TapIn technical updates

Increase in social security deeming rates and indexation of pension payment rates

(9 March 2010)

This article covers the announced increase in deeming rates and the indexation of pension payments effective from 20 March 2010.  

Superannuation 'Contribution' taxation ruling

(3 March 2010)

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.  

Superannuation clearing house

(12 February 2010)

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.  

Digital INsights: Self managed super funds and the global financial crisis

(15 January 2010)

Fabian Bussoletti, Technical Analyst, Technical and Professional Services, AMP, discusses how the global financial crisis has affected the self managed super fund market.  

Cooper Review puts the spotlight on SMSFs

(17 December 2009)

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.  

Reforms to the taxation of Employee Share Schemes

(4 December 2009)

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.