What are Total Superannuation Balances (TSB) and why does the ATO need to keep track of them? A member’s TSB is the total sum of their balances held within both retirement phase income streams and accumulation accounts across all superannuation funds. As mentioned in our article “Getting Ready for TBAR Reporting”, the Total Superannuation Balance […]
READ MOREGetting Ready for TBAR Reporting
From 1 July 2017, the government has introduced a Transfer Balance Cap on retirement income streams. The cap started at $1.6 million and will be indexed periodically in increments of $100,000, in line with CPI* A member’s balance in retirement phase income streams, along with any credits and debits that move in and out of […]
READ MORESMSF Loans Will No Longer Be Offered By AMP
Limited Recourse Borrowing Arrangements (or SMSF loans as they’re commonly referred do) will no longer be offered AMP following it’s announcement that it will withdraw it’s loan product from sale as of 20 October 2018. With all four major banks also not offering SMSF loans the number of providers are now limited to only a […]
READ MORE3 Ways To Ensure Your Rebrand Is A Success Story
You may have noticed that SMSFcentral looks a little different. After a year-long labour of love we officially launched our new website and identity on 1st October 2018. Why Did We Rebrand? Simply put, we felt that our old branding didn’t represent who we were and what we stand for any longer. Rebranding is a […]
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