SMSF Modelling. Meg Heffron. Rely on our excellence for SMSF administration, compliance, documentation, advice
|
|
- Jasper O’Neal’
- 5 years ago
- Views:
Transcription
1 SMSF Modelling Meg Heffron Rely on our excellence for SMSF administration, compliance, documentation, advice
2 SMSFs what s the main game? Presumably for most: Ensure capital provides adequate retirement income Save enough Draw it out tax effectively Hedge against future change where possible Staying out of trouble
3 Using SMSFs Some important character development: When / for whom to start pensions? How many? Any tricks along the way? BUT in the context of the main game retirement income for life & staying out of trouble
4 SMSF Modelling Question 1 : When / for whom pension(s) should start
5 The three pension groups Over 55s 3 groups from a pension perspective No brainers easy decision to start Need income? Over 60 & can re-contribute? Can increase salary sacrifice (mitigate tax) High taxpayers under 60, high taxable income Non-contributors good short term tax outcome but can t recontribute
6 High taxpayers High taxpayer s dilemma: Don t want income (more tax) but it keeps on coming: Concessional cap reducing (1/7/12) so less salary sacrifice Minimum pensions increasing back to normal levels (1/7/13)
7 High taxpayers TRIS outcomes Ken : $1m in super, $150k salary package At Age 55 (2013/14) Start pension $25k super Employer $125k salary Tax: $3.8k Tax: $36.0k Total tax paid: Personal $45.4k Super conts $3.8k Super earnings $12.0k $0.0k Total $45.8k $51.8k $49.2k Super Fund 4% taxable earnings: $40k Tax: $6.0k Pension $40k Personal Bank account
8 High taxpayers Breakeven points Year CC Cap Pension (Min %) Salary / other income (before concessional conts) $100k $150k $200k 2011/12 $50k 3% 3.3% 4.7% 4.7% 2012/13 $25k 3% 4.5% 4.7% 6.0% 2013/14 $25k 4% 6.0% 6.3% 8.1% 2013/14 (50% tax free ) 2.9% 3.1% 3.9%
9 High taxpayers Breakeven points What if the (minimum) pension payment taxed as a lump sum? Superannuation Income Stream Benefit Taxable component - Marginal rates less 15% offset Superannuation Lump Sum Taxable component Nil% on first $175k 15%+medicare thereafter. Breakeven generally 0%
10 High taxpayers Breakeven points Minimum pension taxed as a lump sum can it be done? Yes if: Have some unrestricted non preserved (eg retired) Pension still in place (not fully commuted) Member elects beforehand to take lump sum
11 Non-contributors A different challenge can t re-contribute: Pension forces build up of non super assets Balancing act: Tax benefits super fund tax exempt Tax cost tax on non super investment returns Influenced by: Rate of tax outside super How the $ eventually leave super
12 Non-contributors Setting the model: Age 65, single $1m in super (100% taxable) No need for income, unable to contribute 3 scenarios considered for non super assets: 1. Initially, no non-super assets 2. Other assets able to trap income at 30% 3. Top marginal rate taxpayer
13 Value added by pension gross wealth 40% 30% 20% How much better off with a pension? Measured by comparing Gross value of assets Personal tax rates - no other income Company tax rate Top marginal tax rate 10% 0% -10% %
14 Value added voluntary sale 40% 30% 20% How much better off with a pension? Measured by comparing net worth (voluntary sale during lifetime) Personal tax rates - no other income Company tax rate Top marginal tax rate Allowing for natural turnover (10% pa) 10% 0% % -20%
15 Value added by pension death 40% 30% 20% How much better off with a pension? Measured by comparing assets net of super benefits tax only (death) Personal tax rates - no other income Company tax rate Top marginal tax rate 10% 0% -10% %
16 What do they tell us? Who should start a pension even if they don t need the money? Other assets / very high taxpayer? NO, looks attractive on death but perhaps illusory Benefit only arises if die with no opportunity to cash out super No other assets / able to trap income at 30%? Probably YES, but watch full liquidation during lifetime!
