Superannuation guarantee audits

DLA Partners Luxury Property Services in Natai since 2005 Super Guarantee Audits 1

Under the super guarantee law you must pay super contributions into a complying super fund or retirement savings account by the due date. The due date for superannuation payments is the 28th day after the end of the quarter. If this falls on a weekend or public holiday you can make the payment on the next business day.

New Super Carry Forward Rules – Maximise Your Contributions

DLA Partners Luxury Property Services in Natai since 2005 Running

Have you maximised your concessional super contributions for 2019? Act now to take advantage of the new rules allowing you to make a top-up payment. Get in touch today before your super fund contribution deadline for 2020. #Superannuation #Contributions #MaximiseTaxBenefits

Working for yourself? Have you got your Super sorted?

DLA Partners Luxury Property Services in Natai since 2005 Super

When you’re employed, your employer makes compulsory contributions to your superannuation. When you work for yourself as a sole trader, or you’re in a partnership, making super payments isn’t mandatory. But, it’s still an important thing to consider. Retirement savings contributions are there to set you up in retirement. Generally, investing money into super will […]

Upsize your super with downsizer contributions

DLA Partners Luxury Property Services in Natai since 2005 Downsizer

Legislation has passed that will enable people aged 65 or over to make additional super contributions of up to $300,000 per person from the proceeds of the sale of their home from 1 July 2018. These are known as ‘downsizer contributions’ and they can be made on top of the existing contribution caps, without having […]

Unpaid staff super – is it a time bomb for your business?

DLA Partners Luxury Property Services in Natai since 2005 Time Bomb

Are you worried about unpaid staff super and potential penalties? If the answer is yes, then the recently announced Amnesty from the tax office may be your chance to get back on track.   On 24 May 2018 the Government announced a 12 month superannuation guarantee Amnesty. The aim of this Amnesty is to encourage […]

Smart ways to ease yourself into retirement, pay less tax and boost your super

Two things first up: (1) If you want to (or have to) work past the age of 55, you need to read this article; or (2) If you know someone else who that applies to, please forward them this article or a link to it.

Superannuation & SMSF – What’s changed in 2018?

by David Buchanan, Director My first article in this series drew attention to the fact that accountants must now be licensed to be able to provide advice about superannuation and SMSF.  I also highlighted a second, and equally important, matter of the formal documentation required for the delivery of that advice, and how extra time both […]

Superannuation & SMSF – Statement of Advice (SOA)

by David Buchanan, Director The delivery of advice for superannuation and SMSF changed on 1 July 2016 when specific amendments to the FOFA (Future of Financial Advice) legislation came into effect. Prior to this time, accountants were permitted to provide advice in relation to superannuation matters under the ‘accountants exemption’, but now only financial professionals with […]

Keen to manage your own retirement savings? Consider a self-managed super fund (SMSF)

by David Buchanan, Director & DLA Private Wealth In a recent report by the Australian Prudential Regulation Authority (APRA) there were 590,102 Self-Managed Superannuation Funds in Australia at the close of the March 2017 quarter [1]. This represented an increase of more than 22,000 SMSFs since March 2016, suggesting that Australians favour managing their own […]

Superannuation & SMSF – Better than ever – Committed to helping you achieve your financial goals

by David Buchanan, Director In July 2016, legislation changed the way we as your accountant can advise on superannuation and SMSF. In the past, we could do this under the ‘accountants’ exemption’, but not any more. The new law imposed a range of restrictions on all accountants and to put it plainly, without study and […]