Hot Issues
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Accessing superannuation benefits.
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A 2023 Advent Calendar for our clients
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Article archive
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Quarter 4 October - December 2023
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Quarter 4 October - December 2021
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Quarter 4 October - December 2020
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Quarter 4 October - December 2019
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Quarter 4 October - December 2018
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Quarter 1 January - March 2018
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Quarter 4 October - December 2017
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Quarter 3 July - September 2017
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Quarter 4 October - December 2016
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Quarter 4 October - December 2015
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Quarter 3 July - September 2015
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Quarter 2 April - June 2015
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Quarter 1 January - March 2015
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Quarter 4 October - December 2014
Quarter 1 of, 2023 archive
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Capital gains tax
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Using your business money and assets for private purposes
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Comparison: How Long It Takes To Decompose?
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Details of tax calculation for $3m threshold a 'mixed blessing
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Sharing economy reporting regime commences soon
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Later retirement takes oldies back to living in ’70s
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Changes to working from home deduction - started 1 Jul 2022
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Accountants face client backlash over blizzard of tax changes
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ATO figures reveal final 2022 DPN tally
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Residential rental properties
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Did you pay your superannuation guarantee payment late?
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Five new year’s tax resolutions
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ATO issues fresh warning on illegal early access schemes
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Looming changes for the “buy now, pay later” market
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Changes to Australian Business Number (ABN) registration compliance
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100 Most Influential people in the world.
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How crypto assets can trigger CGT tripwires
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ATO targets dodgy deductions for holiday homes
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Tips for small business owners
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About the working from home safety and wellbeing checklist
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Countries with the highest GDP per capita between 1800-2040
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Downsizer age reduction now in force
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Raids stop $33m in tax avoidance, ATO claims
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100A ruling leaves trust decisions haunted by ‘uncertainty’
Accessing superannuation benefits.

Common conditions of release include the fund member having reached preservation age and retired, or commenced a transition-to-retirement income stream; ceasing an employment arrangement on or after the age of 60; being 65 years old even though they haven’t retired; or having died.

.

Alternatively, under special circumstances, some benefits may be available where the fund member: -

•       has terminated gainful employment;

•       is temporarily or permanently incapacitated;

•       is suffering severe financial hardship;

•       meets conditions for compassionate grounds;

•       has a terminal medical condition; or

•       is taking part in the first home super saver scheme.

The Australian Taxation office is aware of scams and improper access, and will continue targeting Self-Managed Super Funds and their trustees.

It is the trustees responsibility to take care and always be prudent.

 

 

 

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