Superannuation

September 15, 2020

A recent ATO private ruling considered the implications of withdrawing superannuation when a member is terminally ill. Before passing away, the deceased gave instructions to the trustee to withdraw her entire balance from superannuation. Her superannuation consisted of a term...

February 10, 2020

One of the key topics covered at the 2020 Tamworth Business Summit is "future proofing your business" and Paul Williams from our Specialist Tax & Estate Planning (STEP) team and Financial Planner, Kylie Alcorn will be presenting workshops at...

July 8, 2019

From 1 July 2018, individuals with total superannuation balances below $500,000 have been allowed to carry forward the unused portion of their Concessional Contribution cap for up to 5 years (rolling period). Examples of concessional contributions are employer superannuation...

June 25, 2019

From 1 July 2019, the Protecting Your Super reforms will commence. It’s important to understand how these changes will impact you – particularly where you have a super fund being maintained for insurance purposes only. Superannuation reforms announced in February...

April 17, 2019

The federal election has been called for 18 May 2019 and both major parties have outlined their superannuation and tax policies. With the federal election only weeks away many of our clients have been asking what the major political...

January 21, 2019

What is it? It’s a lifetime limit on how much of your superannuation balance you can transfer from your accumulation account(s) to tax-free ‘retirement phase’ account(s) that allows you to receive pension income.. This limit is known as the ‘transfer...

June 14, 2018

From 1 July 2018 the new ‘downsizing’ into superannuation rule will be able to be used. For those that meet the criteria, this could be used to top up your super and assist with your retirement plans.  This ‘downsizer’ rule...

February 9, 2018

The ATO Small Business Superannuation Clearing House (SBSCH) is going through some major changes in February 2018. We have prepared a summary on the changes and how it might impact your business:   The current SBSCH system will be available to...

May 22, 2017

Roberts & Morrow are hosting a Primary Production Seminar on Thursday 25 May at 3:00pm. For further details please check out the invitation.