Sentences with phrase «complying superannuation»

If you're eligible, you can apply to withdraw the total amount in your KiwiSaver account, except for $ 1,000 and any amount transferred from an Australian complying superannuation scheme.

Once an account - based pension commences, there is an ongoing requirement for you, as trustee of a complying superannuation fund, to ensure the pension standards in the super laws are satisfied.

S 295 - 465 (2A) inserted by No 43 of 2011, s 3 and Sch 3 item 6, applicable to a complying superannuation fund» s current or contingent liabilities if the fund has the liabilities in the 2011 - 12 income year or later income years.

Section 295 - 485 of the ITAA 1997 allows a deduction to a complying superannuation fund or a complying approved deposit fund when:

The Fund is a large complying superannuation fund that is an accumulation fund, not a defined benefits fund.

In Exhibit 1, we present the 10 - year excess returns (alpha) of 198 U.S. mutual fund managers over a period ending Dec. 31, 2013, from the perspective of an Australian complying superannuation fund.

He contributes $ 20,000 into a complying superannuation fund.

The CGT relief provisions preserve the income tax exemption for capital gains accrued, but not yet realised, by complying superannuation funds and pooled superannuation trusts on CGT assets held throughout the pre commencement period (see paragraph 7 of this Guideline).

The options available to complying superannuation funds when considering CGT relief depend on whether a CGT asset stops being a segregated current pension asset at the cessation time (refer to paragraph 21 of this Guideline), or the fund continues using the proportionate method in the pre-commencement period.»

This Guideline provides guidance on the transitional CGT relief [A1] available for trustees of complying superannuation funds and pooled superannuation trusts because of the transfer balance cap and transition - to - retirement reforms commencing on 1 July 2017 (the CGT relief provisions).

In relation to TRISs, the transitional arrangements are intended to provide CGT relief by enabling complying superannuation funds to reset the cost base of assets to their market value where those assets are re-allocated or re-apportioned from the current pension phase to the accumulation phase in order to comply with the new law.

The CGT relief provisions preserve the income tax exemption for capital gains accrued, but not yet realised, by a complying superannuation fund on CGT assets held throughout the pre-commencement period (see paragraph 7 of this Guideline).

If you're under 55, the exempt amount must be paid into a complying superannuation fund or retirement savings account.

This Ruling provides guidance on the transitional CGT relief [A1] available for trustees of complying superannuation funds and pooled superannuation trusts because of the transfer balance cap and transition - to - retirement reforms commencing on 1 July 2017 (the CGT relief provisions).

Complying superannuation funds calculate their exempt current pension income using the segregated method [18A] or proportionate method.

The SMSF is a complying superannuation fund with a corporate trustee.

This is because complying superannuation funds that continue using the proportionate method, and pooled superannuation trusts, may have different relevant exempt proportions for an income year.

The trustee of a complying superannuation fund or pooled superannuation trust must choose for CGT relief to apply for a CGT asset in the approved form.

In relation to TRISs, the transitional arrangements are intended to provide CGT relief by enabling complying superannuation funds to reset the cost base of CGT assets to their market value where those assets are re-allocated or re-apportioned from the current pension phase to the accumulation phase in order to comply with the new law.

They are the only members of their SMSF, which is a complying superannuation fund with a corporate trustee.

[3] Alternatively, the values used to calculate the proportion of exempt income that a complying superannuation fund or pooled superannuation trusts may be adjusted.

A complying superannuation fund that continues using the proportionate method throughout the pre commencement period, or a pooled superannuation trust has three options available when choosing to apply CGT relief.

Complying superannuation fund continues using the proportionate method in the pre-commencement period, or pooled superannuation trust

A complying superannuation fund using the segregated method classifies its CGT assets as either segregated current pension assets or segregated non-current assets.

If you make contributions to a complying superannuation fund or a retirement savings account (RSA) on behalf of your spouse (married or de facto) who is earning a low income or not working, you may be able to claim a tax offset.

the contributions must be made to a complying superannuation fund or a retirement savings account on behalf of your spouse

However, subsection 23 (2) provides for a reduction of the charge percentage according to a formula where the employer has made contributions to a Retirement Savings Account or to a complying superannuation fund other than a defined benefit superannuation scheme for the benefit of that employee.

Not exact matches

A superannuation income stream will not be in the retirement phase in an income year if a superannuation income stream provider has failed to comply with a commutation authority in respect of a member's transfer balance cap.

To prepare for the transfer balance cap reforms commencing on 1 July 2017, individuals may need to reduce amounts currently supporting superannuation income streams to comply with the new requirements.

You may only transfer retirement savings between a complying APRA - regulated superannuation fund and a KiwiSaver scheme.

This will be binding on the fund trustee as long as the nomination complies with superannuation legislation, and the benefit is paid to somebody who is your dependant under the law, or to your estate.

CGT relief is provided because a member reduces the value of their superannuation income stream before 1 July 2017 to comply with the start of the transfer balance cap reforms.

Usually an SMSF would lose its complying status if it stopped being an Australian superannuation fund.

If the company doesn't pay the super on time to a complying fund or retirement savings account, they will have to lodge a superannuation guarantee charge statement and pay the charge to us.

A superannuation provider will not comply with the compulsory cashing requirement if it allows the deceased member's superannuation interest to remain in the accumulation phase after a time when it became practicable to cash the deceased member's superannuation interest.

In some circumstances a failure to comply with a requirement in the taxation laws or the rules and standards under which a superannuation income stream is paid during an income year results in the superannuation income stream ceasing at the commencement of the income year.

In certain circumstances a superannuation income stream may cease to be a superannuation income stream because it has failed to comply with the rules or standards under which it is provided.

This Practical Compliance Guideline sets out a practical administrative approach to assist self - managed superannuation funds comply with the Superannuation Industry (Supervision) Regsuperannuation funds comply with the Superannuation Industry (Supervision) RegSuperannuation Industry (Supervision) Regulations 1994.

(2) The right under section 5 to equal treatment with respect to employment without discrimination because of sex, marital status or family status is not infringed by an employee superannuation or pension plan or fund or a contract of group insurance between an insurer and an employer that complies with the Employment Standards Act, 2000 and the regulations thereunder.

(2.1) The right under section 5 to equal treatment with respect to employment without discrimination because of age is not infringed by an employee benefit, pension, superannuation or group insurance plan or fund that complies with the Employment Standards Act, 2000 and the regulations thereunder.