BLB News

The Impact of Transfer Balance Cap Indexation

03/06/2021

Starting 1 July 2021 the transfer balance cap (TBC) will be indexed from $1.6 million to $1.7 million ("Indexed TBC"). Although this change sounds like good news, it does come with quirks not everyone is aware of and not knowing them can lead to adverse outcomes. Jonathan See explains.

Watch out for ATO Penalty Units

03/06/2021

Veronique Farkas reminds us of the "speeding tickets" that the ATO has power to issue to SMSF trustees for more minor regulatory breaches.

What happens when the last surviving trustee of a trust dies?

03/06/2021

Elizabeth Wang knows...

Life's too serious

03/06/2021

With 30 June coming up we thought we'd offer a few simple rules to save your sanity (but not your tax).

6-member funds: is anyone listening?

03/03/2021

The 6-member super fund may be used for more than just big families and their children. Jim Townsend postulates.