The average superannuation balance for Australians aged 45-54 is $151,500 for males and $90,800 for females. Australians aged 55-64 have an average balance of $322,000 for males and $180,000 for females.1 That really is not much. I call the last 10 years of working life the “home run” decade. It is the last chance that […]
LVR
Transitional measures for the $500,000 cap
It seems (based upon a response to a question posed during the course of the campaign) that the Government will introduce transitional measures in relation to this $500,000 cap. The transitional measures will apply in two situations. The first situation is where a super trustee had entered into a contract of sale before 3 May […]
ATO guidelines on safe harbour for related party LRBAs
The ATO has issued its Practical Compliance Guidelines as to what constitutes a “safe harbour” for related party LRBAs. The Guidelines provided guidance only in relation to real property LRBAs and listed shares/securities LRBAs.
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