Insights

The past two years have seen significant change in our understanding of what type and how much individuals can have in pension phase within their superannuation funds. With all the hype around the new Transfer Balance Cap and the ATO’s Transfer Balance Account, it’s time to go back to basics on...

Effective 1 July 2017, the Australia Federal Government has introduced a limit to the amount of superannuation savings that any single member can have in what is now called ‘retirement phase’. This limit is referred to as the ‘transfer balance cap’ (TBC), and has been set at $1.6 million, to be...

In this edition, we continue to explore specific aspects of the ‘triple threat’ new accounting standards. This month we illustrate an example of how the financial statements of lessees will be impacted by the new leases standards, IFRS 16 Leases, and we also demonstrate how the new financial...

The end of financial year is upon us, and with it brings frenzied activity as Australians attempt to get their tax and superannuation affairs in order. This article highlights some of the key considerations and actions to ensure your superannuation savings are maximised and strategies are...

Read the May 2018 edition of Accounting News.