Contribution caps and traps for the unwary
Various strategies are likely to revolve around the $1.6 million superannuation limit.
John Wasiliev writes on Personal Finance specialising in Superannuation & SMSFs, Managed Funds, Trusts.
Various strategies are likely to revolve around the $1.6 million superannuation limit.
Thousands of well established self-managed superannuation funds face major restructuring.
Transferring a super pension to a beneficiary upon the death of a spouse? You'll face difficulty.
Want to maximise your super once you retire and close to the $1.6 million cap? It's time to look at split strategies.
It's like 2006 again as savers weigh up whether to sell assets to put the maximum $540,000 into super before tighter limits take effect.
Need to change your pension thanks to budget super changes? Tread carefully around seniors health card rules.
Why transitioning to retirement income streams, from a tax perspective, has extra significance.
On a knife-edge when it comes to breaking new contribution rules? Don't get sloppy.
Lower contribution caps make it even more imperative to get the best investment returns from your super fund.
if you're investing for growth, "star" investments can include JB Hi-Fi, Cochlear, Blackmores and Harvey Norman.
A decision to steer away from Australian shares may be jumping the gun.
A deferred purchase instalment strategy could be helpful for SMSFs wanting to add direct business property to their portfolios.
Check your DIY fund's real estate investments still make sense given proposed super changes.
Despite big potential changes to transition pensions, there could be short-term benefits to starting one.
Big changes to super rules can deliver unexpected bonuses in the form of "one-off" contribution proposals.
Savers need to get their heads around the proposed new contribution rules.
Disenchanted with proposed super changes, many SMSF trustees have voted with their feet.
Have you got "boomerang children" who've moved back home? You could be sharing more than just the cooking.
Ignore the noise about potential super changes and make the most of what you have by getting tax ready before June 30.
The devil will be in the detail when it comes to contribution ceilings when a couple part ways.
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