The upcoming increase in the Non‑Concessional Contribution (NCC) cap from $110,000 to $120,000 on 1 July 2025 introduces practical consequences for SMSF trustees—particularly those who have triggered or are considering triggering the bring‑forward arrangement. Below is a technical breakdown of how the contribution mechanics operate under the updated rules, including thresholds, timing interactions and edge‑case considerations….
Running a self-managed super fund (SMSF) can be incredibly rewarding—but it also comes with a fair bit of admin. One area that often causes confusion is tax deductibility. What can your SMSF claim as a tax deduction, and what’s off-limits? Let’s break it down in a way that’s practical, detailed, and easy to follow. Start…
Members who wish to claim a tax deduction for personal superannuation contributions made in the 2024–25 financial year, it is critical to ensure that every prescribed step is completed. Any missing or incomplete step means that the Commissioner of Taxation cannot, under any circumstances, grant an exception. The following key requirements must be met: 1….
One of the key advantages of Self-Managed Super Funds (SMSFs) that is often overlooked is the significance of franking credits linked to dividends from top-tier shares. Through strategic portfolio adjustments, you can maximize the tax advantages for your fund. It’s not very challenging to focus on imputation credits, which mainly come from investing directly in…
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