17 SMSF modelling Question 2 : We re starting, but how many? 2011 Heffron
18 How many? Multiple (rather than one) pensions: 1.More effective re-contribution strategy Isolate new (non-concessional) contributions But important to question : is this effective in changing components? effective in reducing taxes? Case study George is 60, $1m all taxable, retired
19 Multiple pensions & recontribution George at 65 ($1.47m) $859k $1,277k
20 Do benefits taxes really hurt anyway? $ Present Value (adj for inflation) 250, , , ,000 50,000 - Total taxes (death, no dependants) CGT on Super Benefits Tax Balance at 60 : $1m, all taxable. Cost base : $750k
21 How many? Multiple (rather than one) pensions (cont d): 2.Estate planning flexibility Tax free pension to estate / children? Nearing death cash out taxable only? 3.Protection from legislative change Tax reintroduced? Large $ from tax free pension
22 How many? Multiple (rather than one) pensions (cont d): 4.Maximise unrestricted non preserved How? Isolate UNP in its own pension Who cares? Access to large amounts before retirement / 65? Early start on recontribution after 60? Pay lump sums (in lieu of pension payments) Tax benefits In specie payments Does it really make any difference?
23 How many? 4. Separate pension for UNPB (Balance $1m, UNP $200k) $250,000 $200,000 $150,000 $100,000 UNP - 2 pensions UNP - 1 pension $50,000 $
24 SMSF Modelling Question 3 : We ve started, now what? 2011 Heffron
25 We ve started, now what? Ever re-think 100% pension phase? YES: Capital losses Managing capital gains at the end
26 Capital losses Why do pension funds care about holding on to losses? Legislative change (taxing pension funds) Change in circumstances (back to accumulation) Death with no spouse (TR 2011/D3)
27 Capital losses Realising a loss in 2011/12? Ideally unsegregated: Loss carried forward Available to use in a future year How to be unsegregated : Small accumulation account? New contribution? Just like segregating before realising a gain in reverse!
28 Capital losses Next year 2012/13: Ideally segregated Loss still carried forward New gains ignored don t use up carried forward loss
29 CGT at the end fully segregated How much tax is paid on death? Member dies Balance : $850k 1 Feb All assets sold, balance paid to estate ($865k) 1 May 1 July Pension Bal : $800k (Cost base $700k) Tax method: Segregated Taxable gain $110k (2/3 x $165k) CGT to pay $16.5k 30 June
30 CGT at the end unsegregated How much tax is paid on death? Member dies Pension : $849k Accum : $1k 1 Feb All assets sold, balance paid to estate ($865k) 1 May 1 July Pension Bal : $799k Accum Bal : $1k (Cost base $700k) Tax method Unsegregated (actuary % = 69%) Taxable gain 2/3 x $165k x 31% = $34k CGT to pay $5k 30 June
31 But to finish with the main game.. What were we aiming for? Ensure capital provides adequate retirement income Save enough Draw it out tax effectively Hedge against future change where possible Staying out of trouble
32 How much is enough? Some challenges: Male life expectancies at 60 over last 25 years: Life expectancy Age at death > half the population lives beyond life expectancy There s more to dealing with a couple than looking at longer life expectancy
33 Capital required at age 60 Pension of $60k pa, 3% inflation, 8% pa return $1,000,000 $750,000 $500,000 Until 100 Until both dead $250,000 Life of female aged 60 $0 Current mortality tables Allowing for mortality improvement Life of male aged 60
34 Capital required at age 60 $1,500 Capital to last to age 100 $1,250 $1,000 $ 000 $750 $500 $250 $0 Tax on Benefits tax 6% return 0% return earnings Base case - 8% return Additional cost -8% return % return % return 80-83
35 To sum up Some useful excursions: Who should start pensions & when? High taxpayers breakeven points Non contributors generally start unless v high income earner How many? Generally several. Ever revisit? Generally yes. But the main game? How much is enough.
