Superannuation Yearend Planning
As we draw closer to 30 June 2020 it is important to consider tax planning strategies as well as other administrative duties for your money in superannuation. Contributions Concessional contributions Concessional contributions cap for the 2020 FY is $25,000 and the deposits must be received into the Super Fund prior to 30 June 2020. When […]
What is TBAR?
‘TBAR’ stands for transfer balance account report and is a document notifying the ATO when a Fund member has triggered a transfer balance account event in relation to their transfer balance cap. The transfer balance cap applies from the 1st July 2017 and limits the total amount of superannuation that is transferred into retirement phase […]
