In December, the Australian Government introduced major reforms to legacy pensions, allowing retirees to transition to more flexible retirement income options. These changes impact market-linked, lifetime, and life expectancy pensions, offering more control but also key financial considerations.
2025 is set to be a pivotal year for superannuation. Get the insights you need to navigate shifting legislation, optimise retirement strategies, and ensure compliance. Staying ahead of these changes is crucial for accountants advising clients.
As another year draws to a close and we wind down into a well-deserved holiday period, we have been reflecting on the superannuation year that was – there were certainly a few big-ticket items causing quite the stir.
Earlier this week, new regulations introduced a five-year amnesty for commuting complying pensions, offering greater flexibility and planning opportunities for members and trustees.
The Victorian Government announced changes to probate fees that came into effect on 18 November 2024.
The May 21-22 Federal Budget proposed an exit strategy for retirees with outdated pension products like lifetime complying, market-linked, and life expectancy pensions. However, since then, progress has stalled, leaving retirees unable to manage these inflexible plans.
Building long-term wealth requires the right structures, not just smart investments. With solid financial frameworks, clients can maximise growth and protect their assets. As financial planners, we can work together to optimise these strategies for lasting success.
The $3m super cap tax passed the lower house late last week, after an overwhelming rejection of proposed amendment to the Division 296 tax.
Are you looking to expand your knowledge of SBCGT? In this article, we address all your burning questions about SBCGT and have compiled clear and concise answers to help you understand everything you need to know.
