Superannuation death benefits
What you need to know about receiving a superannuation death benefit after someone has died.
Avoid delays releasing super money with these ATO tips
The ATO is reminding self-managed super fund (SMSF) trustees and members to carefully follow the correct steps when a release authority is issued.
General transfer balance cap to be indexed on 1 July
Indexation of the general transfer balance cap (‘TBC’) will occur on 1 July 2025.
Hope remains for $3M super tax changes
The SMSF Association remains hopeful that proposed legislation introducing a 30% tax on superannuation balances above $3 million (Division 296) may still be amended.
Understanding early access to super
Early Super Access: Know the Rules, Avoid the Risks. We explain why accessing your super early can come with serious consequences.
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.
Division 296 Super Tax in Limbo as Federal Election Called
The future of the government’s contentious Division 296 tax has been thrown into uncertainty after Prime Minister Anthony Albanese called a federal election for 3 May 2025, before the legislation could be voted on in the Senate.
Reminder of December 2024 Quarter Super Guarantee
Superannuation Deadline ‘SG’ Approaching Don’t Miss the 28 January Cut-Off Ensure Compliance with the 11.5% SG Rate to Avoid Penalties and Interest Employers are reminded that employee superannuation contributions for the quarter ending 31 December 2024 must be received by the relevant super funds by 28 January 2025. If the correct amount of SG is […]
Eligibility for compassionate release of superannuation
Early Release of Super on Compassionate Grounds: Eligibility and Conditions The ATO outlines strict criteria for accessing super funds early, covering medical, disability, palliative, funeral and foreclosure-related expenses. The ATO has been responsible for the administration of the early release of superannuation on compassionate grounds since 1 July 2018. It will only approve a release […]
Could your staff celebration attract FBT?
Consider if fringe benefits tax (FBT) may apply or you could end up with an unexpected FBT liability. With the holiday season kicking off, you may be planning a celebration with your staff. Before you hire a restaurant or book an event, make sure you work out if the benefits you provide your employees are […]
