Now that the end of the 2022/23 financial year is almost here, superannuation members who are currently receiving pensions need to take certain actions.
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The importance of the Total Superannuation Balance
The Total Superannuation Balance (TSB) of a member calculated as at 30 June each year is pivotal to determining the SMSF’s eligibility for certain super measures as well as contributions that may be made in respect of that member in the ensuing year.
Franking credit opportunity before 30 June for share fund investors
The end of this Financial Year presents savvy Australian share fund investors with the opportunity to top up their franking credits pool and reduce their tax bill.
Pentalpha Investment Management is a boutique Australian share manager with an experienced and successful investment team. Pentalpha has introduced Australia’s first Grannuity (growth annuity) fund via its Pentalpha Income for Life Fund.