How much can I contribute?

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There are two types of contributions that can be made to superannuation. These are known as Concessional (pre-tax) contributions and Non-Concessional (post-tax) contributions. There are contribution caps that determine the

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ATO prosecutes 1,500 for tax & superannuation offences

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The Australian Taxation Office’s (ATO) prosecution of more than 1,500 people for tax and superannuation offences sends a clear warning to tax cheats that they can expect to be caught.

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AFA: Budget 2012 – robbing Peter to pay Paul

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“Overall, last night’s Federal budget was a solid effort with the focus on getting the country to live within its means by cutting $34 billion and returning to surplus. However,

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Government tinkers with superannuation at the cost of consumers

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Following last night’s budget announcement, the Financial Planning Association (FPA) has announced concern that superannuation is being used again as a political tool for government at the cost of consumers. 

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Automatic consolidation of low-balance accounts

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 From January 2014, the ATO will help super funds to auto-consolidate accounts with low balances by providing details of these accounts to members’ active funds. The information will be provided

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Multiport Investment Patterns Survey March 2012

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To get a closer insight into where SMSF trustees invest, Multiport undertakes an analysis of our SMSF’s investments each quarter to look at the up to date asset allocation and

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APRA releases response to submissions on prudential standards for superannuation

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The Australian Prudential Regulation Authority (APRA) has released its response to submissions on the implementation of prudential standards for the superannuation industry. APRA’s response paper details the main issues raised in

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Administrative penalties for SMSF trustees

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Trustees and directors of corporate trustees may have to pay an administrative penalty if their SMSF contravenes superannuation legislation. The size of the penalty will depend on the seriousness of

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Australia’s retirement savings gap

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The Financial Services Council has released research urging the Senate to pass the Government’s legislation to increase the Superannuation Guarantee from 9 per cent to 12 per cent, showing that

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BT Financial Group statement on Productivity Commission inquiry

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One of Australia’s leading superannuation providers today said the Government’s announcement of a Productivity Commission Inquiry was an important step for millions of Australian workers.  BT Financial Group head of

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