http://www.ampcapital.com.au/ AMP Capital investors is a leading specialist investment manager with over 45 years of experience in Asia Pacific 2011-11-30 The Government’s Mini-budget released yesterday contained a number of superannuation and taxation proposals that will impact the financial planning industry. The proposals are summarised in this update. /research-centre/tapin/2011-Nov-30_TapIn.pdf 2011-11-11 This guide takes a closer look at the criteria required for an SMSF to borrow in accordance with the requirements set out for Limited Recourse Borrowing Arrangements. /research-centre/tapin/2011-Nov-11_TapIn.pdf 2011-11-03 This article provides a summary of the draft legislation to raise the SG contribution age limit. The amending legislation also includes the proposed government low income superannuation contribution payment of up to $500 pa. /research-centre/tapin/2011-Nov-03_TapIn.pdf 2011-08-05 This article provides a summary of the recently issued Draft Regulations specifying the relevant percentage of a TPD premiums that will be tax deductible to a superannuation fund. /research-centre/tapin/2011-Aug-05_TapIn.pdf 2011-08-03 This bulletin provides a summary of the Work Bonus changes and the impact on clients' social security entitlements. /research-centre/tapin/2011-Aug-03_TapIn.pdf 2011-07-29 This bulletin provides a summary of the ATO draft ruling (TR 2011/D3) outlining it's views on when an income stream commences and ceases. /research-centre/tapin/2011-July-29_TapIn.pdf 2011-07-22 This bulletin provides a summary and commentary on the legislative developments relevant to the financial services industry that have recently occurred. /research-centre/tapin/2011-July-22_TapIn.pdf 2011-07-11 This bulletin summarises the key household compensation measures resulting from the proposed Carbon Tax. /research-centre/tapin/2011-June-11_TapIn.pdf 2011-06-30 This publication provides a dedicated snapshot summary of legislation and other technical developments relevant to financial planners providing advice to clients in relation to Self Managed Superannuation Funds (SMSFs). /research-centre/tapin/2011-June-30_TapIn.pdf 2011-06-21 This article highlights the recent Tax Laws Amendments on introducing the TPD Premium deductible percentage inside super and the removal of Low Income Tax Offset on unearned income for minors. /research-centre/tapin/2011-June-21_TapIn.pdf 2011-06-07 This guide contains an overview of the financial planning issues surrounding the transfer of overseas superannuation entitlements to Australia. /research-centre/tapin/2011-June-7_TapIn.pdf 2011-06-03 Each year a number of superannuation thresholds are changed to reflect movements in full-time Average Weekly Ordinary Time Earnings (AWOTE). Thresholds for the 2011/12 financial year have recently been updated. /research-centre/tapin/2011-June-3_TapIn.pdf 2011-06-01 This bulletin contains a detailed analysis of certain proposals, announced in this year's Federal Budget. /research-centre/tapin/2011-June-1_TapIn2.pdf 2011-06-01 This looks at the minor changes to super laws and the removal of Low Income Tax Offset for minors. /research-centre/tapin/2011-June-1_TapIn.pdf 2011-05-11 This updates contains the main points of interest to financial advisers in the 2011 Federal Budget. /research-centre/tapin/2011-May-11_Tapin.pdf 2011-05-03 This guide contains comprehensive description of Superannuation Guarantee requirements and explain the legislation around choice of fund and portability. /research-centre/tapin/2011-May-3_TapIn.pdf 2011-03-31 This publication provides a dedicated snapshot summary of legislation and other technical developments relevant to financial planners providing advice to clients in relation to Self Managed Superannuation Funds (SMSFs). /research-centre/tapin/2011-March_Tapin.pdf 2011-03-21 The Assistant Treasurer has released a consultation paper announcing the government’s intention to introduce amending legislation into Parliament that will clarify recent uncertainty surrounding certain trust taxation matters. /research-centre/tapin/2011-March-21_TapIn.pdf 2011-03-14 This update includes information regarding amending legislation recently introduced into Parliament which will, if passed, increase the flexibility of FHS accounts. /research-centre/tapin/2011-March-14_TapIn.pdf 2011-03-01 The Assistant Treasurer has released a Consultation Paper in relation to the Government's announcement that from 1 July 2012, individuals aged 50 and over with total superannuation balances below $500,000 will be allowed to make up to $50,000 per year in concessional superannuation contributions. /research-centre/tapin/2011-March-1_TapIn.pdf 2011-02-09 This update summarises the range of Federal and State Government assistance packages available to these clients, and also outlines the process for withdrawing super benefits early under the ‘financial hardship’ and ‘compassionate grounds’ conditions of release. /research-centre/tapin/2011-Feb-9_Tapin.pdf 2011-01-17 The purpose of this guide is to provide some discussion surrounding