Division 296 Super Tax Bill introduced to Parliament
The Division 296 super tax bill was introduced to Parliament this week, targeting balances above $3 million and increasing tax rates on future earnings from 1 July 2026.
Boost your Super with a Downsizer Contribution after selling your home
If you are aged 55 or older, you may be able to contribute from the proceeds of selling your home into your super fund as a downsizer contribution. Conditions apply.
Check if lost or unclaimed super belongs to your SMSF
Over $18.9 billion in lost and unclaimed super is waiting to be claimed. If you have an SMSF, some of it could be yours. Learn how to check and transfer your super safely to your fund.
ASIC warning about pushy sales tactics urging quick super switches
Thinking about switching super? Don’t rush it. ASIC warns Aussies to watch for pushy sales tactics and risky schemes. Protect your retirement savings by seeking trusted advice first.
Superannuation death benefits
What you need to know about receiving a superannuation death benefit after someone has died.
General transfer balance cap to be indexed on 1 July
Indexation of the general transfer balance cap (‘TBC’) will occur on 1 July 2025.
2025 superannuation housekeeping
Reminder for SMSFs to stay on top of super housekeeping: TBARs for the March quarter are due 28 April, and the general transfer balance cap increase from 1 July.
Omnis Financial Planning – Winter 2024 Newsletter
Prepare for Life In this issue – Living your best life in retirement If you’re nearing retirement age, it’s likely you’re wondering if you will have enough saved to give up work and take it easy, particularly as cost-of-living increases hit some of the basic expenses such as energy, insurance, food and health costs… Help […]
What laws do SMSFs need to adhere to?
Navigating the Legal Landscape: Responsibilities of SMSF Trustees Understanding the Legislative Framework and Compliance Obligations for Self-Managed Super Funds As a trustee of a self-managed super fund (SMSF) there are responsibilities and rules you must follow. At the most fundamental level, you need to make sure your SMSF is functioning under the relevant laws. As a type of superannuation fund, trustees […]
Super contribution caps to rise
Prepare for Changes as Concessional and Non-Concessional Caps Rise What You Need to Know for 2025 The big news story for those contributing to super is that the contribution caps are set to increase from the 2025 income year. The concessional contribution cap will increase from $27,500 to $30,000. This ‘CC’ cap is broadly applicable […]