36
Recontributions and other super interest(ing) pension strategies. Craig Day Executive Manager, FirstTech Colonial First State 97618: _4
Recontributions Craig Day Executive Manager, FirstTech Colonial First State 97618:4413748_4 CONTENTS Introduction... 3 Superannuation interests, proportioning and tax components... 3 Meaning of a superannuation
More informationFUTURE OF RETIREMENT STRATEGIES
FUTURE OF RETIREMENT STRATEGIES Disclaimer Heffron Consulting Pty Ltd 2017 This presentation is based on our understanding of the law as at 25 October 2017 and is for general information only. This presentation
More informationSMSFS AND RETIREMENT PLANNING
SMSFS AND RETIREMENT PLANNING in the latest policy environment Nerida Cole Managing Director, Head of Advice Mimi Gomez Executive Wealth Advisor, Family Wealth Management July 2018 IMPORTANT INFORMATION
More informationSmart strategies for maximising retirement income 2012/13
Smart strategies for maximising retirement income 2012/13 Why you need to create a life long income Australia has one of the highest life expectancies in the world and the average retirement length has
More informationContributions your strategy roadmap. Meg Heffron Head of Customer, Heffron SMSF Solutions
Contributions your strategy roadmap Meg Heffron Head of Customer, Heffron SMSF Solutions Contributions roadmap The three phases: Early years : 25-45 Key saving time : 45-65 Getting the final strategies
More informationDay 2 Superannuation Schools 2011 ADVANCED PLANNING STRATEGIES FOR SUPER PENSIONS...1
ADVANCED PLANNING STRATEGIES FOR SUPER PENSIONS...1 Introduction...3 1. Setting up a tax-effective SMSF pension...4 1.1 Background to the proportioning rule calculating the tax free and taxable components
More informationA super reform checklist for 1 July 2017
IOOF TechConnect A super reform checklist for 1 July 2017 New super reforms will apply from 1 July 2017. Until then, there are some limited opportunities for your clients. This checklist provides you with
More information6/02/2018. TRIS Strategy Tips and Traps. Highlights & learning objective. TRIS fundamentals. Tim Miller
TRIS Strategy Tips and Traps Tim Miller Miller Super Solutions Highlights & learning objective The validity of TRIS and salary sacrifice arrangements Creating new intrists are there benefits in multiple
More informationHOW S POST 30 JUNE WORKING OUT FOR YOU? A CHECKLIST OF WHAT S NEXT
HOW S POST 30 JUNE WORKING OUT FOR YOU? A CHECKLIST OF WHAT S NEXT Presented by Tim Miller Miller Super Solutions Disclaimer The material shown in this presentation has been prepared by Tim Miller from
More informationStrategy Paper: Pre Retirement Pensions. SMSF Specialists Investment Management Financial Planning Accounting
Strategy Paper: Pre Retirement Pensions 190 Through Road Camberwell VIC 3124 T: (03) 9809 1221 F: (03) 9809 2055 enquiry@gfmwealth.com.au www.gfmwealth.com.au ABN 69 006 679 394 SMSF Specialists Investment
More informationTransition to retirement (TTR) pensions
Transition to retirement (TTR) pensions No matter how many hours you work, if you are 55 or over, you can access your super as a transition to retirement (TTR) pension, even if you are still working full
More informationSmart strategies for reducing aged care costs
Smart strategies for reducing aged care costs Get the care you need at a lower cost Aged care costs can be very high and could increase as our population ages. The accommodation bond alone averages just
More informationTransition to retirement pensions
Transition to retirement pensions No matter how many hours you work, if you are over preservation age 1, you can access your super as a transition to retirement (TTR) pension, even if you are still working
More informationSMSF ASSOCIATION ASF AUDITS TECHNICAL UPDATE
ASF AUDITS 1 About the SMSF Association The SMSF Association is an independent organisation focussed on informing, educating, empowering and advocating for all Australians who self manage their superannuation.
More informationSuperannuation. A Financial Planning Technical Guide
Superannuation A Financial Planning Technical Guide 2 Superannuation Superannuation overview 4 Superannuation contributions 4 Superannuation taxation 7 Preservation 8 Beneficiary nomination 9 Conditions
More informationGo-To Guide Concessional and non-concessional contributions caps
Go-To Guide Concessional and non-concessional contributions caps SMSF Association Technical Team Table of Contents Key Advice Issues... 1 Concessional contribution cap reduction... 1 Non-concessional contribution
More informationA Guide to Segregation
A Guide to Segregation 1 / Introduction In theory the tax rules surrounding superannuation balances that support pensions are very simple : no tax is paid on the investment income they generate. This income
More informationAccount-based pensions: making your super go further in retirement
Booklet 3 Account-based pensions: making your super go further in retirement MAStech Smart technical solutions made simple Contents Introduction 01 Introduction 03 What are account-based pensions? 05 Investing
More informationA fresh start A guide to managing redundancies
A fresh start A guide to managing redundancies 2 012/13 Preparation date: 1 April 2013 Contents Make the most of Her s your what you ll fresh find within start. this document If you are leaving your employer
More informationFinancial Considerations for Redundancy
Financial Considerations for Redundancy 16 September, 2013 The information contained within this presentation is intended to provide general advice only. It has been prepared without taking into account
More informationSmart strategies for running your own super fund
Smart strategies for running your own super fund 2011 Set your super free Self managed super is the largest and fastest growing super sector in Australia. Over 2,000 new funds are established every month,
More informationMake your super count Smart strategies for
Make your super count Smart strategies for 2014 2015 Superannuation is one of the best places to accumulate wealth and save for your retirement. The main reason, of course, is the favourable tax treatment.