the estate planning opportunities, pitfalls and complexity that arise when dealing with SMSF trustees. /research-centre/tapin/2011-January-17_TapIn.pdf 2011-01-04 In this edition of the TapIn Bulletin, we take a detailed look at the new Paid Parental Leave scheme. Broadly, this scheme provides 18 weeks pay at the National Minimum Wage to the primary carer of a child born or adopted on or after 1 January 2011. /research-centre/tapin/2011-Jan-4_TapIn.pdf 2011-01-04 This Bulletin provides a comprehensive discussion of financial planning issues surrounding retirement villages and granny flat like arrangements. /research-centre/tapin/2009-Oct-19_TapIn.pdf 2010-10-15 Many business owners have insurance cover against damage to physical business assets and professional indemnity insurance. However, for many businesses the most important business asset – the key people in the business are unprotected. Alarmingly, few business owners consider in detail and plan what will happen to the business upon their death or disablement. Relatively few have a formal succession plan in place. This guide considers the insurance needs relating to business owners. /research-centre/tapin/2010-Oct-15_TapIn.pdf 2010-09-30 This publication provides a dedicated summary of technical legislation and other developments relevant to financial planners providing advice to clients in relation to Self Managed Superannuation Funds (SMSFs). This edition covers developments from the September 2010 quarter. /research-centre/tapin/2010-September-30_TapIn.pdf 2010-09-27 The Government co-contribution is a simple and effective way by which eligible individuals can increase their retirement savings. The combined effect of making voluntary superannuation contributions and having them matched by the Government's co-contribution provides a significant boost to an individual's retirement benefits. This guide provides a comprehensive discussion of all aspects of the co-contribution. /research-centre/tapin/2010-Sept-27_TapIn_000.pdf 2010-09-27 In July 2010, new legislation was passed replacing the SMSF instalment warrant exception. Referred to as 'limited recourse borrowing arrangements', this current borrowing exception provides greater clarity and certainty, while focussing on reducing the risks faced by fund trustees. This updated TapIn Guide takes a closer look at the criteria required for an SMSF to borrow in accordance with the requirements set out for 'limited recourse borrowing arrangements'. /research-centre/tapin/2010-Sept-27_TapIn.pdf 2010-08-24 How do you ensure that your clients make the most of their contributions into superannuation? Contributions caps are limits on the amounts of concessionally taxed superannuation contributions a person can make and receive. Understanding contribution caps is important as exceeding them can result in significant tax penalties. In this new comprehensive guide, we review the operation of the caps and highlight some common tips and traps. /research-centre/tapin/2010-August-28_TapIn.pdf 2010-08-11 Salary sacrificing into superannuation is one of the most tax-effective ways to build retirement savings. This comprehensive guide examines the features of an effective salary sacrifice arrangement, the optimal amounts of salary sacrifice and various tips and traps associated with this strategy. /research-centre/tapin/2010-Aug-11_TapIn.pdf 2010-07-23 This article covers legislative developments relevant to the financial services industry that have recently become law or was making its way through parliament before the calling of the election. It also covers relevant rulings that have been issued. /research-centre/tapin/2010-July-23_TapIn.pdf 2010-07-08 The Government released the final Cooper Review report into the governance, efficiency, structure, and operation of Australia’s superannuation system on 5 July 2010. This paper outlines the details. /research-centre/tapin/2010-July-08_TapIn.pdf 2010-06-01 This flash covers changes in a number of superannuation thresholds to reflect movements in full-time Average Weekly Ordinary Times Earnings (AWOTE). These changes are applicable for the 2010/11 financial year. /research-centre/tapin/2010-June-01_TapIn.pdf 2010-05-28 This paper discusses the key aspects to the proposed new Government introduced legislation on superannuation borrowing arrangements and the ATO QandA paper clarifying its position under the current borrowing rules. /research-centre/tapin/2010-May-28_TapIn.pdf 2010-05-12 The 2010 Federal Budget was released last night. The attached TapIn Flash contains the main points of interest to financial advisers. /research-centre/tapin/2010-May-11_TapIn.pdf 2010-05-04 This SMSF Roundup highlights some of the key SMSF issues, as they relate to financial planning, raised by the Cooper and Henry reviews. /research-centre/tapin/2010-May-04_TapIn.pdf 2010-05-03 This report highlights the major Henry Review recommendations that potentially impact the financial planning industry. /research-centre/tapin/2010-May-03_TapIn.pdf 2010-04-14 This covers the views set out in