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If you are taking a pension or income stream from your super fund, be sure you take the minimum amount out of the fund in cash prior to the end of June. There are implications if you have not met the rules around your minimum pension for the year. If you would like assistance understandingRead more

If you are aged between 65 and 74, you must satisfy a ‘work test’ to make personal superannuation contributions. You may have heard the work test was to be abolished as part of other superannuation changes, but it has remained in place. The ‘work test’ requires you to have worked a minimum of 40 hoursRead more

Superannuation reforms start coming into effect on 1 July 2017. These changes may significantly impact the level of contributions you can make to super and the amount you can hold in retirement income streams. Find out if you will be affected by calling our office today

SAVE THE DATE – TUESDAY 28th MARCH 2017 at 6pm. GNS Group will be running a superannuation seminar on the changes. With 30 June marking the final day of the old superannuation regime, you need to act now to make sure you’re compliant. The key changes include: Introducing a $1.6 million superannuation transfer balance capRead more