More informationSmart strategies for your super 2012/13
Smart strategies for your super 2012/13 Make your super count Superannuation is still one of the best places to accumulate wealth and save for your retirement. The main reason, of course, is the favourable
More informationNON-CONCESSIONAL CONTRIBUTIONS: TOP 10 TIPS
1 Will Moloney, Macquarie Group Will Moloney is a technical services manager for Macquarie Technical Services. Will has over 20 years of financial services experience, with expertise in superannuation,
More informationSuperannuation. A Financial Planning Guide
Superannuation A Financial Planning Guide 2 Superannuation Contents Superannuation overview 4 Superannuation contributions 4 Superannuation taxation 7 Preservation 8 Beneficiary nomination 9 Conditions
More informationReversionary Pensions
SuperGuardian Information Reversionary Pensions A member s estate planning objectives should be taken into account when commencing any new pension. When a super fund member passes away, if they have a
More informationChanges to Transition to Retirement
Changes to Transition to Retirement Benefits of TelstraSuper Security of Australia s largest corporate fund $18 billion invested 100,000 members Not for profit Over 25 years experience All your super in
More informationSuperannuation. A Financial Planning Technical Guide
Superannuation A Financial Planning Technical Guide 2 Superannuation Contents Superannuation overview 4 Superannuation contributions 4 Superannuation taxation 7 Preservation 9 Beneficiary nomination 9
More informationTalking Tech September 2013
TT9/2013 Talking Tech September 2013 Welcome to the September edition of Talking Tech. This month we cover: Coalition s proposals Restricted insurance cover through super from 1 July 2014 ASIC guidance
More informationPERSONAL DEDUCTIBLE CONTRIBUTIONS: TIPS AND TRAPS
www.fsadvice.com.au 1 Julie Fox, Colonial First State Julie is a senior technical manager with the Colonial First State FirstTech team. Prior to this, Julie was a senior manager for MAStech at Macquarie
More informationDay 2 Superannuation Schools 2012 PLANNING STRATEGIES WITH THE NEW CONTRIBUTION RULES...1
PLANNING STRATEGIES WITH THE NEW CONTRIBUTION RULES...1 Introduction...3 1. ATO gives green light to accessing TWO contributions caps in the one income year...4 1.1 ATO confirms contribution counted towards
More informationSUPERANNUATION MONEY MAKING STRATEGIES & NEW DEVELOPMENTS. Trusted tax information you can count on ACN
MONEY MAKING STRATEGIES & NEW DEVELOPMENTS Trusted tax information you can count on 2017 18 ACN 609 162 058 2 3 TOPICS 1 July 2017 Changes During the year the Government passed into law a package of significant
More informationGUIDE TO THE SUPER REFORMS What they could mean for you in 2017 and beyond
GUIDE TO THE SUPER REFORMS What they could mean for you in 2017 and beyond FROM 1 JULY 2017, A RANGE OF SUPER REFORMS ANNOUNCED IN THE 2016 FEDERAL BUDGET WILL TAKE EFFECT. IT IS IMPORTANT YOU DISCUSS
More informationA A fresh guide start to managing redundancies
A fresh guide start to managing redundancies A A fresh guide start to managing 2015 2016redundancies 2013/14 Preparation date 03 March 2014 Issued by The Trustee, MLC Nominees Pty Ltd (MLC) ABN 93 002
More information2016/17 Budget. 1. Effective Budget Night 7.30pm (AEST) 3 May New lifetime cap for non-concessional superannuation contributions
2016/17 Budget Superannuation reform changes 1. Effective Budget Night 7.30pm (AEST) 3 May 2016 1.1 New lifetime cap for non-concessional superannuation contributions The government will introduce a $500,000
More informationSmart strategies for running your own super fund 2012/13
Smart strategies for running your own super fund 2012/13 Set your super free Self managed super is the largest and fastest growing super sector in Australia. Over 2,000 new funds are established every
More informationMAXIMISING NON-CONCESSIONAL CONTRIBUTIONS TECH UPDATE
