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Transfer balance cap: post-30 June 2017 issues
Published on 01 Dec 17 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
The introduction of the transfer balance cap measures led to a frantic amount of activity for self-managed superannuation fund advisers and their clients in the lead up to 1 July 2017. With the pre-1 July 2017 planning and compliance activities now in the rear-view mirror, this article seeks to demonstrate that it is an opportune time for advisers to consider the ongoing issues associated with the transfer balance cap regime. Due to subsequent legislative developments and ATO pronouncements, transition to retirement income streams, broader succession planning issues and dual fund strategies have become key areas of focus. While there is a need for further clarification and potentially for legislative refinement in some areas, it is clear that the transfer balance cap measures are here to stay for the foreseeable future.
Author profiles
Peter Slegers CTA
Peter Slegers, CTA, heads Cowell Clarke’s Tax & Revenue, Superannuation and Private Client practice groups. Peter advises and acts for a wide range of public and private companies and high net worth individuals and families. Peter’s areas of expertise include income tax (as it impacts on business and high net worth clients), capital gains tax, goods and services tax, state taxes, trust law and superannuation law. Peter has published numerous papers on trust structures and has considerable experience in this area. Peter is also a co-author of the Tax Institute’s SMSF Income Stream Guide and Cowell Clarke’s Australian Agribusiness Advisers’ Guide.
- Current at
16 April 2024
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