the recently issued and now finalised Taxation Ruling TR 2010/1. While the broader details of this ruling were highlighted in TapIn Flash 2010/2, this bulletin considers in more detail the key confirmations, including the all important Notice of Intent (NOI) requirements and their impact on financial planning advice. /research-centre/tapin/2010-April-14_TapIn.pdf 2010-04-13 This guide looks at the key tax issues relating to superannuation death benefits paid from a complying superannuation fund. It also covers the rules and strategies available regarding death benefit lump sums and pensions. /research-centre/tapin/2010-April-13_TapIn.pdf 2010-04-09 This guide has been updated to 20 March 2010 and outlines the financial planning implications of moving into a hostel, nursing home or extra-service nursing home. /research-centre/tapin/2010-April-09_TapIn.pdf 2010-03-26 This article covers changes in a number of superannuation thresholds to reflect movements in full-time Average Weekly Ordinary Times Earnings (AWOTE). These changes are applicable for the 2010/11 financial year. /research-centre/tapin/2010-March-26_TapIn.pdf 2010-03-09 This article covers the announced increase in deeming rates and the indexation of pension payments effective from 20 March 2010. /research-centre/tapin/2010-Mar-09-TapIn.pdf 2010-03-03 This article covers the recently released taxation ruling TR 2010/1 which explains the ordinary meaning of making a 'contribution' to a superannuation fund for taxation purposes. /research-centre/tapin/2010-Mar-03-TapIn.pdf 2010-02-12 This article covers the government introducing amending legislation to provide for a superannuation clearing house service for small business. The clearing house service will be available to businesses with less than 20 employees from July 2010. /research-centre/tapin/2010-Feb-12-TapIn.pdf 2010-01-15 Fabian Bussoletti, Technical Analyst, Technical and Professional Services, AMP, discusses how the global financial crisis has affected the self managed super fund market. http://digitalinsights.ampcapital.com.au/tapin/video/?mediaid=88 2009-12-17 This provides a summary of the Cooper Review's Issues paper which puts the spotlight on the future direction of SMSFs. The issues set out in the paper are not intended to be exhaustive, with the review calling for submissions before 19 February 2010. /research-centre/tapin/2009-Dec-17_TapIn.pdf 2009-12-04 In this year’s Federal Budget, the Government indicated it was negotiating with New Zealand to establish a trans-Tasman retirement savings portability scheme. In this edition of TapIn Flash, we look at the recently introduced New Zealand legislation to implement the scheme. The Australian legislation has not yet been introduced but is expected in time to allow the portability scheme to commence during the second half of 2010. /research-centre/tapin/2009-Dec-4_TapIn2.pdf 2009-12-04 The Government first announced reforms to the employee share schemes tax concessions in the 2009 Budget. The reforms aim to better target eligibility to low and middle income earners, and to reduce the scope for tax evasion. After responding to concerns and following consultation with the public, the legislation containing modified reforms has now passed through parliament. /research-centre/tapin/2009-Dec-4_TapIn.pdf 2009-12-01 New Australian Life Tables (2005-07) have been released and will apply to all income streams that commence on or after 1 January 2010. These new life expectancy tables must be used from 1 January 2010 when calculating the Social Security “Non-Assessable portion” of an income stream (account based and lifetime income streams only). /research-centre/tapin/2009-Dec-1_TapIn.pdf 2009-11-17 In this edition of the TapIn Bulletin we discuss issues surrounding key person insurance. /research-centre/tapin/2009-Nov-17_TapIn.pdf 2009-11-09 On the 6th of November 2009, the Government announced the establishment of a superannuation clearing house service that certain small businesses could use for the discharge of superannuation contributions from July 2010. /research-centre/tapin/2009-Nov-9_TapIn.pdf 2009-10-19 This Bulletin provides a comprehensive discussion of financial planning issues surrounding retirement villages and granny flat like arrangements. /research-centre/tapin/2009-Oct-19_TapIn.pdf 2009-10-14 This flash covers a media release issued by the government changing the tax deductibility of TPD insurance premiums paid by super funds. /research-centre/tapin/2009_13_Tax_deductibility_of_TPD_premiums_paid_by_super_funds.pdf 2009-09-24 This flash covers further letters to be sent from the ATO to members of superannuation funds who have exceeded the superannuation contribution caps in the 2007/08 tax year. /research-centre/tapin/2009_September_Exceeding_super_contribution_caps.pdf 2009-09-20 Given the size of Australia’s ageing population, financial planners are becoming more involved in aged care planning, particularly in relation to fees, Centrelink entitlements and dealing with the family home. In this bulletin, we outline the