MAXIMISING NON-CONCESSIONAL CONTRIBUTIONS TECH UPDATE Release Date l February 2017 CHANGES TO NON-CONCESSIONAL CONTRIBUTIONS By: Peter Kelly, Superannuation, SMSF, and Retirement Specialist, Centrepoint
More informationImplications of the 2016 Federal Budget
Implications of the 2016 Federal Budget This information is correct as at 16 May 2016. Information contained in this presentation is general in nature and does not constitute personal advice. It has been
More informationFINANCIAL PLANNING CONCEPTS
FINANCIAL PLANNING CONCEPTS Superannuation Superannuation can be complex and the rules are always changing which is why it s important to should seek advice. This guide covers some of the essential things
More informationNavigating the Australian Superannuation Changes 2017
Navigating the Australian Superannuation Changes 2017 WOTHERSPOON WEALTH Independent Financial Advice ebook Series 2017 NAVIGATING THE SUPER CHANGES The Federal Government s new superannuation reforms
More informationSuper Changes Webinar 28 February 2017
Super Changes Webinar 28 February 2017 First, a little more about you 2 Welcome Super Changes Most changes start 1 July so it is important that you and your clients are prepared. Outline key aspects of
More informationFast Facts Facts and Figures 1 January 2018
Fast Facts Facts and Figures 1 January 2018 Tax Rates and thresholds Individual resident tax rates 1 (Excludes minors and working holiday makers) Taxable income Tax % tax on excess $18,200 Nil 19.0% $37,000
More informationSwim between the flags SMSF Trustee Program. Module 6 of 7. TAXATION OF SMSF s. Financial education for all Australians
Swim between the flags SMSF Trustee Program Module 6 of 7 TAXATION OF SMSF s Financial education for all Australians This page is left blank intentionally. Financial education for all Australians 1 No
More informationExample: calculation of transfer balance cap and tax
$1.6m super transfer balance cap by Ben Miller, Senior Writer, Wolters Kluwer CCH Abstract: With the announcement of the federal Budget on 2 May 2016, superannuation laws regarding pensions were tipped
More informationThe Ying and Yang of post reform strategies Paper written by: Mark Ellem Executive Manager, SMSF Technical Services, SuperConcepts
The Ying and Yang of post reform strategies Paper written by: Mark Ellem Executive Manager, SMSF Technical Services, SuperConcepts 0 P a g e The Scenario Glory, aged 81, has the following benefits in the
More informationSMSF. Okay, so you already have a Self-Managed Super TAX-EFFECTIVE STRATEGIES YOU PROBABLY DON T KNOW (BUT SHOULD!)
6 TAX-EFFECTIVE SMSF STRATEGIES YOU PROBABLY DON T KNOW (BUT SHOULD!) Okay, so you already have a Self-Managed Super Fund (SMSF), or you ve decided to set one up. It could be because: Of the flexibility
More informationCASE STUDY: TRANSITION TO RETIREMENT
Build wealth for retirement Transition to Retirement at a glance Transition to retirement is a strategy available to those who have reached their preservation age but who have yet to retire permanently,
More informationFast Facts Facts and Figures 1 July 2018
Fast Facts Facts and Figures 1 July 2018 Tax Rates and thresholds Individual resident tax rates 1 (Excludes minors and working holiday makers) Taxable income Tax % tax on excess $18,200 Nil 19.0% $37,000
More informationCASE STUDY: SALARY SACRIFICE HIGHER INCOME
Salary Sacrifice income to super to reduce tax & save for retirement Super salary sacrifice at a glance Salary sacrifice is an arrangement between you and your employer where you request that part of your
More informationCASE STUDY: TRANSITION TO RETIREMENT (TTR) HIGHER INCOME
Build wealth for retirement Transition to Retirement at a glance Transition to retirement is a strategy available to those who have reached their preservation age but who have yet to retire permanently,
More informationSuperannuation Changes: Estate Planning
2017 Superannuation Series Superannuation Changes: Estate Planning In the third instalment of our Superannuation Changes series, we consider the impact these changes will have on your estate planning affairs.
