The superannuation reform changes that take effect on July 1 have created a deal of discussion and debate about a whole range of things from contributions through to the impact on a client’s estate planning. One of the greater mysteries
Q: Can I make concessional contributions to super once I have more than 1.6 million? A: It is possible for a person to have concessional contributions made to superannuation irrespective of the total amount they have in super. There is
Q: Do I have to withdraw a minimum amount from amounts transferred to an accumulation account, as I do with my pension account? A: No, only account based pensions and transition to retirement pensions require a minimum set percentage of
Despite a pessimistic view by some, the reasons for having a transition to retirement income stream have not changed, it’s just that the investment income earned by the superannuation fund will be taxed at 15 per cent from 1 July
Question: Can I even out the $1.6 million cap between me and my spouse? Answer: In situations where either a fund member or their spouse has more than $1.6 million in superannuation, it is not possible to transfer any excess
The superannuation reform changes that take effect on July 1 have created a deal of discussion and debate
Q: Can I make concessional contributions to super once I have more than 1.6 million? A: It is
Q: Do I have to withdraw a minimum amount from amounts transferred to an accumulation account, as I
Despite a pessimistic view by some, the reasons for having a transition to retirement income stream have not
Question: Can I even out the $1.6 million cap between me and my spouse? Answer: In situations where
