Aus Tax News

Topical Australian tax news

  • Home Page
  • Income Tax
    • Tax Residence
    • CGT
    • Tax Deductions
  • Small Business
    • FBT
    • GST
  • Superannuation
  • Centrelink
  • Tax and Property
  • Tax Avoidance

2017 Super and Pension Changes – A quick video summary

26 January, 2017

This is a short video touching on some of the key changes to be aware of in the superannuation and retirement income stream (pension) environment.

Key points:

  • $1.6 million cap on transfer to tax-free pension phase
  • what happens to any balance?
  • strategies to consider before year end
  • concessional contributions (before tax) cap changes
  • non-concessional (personal) contributions cap changes
  • bring-forward provisions changes
  • transition to retirement income streams changes
  • defined benefits schemes, spouse tax offset – opportunities?
  • reduction of higher income earners’ threshold

Youtube Credit: Ambition Wealth

Here’s another quick summary, courtesy of RSM Australia

GET READY FOR 1 JULY 2017

Following extensive debate and conjecture, the 2016 Budget announcements making widespread changes to the superannuation system have been passed. Most of these changes commence from 1 July 2017 but may require a great deal of planning, and like most things, the real trick is in the detail. Now is the time for you to prepare.

The five new rules of super

Filed Under: Self-Managed Super Funds, Superannuation Tagged With: $1.6 million super cap, contributions cap, financial planning, income stream, pension, superannuation, transition to retirement

  • Twitter

Recent Posts

  • Proving Something Doesn’t Exist – The Burden of Proof
  • Sloppy Negative Gearing – Advisor Hit for $70,000
  • 6 Ways To Tax A Trust
  • Drones set to invade accounting profession
  • 2017 FBT Update – What’s New?

Categories

Posts Calendar

December 2019
M T W T F S S
« Feb    
 1
2345678
9101112131415
16171819202122
23242526272829
3031  

Recent Comments

    Social

    • Facebook
    • Twitter

    Search

    Categories

    Copyright © 2019 Barnfire Pty Ltd All Rights Reserved · This site provides generalised information, not advice. Please see Terms of Use · Contact Us