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On 1 July 2017, the value of a Commonwealth penalty unit will increase from $180 to $210 and will automatically increase in line with the CPI (Consumer Price Index) from 1 July 2020, and every three years after. 1 Penalty … Continue reading →

30 June 2017 is the last day to make the most of your concessional and non-concessional contributions caps. If you turned 50 years of age between 1 July 2016 and 30 June 2017, your concessional cap is $35,000. If you … Continue reading →

Members wishing to maximise their contributions into super for the 2015 financial year should be aware of the ATO’s position as to when a cash contribution is ‘received’. Their current stance is that a contribution is only received when the … Continue reading →

An Investment Trends reports shows that 35,000 SMSFs changed to a specialist SMSF administration providor in the past 12 months with ease of use and lower fees themost cited reasons. Specialists such as The Super Factory are able to focus … Continue reading →

A recent survey by SMSF Academy showed an average annual fee of $2,250. This puts The Super Factory’s fees of $1,800 way ahead of the rest, saving you money that can be put to better use. Call us now for … Continue reading →

One of the pieces of legislation that the current government did not repeal is that of an extra tax on high income earners. The ATO has announced that 2013 tax assessments under Division 293 will begin to be issued in … Continue reading →

Today, the government scrapped the proposed 15% tax on earnings over $100,000 for funds in pension phase,  :-D, giving back some certainty to retirement earnings for self funded retirees.

The amendment to SIS regulation 4.09 which requires trustees to review the insurance needs of members of their SMSF should be taken seriously. The possibility of early death or permanent injury is always amongst us. The Super Factory can refer … Continue reading →

An excerpt from the Assistant Commissioner Superannuation, Matthew Bambrick’s, speech 2013 SISFA SMSF Forum 17 October, 2013 ‘While all of the statistics I’ve discussed show the SMSF sector is in pretty good shape overall, there are always a few issues. … Continue reading →

Much in the media of late re the relevance of an SMSF for the average Australian. From the Cooper Review 2010 – “there has been a long running debate about whether there should be a minimum SMSF asset size, with many … Continue reading →