financial planning implications of moving into a hostel, nursing home or extra-service nursing home. /research-centre/tapin/2009-Sept-20_TapIn.pdf 2009-08-28 This bulletin provides an outline of the major changes to Social Security and DVA pensions that will come into affect from 20 September 2009. /research-centre/tapin/2009-August-28_TapIn.pdf 2009-07-10 In this edition of the TapIn Bulletin, we examine recently passed legislation that has made a number of changes to the qualifying rules that apply when accessing the CGT small business concessions. Apart from some transitional rules, these changes will generally apply with retrospective effect from 1 July 2007. /research-centre/tapin/2009-July-11_TapIn.pdf 2009-07-06 This Bulletin provides an update on various legislative changes that came into effect on 1 July 2009, rulings and announcements impacting on superannuation, social security, taxation and self managed superannuation funds. /research-centre/tapin/2009-July-6_TapIn.pdf 2009-06-29 In this edition of the TapIn Bulletin, we examine the most important issues to consider before implementing a salary sacrifice arrangement. /research-centre/tapin/2009-June-29_TapIn.pdf 2009-06-15 The 2009 Federal Budget announced changes to superannuation contribution caps. This TapIn Flash updates these superannuation contribution caps as well as some other thresholds that are based on movements in March quarter Average Weekly Ordinary Time Earnings (AWOTE). /research-centre/tapin/2009-June-15_TapIn2.pdf 2009-06-01 The government will be widening the definitions of income used to determine an individual’s eligibility for various taxation and superannuation concessions, and government benefits from 1 July 2009. This Bulletin provides details of these new income definitions. /research-centre/tapin/2009-June-1_TapIn2.pdf 2009-06-01 On Friday 29 May, the Prime Minister Kevin Rudd indicated during a radio interview that the government has no plan to restrict accessibility to superannuation until the proposed new age pension age of 67. We include details of these comments in this edition of the TapIn Flash. /research-centre/tapin/2009-June-1_TapIn.pdf 2009-05-27 The ATO has advised the superannuation fund industry that it has begun writing to fund members who it has identified as having potentially exceeded the contribution caps for the 2007/08 tax year. This edition of the TapIn Flash explains the purpose of these letters and outlines how contributions are reported to the ATO. /research-centre/tapin/2009-May-27_TapIn.pdf 2009-05-25 We take a closer look at the implications the recent Federal Budget will have on voluntary superannuation contributions. We consider the key superannuation contribution changes from 1 July 2009, a summary of the Henry Review, initial observations and a summary of immediate opportunities and longer term implications. /research-centre/tapin/2009-May-25_TapIn.pdf 2009-05-13 As widely expected, the 2009 Federal Budget contained a number of proposals that will impact the financial planning industry. Importantly, the proposals will require passage of legislation before implementation can occur /research-centre/tapin/2009-May-13_TapIn.pdf 2009-05-04 In this edition of the TapIn Bulletin, we discuss a number of Pre and Post 30 June opportunities, issues and actions which should be considered by financial planners. /research-centre/tapin/2009-May-4_TapIn.pdf 2009-03-25 In this edition of the TapIn Flash, we outline various superannuation thresholds which are set to increase from 1 July 2009. /research-centre/tapin/2009-March-25_TapIn.pdf 2009-03-09 In this TapIn Flash, we outline the new upper and lower deeming rates that will be effective from 20th March 2009. We also detail the proposed changes to the Liquid Asset Waiting Period (LAWP). /research-centre/tapin/2009-March-9_TapIn2.pdf 2009-03-09 In this edition of the TapIn Bulletin, we discuss the new rules applying to temporary residents’ superannuation, which will take effect from 1 April 2009. /research-centre/tapin/2009-March-9_TapIn.pdf 2009-03-03 In TapIn Flash 2009/03 (18 February) we advised of the Government’s decision to provide temporary relief from the minimum annual superannuation payment requirements. In this edition, we provide some additional information that has become available via a Government Fact Sheet. /research-centre/tapin/2009-March-3_TapIn.pdf 2009-02-23 In this TapIn Flash, we discuss the legislation that has been introduced into Parliament about widening the definition of 'income' when working out eligibility for various taxation, superannuation concessions and government benefits. /research-centre/tapin/2009-February-23_TapIn.pdf 2009-02-18 In this TapIn Flash, we discuss the Governments recent announcement to temporarily suspend the minimum annual superannuation pension payment requirements. /research-centre/tapin/2009-February-18_TapIn.pdf 2009-02-04 In this TapIn Flash, we outline the five key $950 one-off payments that were announced on Tuesday 3rd February 2009. /research-centre/tapin/2009-February-4_TapIn.pdf