Mantis is pleased to announce that we have partnered with defined return fund pioneers Atlantic House to build and distribute an Australian unit trust feeding into their flagship $A2.99 billion Atlantic House Defined Returns Fund.
Media Releases
Transfer balance cap set to increase to $1.9m
The transfer balance cap, which is currently $1.7m, will be increased to $1.9m with effect on 1 July 2023. The increase of $200,000 in the gap is due to indexation.
Australian Eagle Trust Long-Short Fund Feb 2023 report
The Australian Eagle Trust Long-Short Fund returned -0.86% net of fees in February 2023.
One modest change that affects less than 0.5% of all Australians
With these words the Treasurer (and also the Assistant Treasurer and Minister for Financial Services) advised that the Government will impose a special rate of earnings tax of 30% on earnings on super balances of $3m and above.
SUPERCentral announces 2023 estate planning course dates
Online document provider, SuperCentral, continues offering its specialist estate planning course to the advice community with the next online course starting on 16 March.
Australian Eagle Trust Long-Short Fund returns +1.99% in Jan 2023
The Australian Eagle Trust Long-Short Fund returned +1.99% net of fees in January 2023.
October Budget 2022 – dot point summary of super aspects
Previous Government’s unlegislated tax/super measures – to be dumped
• The proposal ((2016/17 Budget) to introduce Limited Partnership Collective Investment Vehicles – has been dumped
• Proposal (2018/19 Budget) to permit SMSFs to adopt 3 yearly audits – dumped
• Proposal (2018/19 Budget) to introduce a requirement for retirement income product providers to report standardised metrics in product disclosure statements – dumped
Back-door benefits from super not permitted
The rules relating to what a self-managed superannuation fund can and cannot invest in are complex and for the uninitiated appear confusing and alien. But there is a basic logic to them.