Superannuation Death Benefits – Review succession plans
On 1 July 2021, the general Transfer Balance Cap (TBC) was indexed for the first time to $1.7 million from the original $1.6 million limit which was first introduced on 1 July 2017. On 1 July 2023, the general TBC was again indexed – this time up to $1.9 million. As a result […]
Superannuation News March 2023
Future earnings for super balances above $3m taxed at 30% from 2025-26 The Government has announced that from 2025/26, the 15% concessional tax rate applied to future earnings for superannuation balances above $3 million will increase to 30%. The concessional tax rate on earnings from superannuation in the accumulation phase will remain at 15% up […]