More informationSuperannuation Superannuation
Superannuation Superannuation Using superannuation as a savings vehicle is a tax-effective way to increase your savings to meet your retirement goals. Types of superannuation funds There are many types
More informationADDITIONAL INFORMATION BOOKLET
ADDITIONAL INFORMATION BOOKLET Issued by Diversa Trustees Limited (ABN 49 006 421 638, AFSL 235153, RSE Licence No. L0000635) as Trustee of the HUB24 Super Fund (ABN 60 910 190 523, RSE R1074659, USI 60
More informationFact. sheet. 2. How super works. Overview. Member account. Contributions. Product Disclosure Statement
Statement Fact 2. How super works The information in this document forms part of the Statement (PDS), dated 30 September 2018 for the Local Government Super (LGS) Accumulation Scheme. This document is
More informationT5 Pension strategies for retirement. Tim Miller SMSF Education Consultant Miller Super Solutions
T5 Pension strategies for retirement Tim Miller SMSF Education Consultant Miller Super Solutions Extending the client story Sandy s pension commenced in 2013 100% taxable Sandy made contribution in March
More information23/02/2017. Super Reform CGT Relief Explained the Clock is Ticking! Presented by Mark Ellem Executive Manager, SMSF Technical Services, SuperConcepts
Super Reform CGT Relief Explained the Clock is Ticking! Presented by Mark Ellem Executive Manager, SMSF Technical Services, SuperConcepts 1 Session Outline Object of the CGT relief provisions Segregation
More informationSuperannuation contribution splitting
Superannuation contribution splitting 1 TB 09 TECHNICAL SERVICES ISSUED ON 1 JULY 2018 VERSION 1.6 ADVISER USE ONLY Summary Superannuation contribution splitting allows a member to transfer their employer
More informationNATIONAL SUPERANNUATION CONFERENCE
NATIONAL SUPERANNUATION CONFERENCE Session 9B Written by: Lyn Formica Director McPhersons Stuart Forsyth Director McPhersons Presented by: Stuart Forsyth Director McPhersons National Division 25-26 August
More informationStatePlus Retirement Fund
StatePlus Retirement Fund Additional Information Booklet ISSUED 10 NOVEMBER 2018 Issued by State Super Financial Services Australia Limited trading as StatePlus ABN 86 003 742 756, AFS Licence No 238430,
More informationRetained Benefits Maritime Super Division Membership Supplement
Retained Benefits Maritime Super Division Membership Supplement 1 November 2018 Membership Supplement Maritime Super Division Retained Benefits 1 November 2018 About this Supplement The information in
More informationAccumulation Basic Stevedores Division Membership Supplement
Accumulation Basic Stevedores Division Membership Supplement 1 November 2018 Membership Supplement Stevedores Division Accumulation Basic 1 November 2018 About this Supplement The information in this Supplement
More informationQIEC Income Stream INSIDE: Product Disclosure Statement. How to start a. QIEC Income Stream
QIEC Income Stream Product Disclosure Statement Issued 29 September 2017 INSIDE: How to start a QIEC Income Stream Transition to Retirement Account and Retirement Income Account benefits How to invest
More informationSuper Product Disclosure Statement
Local Government Super Product Disclosure Statement Retirement Scheme How to use this Product Disclosure Statement This Product Disclosure Statement (PDS) provides you with important details about the
More informationA guide to managing redundancies
A guide to managing redundancies A fresh start 2016 2017 Regardless of what your next steps might be this guide may help you effectively manage your new financial position better. Contents A fresh start
More informationSuperannuation. Overview. Superannuation Contributions
Superannuation Overview Superannuation is a concessionally taxed structure and long-term savings vehicle designed specifically to accumulate funds for retirement. Superannuation provides a tax effective
More informationFINDING SENSE (AND DOLLARS) IN THE TRANSITIONAL CGT RELIEF ELECTIONS
