About the Low Income Super Contribution (LISC)
The government also provides a low income super contribution of up to $500 annually for eligible individuals on adjusted taxable ...
Excess Concessional Contribution charge explained
An excess concessional contribution (ECC) charge is applied to the additional income tax liability arising as a result of having ...
Exceeding contribution caps – how is it taxed?
Should an individual exceed their concessional contribution cap, the excess contributions are included in their income tax return and taxed ...
Class software for SMSF administration and online client access
The SMSF Accountant uses specialised software to assist with SMSF administration and accounting. This software is called "Class". Class software means that ...
SuperStream and SMSFs explained
What is SuperStream? SuperStream is a government reform aimed at improving efficiency of the superannuation system. Under this system, SMSFs ...
2015/2016 Contribution Limits
For the 2016 financial year, commencing 1 July 2015, the concessional contribution cap (limit per member) is $30,000. For individuals ...
