Superannuation changes for the new 30 June 2022 financial year
We are happy to provide the following list of changes to Superannuation for the current 30 June 2022 financial year: Concessional Contributions The concessional contribution cap has moved to $27,500, the cap was previously $25,000. Non-Concessional Contributions The non-concessional contributions cap has moved to $110,000, the cap was previously $100,000. To make non-concessional contributions your […]
SMSF Property Valuations
By Daniel Shaw The ATO recently provided guidance on the types of evidence a trustee can use when valuing the property holdings in an SMSF. Prior to 1 July 2012, trustees could provide a valuation for SMSF assets every three years. However, they are now required to annually report the market value of assets with […]
