The superannuation reforms are progressing towards their 1 July 2017 commencement date. This event covered the following:
- what strategies can be applied prior to the proposed reforms being implemented (time left to take action is quickly ticking away)
- where each proposal is up to with draft legislation, fleshing out practical implementation
- what concessions there are to the $500,000 lifetime cap including CGT relief, personal injury, LRBA and pre-budget contractual undertakings
- the impact of the $1.6 million balance cap on a couple and their succession planning on death of the first spouse
- why structuring a related party borrowing under the ATO safe harbour provisions might become more popular.