Government Budget May 2014 Superannuation Commentary

Government Budget May 2014 Superannuation Commentary Government delivers tough 2014-15 Federal Budget Refunds of excess non-concessional contributions, changes to the Super Guarantee and tighter rules on qualifying social security benefits were the main Budget announcements to impact on superannuation this year.  These changes, along with others, should provide a Budget deficit of just under $30 …

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SMSFs face higher future tax bills after super changes

Super changes – Future Tax Bills SMSFs face higher future tax bills after super changes Property laden self-managed super funds face the prospect of higher tax bills following super changes announced by Superannuation Minister Bill Shorten last week. Mr Shorten announced that super income streams over $100,000 will be taxed at a concessional rate of …

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