Contributions / Professionals / SMSF Strategy / Trustee education

How a re-contribution strategy can save you and your family thousands of dollars

A recontribution (or recycling) strategy is a simple yet highly effective strategy in early retirement that when used effectively can save a member or their beneficiaries many thousands of dollars. The strategy involves a process of withdrawing benefits from a member’s superannuation account and then making a non-concessional contribution (NCC) of the same money back … Continue reading »

Contributions / Opinion / Professionals / SMSF

Extended contribution caps to cause more pain with Excess Contributions Tax

The reaffirmation in the Federal Budget of the concessional contribution cap extension for those over 50 years of age where their account balances are under $500,000 is likely to bring further problems to the already growing area of Excess Contribution Tax (ECT). Whilst the government has announced relief in the Federal Budget for excessive amounts … Continue reading »