Total Superannuation Balance

Tax professionals can now request Total Super Balance via Portal

The ATO says that tax professionals can now request the Total Superannuation Balance and transitional non-concessional bring-forward cap information for clients via the Tax Agent Portal. “You can now request information to support your clients in understanding their superannuation balance position and make appropriate contribution decisions,” said the ATO. This information… Read More »Tax professionals can now request Total Super Balance via Portal

LRBAs to be included in Total Super Balance and Transfer Balance Cap

Limited Recourse Borrowing Arrangements (LRBAs) will be included in the calculation of the Transfer Balance Cap and Total Superannuation Balance, if an exposure draft released by Treasury for consultation is legislated. Treasury says the exposure draft, Treasury Laws Amendment (2017 4 Measures No. 2) Bill 2017: limited recourse borrowing arrangements, includes… Read More »LRBAs to be included in Total Super Balance and Transfer Balance Cap

ATO finalises LCG 2016/12 Super reform: Total Superannuation Balance

The ATO has finalised LCG 2016/12 Superannuation reform: total superannuation balance. This LCG is the latest to be finalised, after being released as a draft for consultation, relating to the superannuation changes legislated late in 2016. The ATO recently also finalised LCG 2016/8 Superannuation reform: transfer balance cap and transition-to-retirement reforms: transitional CGT… Read More »ATO finalises LCG 2016/12 Super reform: Total Superannuation Balance