Downsizer Contributions

Jun 14, 2018

From 1 July 2018 the new ‘downsizing’ into superannuation rule will be able to be used. For those that meet the criteria, this could be used to top up your super and assist with your retirement plans.  This ‘downsizer’ rule allows those that are over 65 and sell their main residence to contribute $300,000 of... View Article Read More

Important changes to Small Business Superannuation Clearing House

Feb 9, 2018

The ATO Small Business Superannuation Clearing House (SBSCH) is going through some major changes in February 2018. We have prepared a summary on the changes and how it might impact your business:   The current SBSCH system will be available to make super guarantee payment up until close of business Monday 19 February 2018 There... View Article Read More

Primary Production Seminar

May 22, 2017

Roberts & Morrow are hosting a Primary Production Seminar on Thursday 25 May at 3:00pm. For further details please check out the invitation. Read More

Stamp duty exemption for transfers of farm land out of SMSF’s

Mar 28, 2017

A bill is currently progressing through NSW Parliament that, if enacted, will broaden the application of the exemption for transfers of farm land. There are two key changes proposed that would result in the exemption applying to transfers of primary production land in the following scenarios: 1. Where the transferor is a SMSF and the transferee... View Article Read More

Super contributions cap changes: what do they mean for you?

Mar 28, 2017

The super reforms introduced in the 2016 Federal Budget are set to start coming into effect from 1 July 2017. So what are the changes to the super contributions caps, and how will they affect your savings. Non-concessional contributions cap set to fall For most super savers, one key change is the reduction in the... View Article Read More

Recent changes to superannuation rules

Dec 2, 2016

On Wednesday 23 November 2016 the Government’s superannuation legislation was passed by the Parliament making the superannuation changes it originally announced in the 2016 Federal Budget law. Changes in the legislation that need to be considered include; lower contribution limits, the new $1.6 million balance transfer cap, a lower income threshold for increased contributions tax... View Article Read More

Oliver’s Insights – Five ways to help manage the noise and turn down the worry list

Oct 26, 2016

Dr Shane Oliver, the AMP’s Chief Economist and Head of Investment Strategy and Economics, is responsible for AMP Capital’s diversified investment funds. He also provides economic forecasts and analysis of key variables and issues affecting, or likely to affect, all asset markets. Click here to read some of his latest insights into the benefits of maintaining... View Article Read More

Postcodes with the most lost super

Oct 1, 2016

According to ATO data released in August 2016, $11.7bn is sitting in lost super accounts. Super is considered ‘lost’ when a fund is unable to contact the individual and hasn’t received a contribution to an account for 5 years. The ATO reports that the postcode with the highest amount of lost super, totalling $49m, is... View Article Read More

The deadline for small businesses to be SuperStream compliant is drawing near

Sep 30, 2016

The next due date for quarterly SGC super contributions is 28 October 2016 and you need to be SuperStream ready to make this contribution. What Are The New Requirements? Under the new SuperStream system, the contribution information and the payment must be submitted electronically. Cheques will no longer be accepted as a method of payment.... View Article Read More

Superannuation policy up in the air

Jul 22, 2016

The main superannuation policy changes proposed by the Coalition going into the recent election are summarised below. The most controversial of these changes is the introduction of a lifetime non-concessional contributions cap of $500,000 that includes any non-concessional contributions made by individuals from 1 July 2007. This has angered many who have made plans for their... View Article Read More