RSM Australia

Wealth insights

Farm Succession - How to Generate Income When Retiring From Your Farm

20 September 2017
One question I am often asked by my farming clients when considering farm succession is...

Lorna's Story - Accessing super early in the case of terminal illness

13 September 2017
Being diagnosed with a terminal illness can strike unexpectedly causing uncertainty and stress about the future. Establishing a plan for your next steps can be an important part of putting your mind at ease.

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. 

Superannuation contribution opportunities and traps

10 August 2017
The first issue to be aware of is the reduction in super contribution limits that start from 1 July 2017.

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.

Transfer balance cap reporting

10 August 2017
The introduction of the $1.6m cap on pension accounts will result in additional reporting requirements to the ATO by SMSF trustees.  All SMSF’s that are paying retirement pensions to their members will be required to report these to the ATO, even if the total balance of the members pension is less than $1.6m.

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. 

Self Employed - Boost Your GESB Super with PAYG from the WA State Government

26 June 2017
If you are a former employee of the WA State Government and now earn your living through your own business, you’ve probably been enjoying some of the pay-offs of the contributions rules afforded to you as a result of being a member of the GESB West State Super Fund.

Impending Superannuation Changes

22 June 2017
On the eve of the new financial year let’s take a look back on some of the key Superannuation Changes that will begin to affect people from 1st of July 2017. In some cases, you’ll need to take action well before then.

Aged Pension | Tip #3: Centrelink Benefits of Prepaying Your Funeral

16 June 2017
More than 430,000 Australians have suffered a partial or total loss to their Centrelink Aged Pension due to the changes to the Asset Test that took place in January 2017. You may be now wondering what options you have to legitimately change your circumstances to get back some or all of the loss of your fortnightly Aged Pension.

Pages