Mar 18, 2024
SBSCH and SMSF bank account validation
With the year-on-year growth in the number of SMSFs in Australia, the ATO is finally rolling out a extra security feature for SMSFs that use the Small Business Superannuation Clearing House (SBSCH)
Feb 13, 2024
No super, No Life!
I was travelling in Japan on a family holiday recently and browsing a stationary store came across a number of pictures with the caption “No Super, No Life”. This is probably more relevant in
Nov 15, 2023
Proposed mechanisms for payday super
Unpaid superannuation is equivalent to wage theft and is detrimental to the retirement income of many Australians. That’s why in the 2023-24 Federal Budget, the government proposed measures to
Oct 8, 2023
Targeted super concession changes looming Click here for more information.     Speak to one of our accountants if you have any questions about the changes in tax for
Sep 4, 2023
SMSF scheme: residential property purchase
With the never-ending increase in Australian house prices, many desperate home buyers are often turning to other, perhaps unconventional, means to secure housing, one such property scheme currently
Sep 4, 2023
ASIC: super trustees need to step up efforts
In recent media releases, ASIC has called on superannuation trustees to step up efforts in the areas of appropriately dealing with members money, and consolidating duplicate member accounts. The
Jul 12, 2023
ATO SMSF Focus Areas For 2023
In a recent speech, Justin Micale, ATO Assistant Commissioner of Self Managed Super Funds Risk and Strategy area outlined the risks on ATO’s radar in the SMSF space and provided some insights on
Jul 12, 2023
Employers to pay super at same time as wages
With the 2023 Federal Budget fast approaching, the government has been selectively releasing various measures ahead of time. Two particular announcements set to affect businesses consist of payday
Jul 12, 2023
Minimum Pension Payment Changes
Retirees who draw an account-based pension from their super need to be aware that the 50% reduction in the minimum pension drawdown rate which applied for previous years will no longer apply from 1
Apr 16, 2023
Bramelle Partners joins the IR Global Network
Bramelle Partners has been accepted to the IR Global network which provides Bramelle Partners clients with access to a multi-disciplinary professional services network that provides legal,
Mar 13, 2023
Superannuation tax break changes In an attempt to repair the Federal Budget and lower the overall national debt, the government announced changes to the way super in accumulation phase
Feb 6, 2023
Beware of super schemes
The ATO is currently running a campaign cracking down on super schemes increasingly used by promoters to inappropriately channel money through SMSFs or provide an unfair tax advantage. Some of the
Dec 6, 2022
Future of superannuation
In a recent address, the Assistant Treasurer and Minister for Financial Services, Stephen Jones, outlined the changes the government will be pursuing in terms of superannuation. From its beginnings
Nov 6, 2022
Pension changes to encourage workforce participation
As a result of the government’s recent Jobs Summit and responding to pressure from employer and agricultural lobby groups, proposed changes have been introduced into Parliament that will enable
Sep 9, 2022
Compliance with super laws – ATO’s approach
When it comes to compliance by SMSF trustees with super laws, the ATO’s main focus is on encouraging trustees to comply with the super laws. However, there are occasions when stronger responses are
Aug 8, 2022
Thinking of ditching your SMSF?
If the recent market conditions or just the amount of administration involved is making you rethink having an SMSF as your retirement vehicle, there are several things you will need to be aware of.
Jul 7, 2022
Current compliance issues in the SMSF space
In a recent presentation, the Director of ATO’s superannuation and employer obligations area, Paul Delahunty, shared some key compliance issues that the ATO is currently prioritising in the SMSF
Jun 3, 2022
Personal super deductions: remember the notice
If you are considering making a personal contribution to your super and would like to claim a deduction on the contributions made, it is important to remember to give the required notice to your