High looking for help re new super legislation .
I run a SMSF and last years audit letter had this:
New Regulation around the transfer balance cap (TBC) applies from 1 July 2017. Trustee to ensure to obtain appropriate licensed Financial and tax Advice regarding TBC, CGT relief and cost reset available under new regulations.
Being a proactive sort of guy I've done "not a lot" other than reading ATo site and other blogs & fairly unclear on
1. What appropriate licensed Financial and tax Advice do I really need? I suspect NONE.
2. Main concern with one day to go is should I dump my usual $25k limit from my Family Trust into my super account?
For info I not only run my SMSF but for last few years have also done all the accounts (got sick of paying absorbitant accountant fees) and just pay a cuppla hundred dollars for an online audit .... works brillinatly IMO.
Cheers and hope someone can help?
