RSM Australia

Insights for Individuals

Insights for individuals

Super members and trustees - are you ready for 30 June 2018?

14 June 2018
With the new financial year almost upon us, are you ready for it?  Self-managed superannuation fund (SMSF) trustees have some critical reporting dates coming up. The first of these occurs on 30 June 2018 and thereafter quarterly reporting kicks in. 

ATO's final position on SMSF pension reporting requirements

9 November 2017
With the introduction of the new $1.6m Transfer Balance Cap or limit on pensions, from 1 July 2017, the ATO and self-managed superannuation fund (SMSF) industry have been in discussions about the reporting requirements to the ATO.

Downsizer contributions

10 August 2017
The 2017 federal budget was a quiet one for superannuation with no substantial reforms or tinkering with the system. One reform announced was the ability for amounts to be contributed to superannuation over and above the current limits where individuals are downsizing their primary residence. 

Choosing capital gains tax relief

10 August 2017
A key component of the Fairer Super reforms is the ability for superannuation funds impacted by the reforms to revalue their assets to their current market value for taxation purposes.

Superannuation - there can be traps for the unwary

25 July 2017
In the lead up to 30 June no doubt cash flows and taxation projections were a focus for many SME owners.  One of your plans could have been to contribute a sum of cash into superannuation and claim a tax deduction. 

Superannuation Changes - Your questions and our answers | Part 2

2 March 2017
Following on from Part one of Superannuation Changes -  Your questions and our answers, below we explore some other key questions regarding Capital Gains Tax Relief, Estate Planning and Contribution Issues.  

Superannuation Changes - Your questions and our answers | Part 1

2 March 2017
Below we explore some of the most common questions our team has been asked about the upcoming changes. Part one hones in on concerns around the Transfer Balance Caps.Part Two examines other key areas.

The five new rules of super

6 December 2016
Following extensive debate and conjecture, the 2016 Budget announcements making widespread changes to the superannuation system have been passed. Learn more about the five new super rules...

Budget 2016 for Superannuation

4 May 2016
The Government took a hard, and potentially unpopular line on superannuation tax concessions in the 2016/17 Budget, with changes including:

Budget 2016 - Summary of tax rates and thresholds for individuals

4 May 2016
Resident taxpayers The current 2015/16 tax rates (including the 2% temporary budget deficit levy, but excluding the 2% Medicare levy) are: 2015/16 Income Year

Pages