1 David Barrett, Macquarie Group David Barrett is Division Director, Head of Macquarie Technical Advice Services at Macquarie Banking and Financial Services. With more than two decades of experience in
More informationReliance Super a membership category of Maritime Super Membership Supplement
Reliance Super a membership category of Maritime Super Membership Supplement 1 November 2018 Membership Supplement a membership category of Maritime Super Reliance Super 1 November 2018 About this Supplement
More informationFIDUCIAN SUPERANNUATION SERVICE
FIDUCIAN SUPERANNUATION SERVICE 30 SEPTEMBER 2017 This Product Disclosure Statement (PDS) provides a summary of significant information about the Fiducian Superannuation Service. The PDS contains references
More informationJoel Hewish. B.Bus (Bank & Fin), GDipAppFin, GCertFinPlan, SA Fin
Smart Tax & Financial Strategies By Joel Hewish B.Bus (Bank & Fin), GDipAppFin, GCertFinPlan, SA Fin General Advice The advice contained in this Seminar is general advice only. It has been prepared without
More informationA A fresh guide start to managing redundancies
A fresh guide start to managing redundancies A A fresh guide start to managing 2014 2015redundancies 2013/14 Preparation date 03 March 2014 Issued by The Trustee, MLC Nominees Pty Ltd (MLC) ABN 93 002
More informationBT Portfolio SuperWrap Essentials
BT Portfolio SuperWrap Essentials Information Brochure Personal Super Plan Pension Plan Term Allocated Pension Plan Product Disclosure Statement ( PDS ) The distributor of BT Portfolio SuperWrap Essentials
More informationADVISOR USE ONLY PAYOUT ANNUITY OVERCOMING OBJECTIONS. Life s brighter under the sun
ADVISOR USE ONLY PAYOUT ANNUITY OVERCOMING OBJECTIONS Life s brighter under the sun Overcoming objections Overview > > Payout annuities are a powerful retirement tool and have been an important product
More informationRetirement income getting started
Retirement getting started A regular stream from an account-based or an annuity can be an effective way to fund your retirement. Some retirees may also be eligible for social security benefits from the
More informationFirstTech Super guide. FirstTech was ranked 1st by advisers for Technical Support in the 2011 Wealth Insights Fund Manager Service Survey.
FirstTech 2011 12 Super guide FirstTech was ranked 1st by advisers for Technical Support in the 2011 Wealth Insights Fund Manager Service Survey. This Super guide has been developed to provide you with
More informationCASE STUDY: TRANSITION TO RETIREMENT
Build wealth for retirement Transition to Retirement at a glance Transition to retirement is a strategy available to those who have reached their preservation age but who have yet to retire permanently,
More informationSuperannuation (also refer to summary on page 5)
Tuesday night s Federal Budget contained a variety of measures across superannuation, taxation and retirement income that will affect many of our clients and their financial plans. Please note that these
More informationSUPERANNUATION CONTRIBUTION SPLITTING
SUPERANNUATION CONTRIBUTION SPLITTING TB 09 Technical Services Version 1.6 Issued On 1 July 2018 SUMMARY Superannuation contribution splitting allows a member to transfer their employer and/or personal
More informationSUPERANNUATION CHANGES ANNOUNCED IN THE BUDGET AS CHANGED BY AN ANNOUNCEMENT ON 15 SEPTEMBER 2016 By Trevor Nock
SUPERANNUATION CHANGES ANNOUNCED IN THE 2016-17 BUDGET AS CHANGED BY AN ANNOUNCEMENT ON 15 SEPTEMBER 2016 By Trevor Nock Removal of the work test for those aged 65 to 74 This proposal that was announced
More informationThe Super Brief newsletter
Update on New Regulations and Legislation as at 1st July 2013 As a result of the midyear economic update in June there are a number of policy announcements and Legislation that was intended to be implemented
More informationPENSIONS AT A GLANCE 2009: RETIREMENT INCOME SYSTEMS IN OECD COUNTRIES AUSTRALIA
PENSIONS AT A GLANCE 29: RETIREMENT INCOME SYSTEMS IN OECD COUNTRIES Online Country Profiles, including personal income tax and social security contributions AUSTRALIA Australia: pension system in 26 Australia
More informationSMSF Solutions for Advisers & Accountants.
