News

The Summary looks at areas of interest including the state of the economy, the fiscal outlook, superannuation, taxation, and welfare measures.

This one-page Performance Brief Fact Sheet outlines the key research observations in an easy to reference document and outlines that SMSFs outperformed APRA funds over the 5-year period.

2024/25 financial year contribution caps, benefit payments, eligibility and more

Individuals have the right to run them and invest in assets they have confidence in, just as long as they understand and operate within the rules and have an absolute focus on maximising their retirement savings as the sole purpose test stipulates.

The changes proposed by the Labor Government have the potential to use policy settings that have long-term retirement savings consequences for all future Australians to target a small group of wealthy boomers in the short term.

On 28 February 2023, the Federal Treasurer and Assistant Treasurer announced a proposal to impose an extra 30% tax on superannuation benefits of more than $3 million from 1 July 2025.

The Australian Securities and Investments Commission abandons the recommendation of a minimum balance of $500,000 to set up a fund.

An ATO ruling that excludes family members on the death or divorce of their natural parent seems arbitrary in a society where blended families are widespread.

Contributing factors to the growth of Australian millionaires are stock market earnings, property, and other investments.

The High Court decision in Hill v Zuda has given trustees greater certainty around binding death benefit nominations.

It may be time to reflect on where we are in the cycle of things, as the next big thing could be a return to normal

From 1 July 2017, basically anyone could claim a tax deduction for their personal contributions provided they were able to use the tax deduction.