self-managed super funds (SMSFs) to facilitate stable ...

Farmers distressed by superannuation tax overhaul

ANDREW MCKEAN  |  THURSDAY, 5 OCT 2023
... balances over $3 million, signalling potential ramifications for rural communities. The NFF said that farmers commonly transfer their land assets - often key to their retirement savings - to self-managed super funds (SMSFs) to facilitate stable income ...

Gender parity in funds management stalls

ANDREW MCKEAN  |  WEDNESDAY, 20 SEP 2023
... setbacks; abrdn's female representation declined by 3% year-over-year. This is in part due to the fund manager's decision to transfer its Australian equities capabilities to SG Hiscock, which resulted in the departures of Michelle Lopez and Natalie Tam. ...
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