Meg Heffron

Managing Director of Heffron SMSF Solutions - expert advisers to financial planners, accountants and SMSF trustees for over 20 years.

[Meg Heffron @HeffronMeg]

Supplies at the ready @SMSFCoach #Budget2024

[Meg Heffron @HeffronMeg]

@DTCsmsf @smsmagazine @HeffronSMSF Tks Darin - and in accounting firms, it’s often biz services who bump into super issues / opportunities first as they’re the ones talking to clients. Even clients who don’t have an smsf have super! Those accts something quick and targeted to their needs

[Heffron SMSF @HeffronSMSF]

It’s Heffron’s 25th Birthday! It’s been an absolute privilege to have shared the last 25 years with so many clients and professional colleagues. Thank you for your support. Read more in a special edition of Meg’s Musings: https://t.co/XRyjo4tYeV

[Heffron SMSF @HeffronSMSF]

Are you confident in your knowledge on how GST works in SMSFs? Our experts will answer all the questions you ask about GST registered SMSFs and provide strategies to simplify the administration and gain maximum benefit for your clients. Register now: https://t.co/zVC5LKqtcm

[Meg Heffron @HeffronMeg]

There should be rules against releasing major legislation after a long weekend? But if you're like me and really want to sink your teeth into the $3m super balance tax, here's our analysis of the draft released today.
https://t.co/xJNQlnYIwX

[Meg Heffron @HeffronMeg]

@SMSFCoach @SMSFassoc Thanks @SMSFCoach - it was a great event wasn’t it !

[Heffron SMSF @HeffronSMSF]

Get off to a flying start with an update on what's new for accountants and auditors when it comes to the 2022/23 reporting work. Register for our upcoming webinar here:
https://t.co/TyKoilj5ys

[Heffron SMSF @HeffronSMSF]

Do you find yourself spending hours searching for answers to complex superannuation and SMSF questions? Super Companion has all the SMSF legislation, strategies, information and answers you need. Start a free 14 day trial to see it for yourself: https://t.co/eta4Bl39c7

[Heffron SMSF @HeffronSMSF]

Get off to a flying start with an update on what's new for accountants and auditors when it comes to the 2022/23 reporting work. Register for our upcoming webinar here:
https://t.co/12AMSqa772

[Meg Heffron @HeffronMeg]

@timqfadvice Great article @timqfadvice - I’ve never done that modelling and have always been in the “my kids will pay their own HECS” camp. Helped son#1 pay some in May for the first time given v high inflation - thanks for making that look sensible!

[Meg Heffron @HeffronMeg]

Well I was all ready for budget night and … didn’t really need any liquid assistance

[Meg Heffron @HeffronMeg]

BDBN or not, it's outrageous that this death benefit from Australian Super hasn't been dealt with more quickly. Thank goodness she also had an SMSF. ‘So stressful’: A widow’s struggle to claim husband’s super https://t.co/hmuTWlNT1m

[Meg Heffron @HeffronMeg]

@timqfadvice So proud Tim :) Hope you told her all about co-contributions (or “free money” as it’s now described by my kids)

[Heffron SMSF @HeffronSMSF]

Heffron Super Foundations is designed to quickly upskill staff new to SMSFs and superannuation. Our Online Classroom includes 2 x 3 hour live webinars with live Q&A and 3 months free access to Heffron Super Companion for new subscribers.* Register now - https://t.co/fMPRfOrWL8.

[Heffron SMSF @HeffronSMSF]

We are running another Super Toolkit group demonstration on Tuesday 7th March. To register, click here - https://t.co/kkzjO44BhP. For more information and to see our other scheduled demos, click here - https://t.co/7caHB0xlud

[Meg Heffron @HeffronMeg]

@JeromeFahrer @sterndavidi Absolutely true - my comment was more than it's rare for pension balances to grow so much that they go over the $3m. So for now at least (while the transfer balance cap is only $1.7m / $1.9m from July) it's likely that the formula will work kinda OK. Perhaps not in the future!

[Meg Heffron @HeffronMeg]

@moneyfit365 @TMFScottP Nope - you get a loss you can carry forward. No tax refund. Presumably even if this measure never applies to you again in the future - because you take $ out and fall below $3m.

[Meg Heffron @HeffronMeg]

@JeromeFahrer @sterndavidi Yes - in proportion to TSB but unlikely that $3m all in retirement phase. Say $1.7m pension, $1.7m accumulation ($3.4m balance), paying new tax on 12% of "earnings" (0.4/3.4). Fund still pays 0% tax on 50% of its taxable income as usual (pension account = 50% of the total )

[Meg Heffron @HeffronMeg]

Tax them more. I bet they wear it. But do it fairly. I wrote about an alternative here – still think it’s worth exploring https://t.co/lSTvxGzicm

[Meg Heffron @HeffronMeg]

I’ve never done a thread on Twitter so I’m hoping this works. But I want more characters to comment on the Govt’s proposed new tax on super balances > $3m 1/10

[Meg Heffron @HeffronMeg]

Could go on. But the thing that shits me the most is the commentary around “only 80,000 people” or “they’re rich anyway” or that disgraceful segment on morning TV with someone taking the piss out of Double Bay residents 9/10