Happy 2017 - Year of the Super Reforms

Articles 18/01/2017
Happy 2017 - Year of the Super Reforms

As we start 2017, the reality of superannuation reforms is beginning to set in.  Legislation introducing the changes was passed in November and with July 1 quickly approaching, now is the time to refine superannuation strategies. 

The changes will impact almost everyone, especially those with Self Managed Superannuation Funds (SMSFs).

There are some big questions you should already be starting to ask:

  • Should you be taking advantage of the narrowing window to make meaningful contributions to your SMSF?
  • How does the $1.6 million pension limit (transfer balance cap) apply to your SMSF?
  • What can you do to take advantage of the capital gains tax rules to reset your investments’ cost bases within your SMSF?
  • Do you need to refine your SMSF documentation to avoid potential pitfalls in the future?

We believe the biggest risk is complacency.  The new rules are more complex than they appear at face value, highlighting the importance of receiving specialist SMSF and investment advice.

Redwood can help navigate the complexity of the new rules while exploiting opportunities.

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