Library

In our library, you will find the latest financial news, valuable insights and ideas, tips and tricks we've learnt over the years and other helpful educational pieces.

Superannuation

Small win for SMSF trustees sets the scene for further Budget review

22 July 2016
Since the handing down of the Federal Budget in May we have been working closely with a number of SMSF advocacy bodies, including SISFA (of which I am a Director and MGD a founding member) and SMSF Owners’ Alliance, to ensure any proposed changes to SMSF policy translate into level-headed fair regulation.

Read more

ATO extends deadline for SMSF borrowing arrangement

14 June 2016
The ATO has announced that it is allowing SMSF trustees additional time to ensure that any limited recourse borrowing arrangements (LRBAs) that their fund has are on terms consistent with an arm’s length dealing, or alternatively are brought to an end. The previously announced 30 June deadline has now been extended to 31 January 2017.

Read more

Federal Budget 2016 – Superannuation Update

20 May 2016
The budget contained a number of important changes to the superannuation system, including retirement income streams and tax changes. The announced changes took everyone by surprise and it is important that you discuss your particular situation with your adviser and how these changes may affect you.

Read more

Taxation & superannuation planning for year end 2015-16

20 May 2016
With 30 June 2016 rapidly approaching, now is the time to review your financial position and consider any superannuation and tax-effective strategies that might be appropriate for you.

Read more

NCC lifetime cap and you

20 May 2016
From 3 May 2016, the amount of non-concessional contributions (NCCs) that a person can make to super will have a proposed cap of $500,000. What does this mean for you?

Read more

Federal Budget 2016

4 May 2016
Two major factors necessarily limited Scott Morrison and Malcolm Turnbull in their first crack at a Federal Budget – our relatively fragile economy, as evidenced by yesterday’s RBA announcement, and the fact that an election will be called within days.

Read more

Federal Budget 2016: superannuation

4 May 2016
Key points on superannuation from the Federal Budget 2016 announcement, including the introduction of the $1.6 million transfer balance cap, concessional cap changes and an ease in the restrictions for tax deductions for personal contributions...

Read more

Rumour has it: pre-Budget super speculation

12 April 2016
With less than a week until the Federal Budget is handed down, the media is alive with speculation as to what changes the Government will impose and, as usual, superannuation is at the forefront of the pre-Budget rumour mill.

Read more

Is your SMSF adviser right for you?

30 March 2016
It’s no secret that SMSFs are regulated by a complex and frequently changing set of laws and regulations making maintaining compliance and optimal operation within this legal framework an increasingly challenging task. This is why many SMSF trustees (or directors of a trustee company) turn to specialists to help guide them through this maze to ensure their obligations are met.

Read more

One smart pre-Budget move you should consider if aged 55* or over (at 30th June 2015)

15 March 2016
It’s that time of year again when pre-Budget media speculation is proving very hard to escape. Every day we are told what the Budget may (or may not!) have in store for us which can be perplexing when considering pre-emptive pre-Budget strategies.

Read more

Senator: unfair to change super tax policy

11 February 2016
Well-respected Liberal National Senator Matthew Canavan has today featured in SMSF Adviser responding to speculated changes to superannuation taxation policy. Senator Canavan said it would be unfair to change the tax arrangements for people’s superannuation balances (or their earnings) as many people have contributed to their fund for many years.

Read more

MGD launches Financial Services Alliance Agreement

6 November 2015
Different regulatory frameworks have historically applied to accountants and financial planners. A new regulatory framework set to be introduced on 1 July 2016 will see accountants and financial planners further aligned with the repeal of the accountant’s exemption.

Read more

Financial System Inquiry: ban on direct borrowing by superannuation funds rejected

2 November 2015
In late 2013 the Federal Government established a Financial System Inquiry to hold a ‘root and branch’ review of Australia’s financial system to help establish the direction for our country’s financial future...

Read more

MGD welcomes rejection of ban on super borrowing

20 October 2015
MGD Wealth has today welcomed the decision by Federal Government to reject a recommendation to remove direct borrowing by superannuation funds.

Read more

Opinion: speculated changes to super

7 September 2015
The broken record of media-fuelled debate about speculated changes to superannuation is still spinning. Sadly, the basis for any such debate is flawed and is counter-productive to engendering confidence within the community.

Read more