Blog - CS Consulting Group

Is a Self-Managed Superannuation Fund (SMSF) a preferred super savings vehicle?

: Monday, 22 March 2021; Lou D’Orazio

SMSFs

In the last 30 years or so we have witnessed exponential growth of the SMSF sector both in terms of the number of funds and size of their super balances. Today, SMSFs make up over a quarter of close to $3 trillion Australian superannuation system. There are over a million people in SMSFs today and this number is likely to keep rising in the years ahead. Also, their balances tend to get larger as the years roll by.

The Capital Gains Tax exemption rule on your own residence may not be that simple

: Friday, 19 March 2021; Lou D’Orazio

Capital Gains Tax

The CGT exemption rule on the principle place of residence (“PPR”) is still confusing to many people.

Superannuation Guarantee Amnesty Has Been Passed

: Friday, 27 March 2020; Markita Fowler

The Treasury Laws Amendment (Recovering Unpaid Superannuation) Bill 2019 has now been passed. This allows non-complying employers to self-correct any unpaid superannuation guarantee (SG) under a one-off SG Amnesty (the Amnesty).

How to maximise your concessional superannuation contributions

: Wednesday, 17 June 2020; Jacqueline Downing

From the 1st July 2018 an individual with a Total Superannuation Balance of less than $500,000 can carry forward any unused concessional contribution cap of up to $25,000 per annum for up to 5 years.

Stamp Duty Warning

: Friday, 20 March 2020; Sharon Wright

If you are intending on purchasing a residential property via an existing discretionary trust in Victoria or NSW after the 1st March 2020 be warned that you may be up for additional duty if your Trust Deed does not specifically exclude any potential foreign beneficiaries.