Smarter SMSF

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October 23, 2017  

Episode 23 - Issues and opportunities with a member’s Total Superannuation Balance

October 23, 2017

In this week's episode, Aaron explores how the introduction of the total superannuation balance definition impacts a range of measures including the ability to make non-concessional contributions, eligibility for determining tax exemption using the segregated method and the catch up concessional contribution measures starting on 1 July 2018.

This new definition impacts a range of strategies employed across SMSFs, and in this podcast Aaron discusses how to navigate around key strategies such as recontributions, contribution reserving and the catch up concessional contribution rules.  In addition, he discusses the ATO's approach to the use of reserves as a tool to try and circumvent a member's transfer balance cap and total superannuation balance.