Two leading associations have called for the government’s plan for a tax on super balances above $3 million to be scrapped, as the legislation is tabled in Parliament.
The SMSF Association is urging the Senate crossbench to reject legislation tabled in the Parliament today proposing a tax on the earnings of superannuation balances exceeding $3 million. SMSFA CEO Pet
The SMSF Association and Chartered Accounts ANZ (CA ANZ) have urgently called for the rejection of a newly proposed bill that would double tax on many Australians superannuation earnings.
Assessing the personal impact of any changes to superannuation is complex, writes Chris Balalovski, Partner, Business Services at BDO. Here he explains what is happening with the Transfer Balance Cap this coming financial year.
The SMSF Association is urging the Quality of Advice Review to “set in stone” the need for specialist training for those advising the self-managed superannuation fund sector.