SMSF Solutions for Advisers & Accountants. 10 June 2017 www.multiport.com.au Multiport Pty Ltd ABN 76 097 695 988 AFS LICENCE NO: 291195 Contents Taking the hassle out of SMSF administration and compliance
More informationLEGISLATIVE AND REGULATORY SMSF CHANGES
YEAR 2018 Superannuation Guarantee Work Test and Contributions Limited Recourse Borrowing Exempt Current Pension Income & Actuarial Certificates CHANGE Government announced it will permit individuals with
More informationewrap Super/Pension Additional Information Booklet
ewrap Super/Pension Additional Information Booklet Issue date: 30 September 2017 This ewrap Super/Pension Additional Information Booklet (this Booklet) has been prepared by the trustee of ewrap Super/Pension:
More informationChange and opportunity: Pre and Post Retirement strategy in focus. Andrew Lowe, Head of Technical Services, Challenger
Change and opportunity: Pre and Post Retirement strategy in focus Andrew Lowe, Head of Technical Services, Challenger The changing legislative environment Retirement income Managing Age Pension impact
More informationAccumulation Plus Stevedores Division Membership Supplement
Accumulation Plus Stevedores Division Membership Supplement 1 November 2018 Membership Supplement Stevedores Division Accumulation Plus 1 November 2018 About this Supplement The information in this Supplement
More informationCSL Super a membership category of Maritime Super Membership Supplement
CSL Super a membership category of Maritime Super Membership Supplement 30 September 2017 Membership Supplement Maritime Super Division CSL Super (a membership category of Maritime Super) 30 September
More informationCASE STUDY: TRANSITION TO RETIREMENT HIGHER INCOME
Build wealth for retirement Transition to Retirement at a glance Transition to retirement is a strategy available to those who have reached their preservation age but who have yet to retire permanently,
More informationContributory Accumulation Seafarers Division Membership Supplement
Contributory Accumulation Seafarers Division Membership Supplement 30 September 2017 Membership Supplement Seafarers Division Contributory Accumulation 30 September 2017 About this Supplement The information
More information1 July 2017 super changes
1 July 2017 super changes The new $1.6m Transfer Balance Cap One of the most significant reforms included in the Government s Super Reform Package will be a $1.6m cap applying to superannuation income
More informationImportant changes and information
Important changes and information September 2017 A summary of the significant changes in the recent Federal Budgets. Federal Budget 2017/18: incentives to invest in superannuation The two main measures
More informationNewsletter June 2017 Vol. 3
October 2016 Vol. 1 Newsletter Capital Gains Tax Relief The changes to superannuation announced in the 2016 Federal Budget have been passed by Parliament. Amongst the changes was legislation which provides
More informationSISFA Webinar 1 - Planning for 30 June May 2017
SISFA Webinar 1 - Planning for 30 June 2017 17 May 2017 Everything we do embodies the passion and entrepreneurial spirit of our clients. Phil Broderick Principal Sladen Legal pbroderick@sladen.com.au 03
More informationSuperannuation year end planning for the 2016/17 financial year
Superannuation year end planning for the 2016/17 financial year The end of the financial year always seems to crop up faster than it should. Given the impending July 2017 superannuation changes, being
More informationAMOU Staff Seafarers Division Membership Supplement
AMOU Staff Seafarers Division Membership Supplement 30 September 2017 Membership Supplement Seafarers Division AMOU Staff 30 September 2017 About this Supplement The information in this Supplement forms
More informationSMSF Pensions 1 Transition to Retirement Pensions. July 2015
SMSF Pensions 1 Transition to Retirement Pensions July 2015 Agenda What is Transition to Retirement? Benefits of TTR pension Reduce work hours and maintain income Boost retirement savings whilst working
More informationHow to Survive and Thrive under the new Super System
How to Survive and Thrive under the new Super System THE NEW SUPER SYSTEM. In my presentation I plan on covering What will the effect be of the 2018 budget Revisiting CGT relief for transfers back to accumulation
More informationTransfer balance cap. Phil Broderick Principal Sladen Legal. SISFA Webinar 24 May 2017
Transfer balance cap Phil Broderick Principal Sladen Legal SISFA Webinar 24 May 2017 Everything we do embodies the passion and entrepreneurial spirit of our clients. Phil Broderick Principal Sladen Legal
More informationLast night s Federal Budget contained a number of proposals that will impact the financial planning industry.
TapIn Flash For Adviser use only 2016/03 4 May 2016 2016-17 Federal Budget Adviser Briefing Last night s Federal Budget contained a number of proposals that will impact the financial planning industry.
More informationUnderstanding superannuation
Understanding superannuation Version 5.2 This document has been published by GWM Adviser Services Limited AFSL 230692, registered address 105-153 Miller St North Sydney NSW 2060, ABN 96 002 071 749 for
More informationSuper and Pension. Additional Information Brochure. Date issued 5 December 2017
Super and Pension Additional Information Brochure Date issued 5 December 2017 Issued by: ClearView Life Nominees Pty Limited ABN 37 003 682 175 AFSL 227683 RSE Licence No L0000802 as Trustee for the ClearView
More information