BLB News
The Impact of Transfer Balance Cap Indexation
03/06/2021
Starting 1 July 2021 the transfer balance cap (TBC) will be indexed from $1.6 million to $1.7 million ("Indexed TBC"). Although this change sounds like good news, it does come with quirks not everyone is aware of and not knowing them can lead to adverse outcomes. Jonathan See explains.Watch out for ATO Penalty Units
03/06/2021
Veronique Farkas reminds us of the "speeding tickets" that the ATO has power to issue to SMSF trustees for more minor regulatory breaches.Life's too serious
03/06/2021
With 30 June coming up we thought we'd offer a few simple rules to save your sanity (but not your tax).6-member funds: is anyone listening?
03/03/2021
The 6-member super fund may be used for more than just big families and their children. Jim Townsend postulates.