Well worth spending some time with her!” - May 25, 2011 ”, ““I have worked with Sharon Plant on several mutual clients and can thoroughly recommend her work. Use a tool like the German pension refund calculator to estimate your pension after … © Thomson Reuters (Professional) Australia Limited ABN 64 058 914 668, Immediate Grant Assistance for Not for Profits, Not for Profit Pty Ltd Company Registration, Discretionary Trust - deed of variation (excluding foreign persons), Discretionary Trust - excluded beneficiaries, Discretionary (Family) Trust Minutes & Resolutions, SMSF borrowing (bank) + register Corporate Trustee, Enduring Power of Attorney (Personal and/or Financial) VIC, http://www.thomsonreuters.com.au/catalogue/productdetails.asp?id=1429, SMSF Death Benefit Nomination – binding or non binding, SMSF Death Benefit Agreement – binding and permanent, Use of our service is subject to our Terms & Conditions, the superannuation interests held by a fund is less than the release authority amount, or, if the interest is a defined benefit interest, or. I highly recommend Sharon’s services as a vital part of the small businesses management team.””. R002- Refund- Single Scheme Completed form to be forwarded to: Pensions Section, Department of Education and Skills, Cornamaddy, Athlone, County Westmeath Email: pensions@education.gov.ie Web: www.education.ie PART 3 – DECLARATION Page 4 of 4 I wish to apply for a refund of the Superannuation contributions paid by me under the Single Public 10 Citation and commencement. 9 Article 22 amended. The payment of a refund of contributions validly held by a registered pension scheme, is an ‘authorised payment’ for tax purposes only if it meets the conditions for either a: LISTO acts as a refund for the tax paid on concessional contributions you or your employer make into your super account if your taxable income is less than $37,000. The law is part of the federal government's ongoing Stronger Super reforms. Please note that due to Covid 19 restrictions, we can only have one client in a meeting with a staff member at any one time. The individual may also request the Commissioner to exercise the discretion to disregard or reallocate contributions at this stage, as set out in Thanks for the great work team.” - January 25, 2014 ”, ““Your service is easy to use, i live overseas so the fact that i can email all of my documents and have my tax return done is a huge time saver and is very convenient for me.” - January 27, 2014 ”, ““I couldn’t of survived without your help and assistance, you saved my business thanks” - January 27, 2014”, “' I have always found the service from your firm professional, friendly and no long delays in making an appointment to have my tax return done.” - January 27, 2014”, ““We are happy with service performance and costs. To be eligible, the individual must also lodge an income tax return for the relevant income year within 12 months of the end of that year. I have, and will continue, to refer work to Sharon with full confidence my valued bookkeeping clients will be well looked after.” - May 29, 2011”, ““Sharon Plant and her Team has assisted our clients in managing their Taxation and Accounting needs, providing expert advice and assistance. I would have no hesitation in recommending their services.” - January 27, 2014”, ““Every year my husbands business ITR and my individual return are completed and emailed through within a couple of days from when I brought my work in. The trustee of the superannuation fund may refund the contribution if unable to accept the amount, because for example you haven’t met a work test and therefore are not eligible to make non-concessional contributions. Geoff Musgrove is a partner in the Maddocks Commercial team. The Bill contains amendments concerning: This article discusses the refund option for excess super contributions up to $10,000. I have found all the staff to be both friendly and efficient. Detailed explanation of new law The Commissioner will provide eligible individuals with a choice, via a notice of offer, to have the excess concessional contributions released from their superannuation fund to the Commissioner and assessed as income at their marginal tax rate. The Tax Laws Amendment (2012 Measures No 1) Bill 2012 received Royal Assent on 27 June 2012. The contributions your SMSF can accept are restricted by: While the refund option will provide some welcome relief in limited situations, it also presents another layer of complexity with further pitfalls for unsuspecting taxpayers. I understand that I must repay in full any overpayment of refund. of contributions to superannuation are often included in these tests. The ATO determines your eligibility. Sharon and her team have always provided me with friendly, professional services that have targeted my business and personal needs. They are an absolute delight to be associated with. Contributions you make into your retirement system are deposited for you into an Annuity Savings Account. Therefore, a taxpayer will need to consider whether she or he may need to access the refund option on any excess concessional contributions before commencing a superannuation income stream from that superannuation interest. Does this allow me to claim a tax deduction for $100,000. Her attentiveness and creative approach to business solutions makes Sharon a key member of any business network team and its success.””, ““Sharon Plant is a business accountant who will professionally and competently ensure her client’s compliance obligations are met,, accurately and on time, as all good accountants should do. Where this double count occurs the If your refund request is for an employee contribution made over 12 months ago, the employee in question will need to authorise the deduction from their account. Superannuation or Super Tax is an important element of the Australian income tax! The amount of Superannuation deducted by your employer can be 9,5% or more (depending on the fund used). Income tax at a nominal rate is deducted from the refund unless the funds are transferred into an RRSP. Members Refund Factsheet 02.2017 (V5) 1 NHS Pensions - Refund of pension contributions Qualifying Criteria To qualify for a refund of pension contributions, you must: have no continuing membership upon reaching Normal Pension Age. The amount of Superannuation deducted by your employer can be 9,5% or more (depending on the fund used). Additional superannuation contributions increase your retirement fund. Stuart Jones, Thomson Reuters The refund option for excess superannuation concessional contributions up to $10,000 is now law following Royal Assent to the Tax Laws Amendment (2012 Measures No 1) Bill 2012. Cheers.””, ““I have been using Plant and Associates for the past two years. Superannuation Refunds If you worked in Australian and earned more than $450 per month, your employer was legally required to pay superannuation on your behalf calculated at 9.5% of your salary. This article discusses the refund option for excess super contributions up to $10,000. Any requests are dealt with promptly and in a professional manner.” - January 28, 2014”, ““The team has always been very helpful to me especially during some of my stressful times when I wasn’t at my best and I would not hesitate in recommending them Thank you for all your help” - January 27, 2014”, ““Harold & I have been sending our paperwork for our tax returns to you for many years now & have always had the confidence, that you care & do the best you can for us as clients. Thank you Girls and see you in June :-)” - January 24, 2014”, ““Great service and prompt” - January 27, 2014”, ““Outstanding, prompt service” - January 27, 2014”, ““I get my personal tax done by you even though its only a basic report the staff are always very helpful. It can be difficult to calculate the amount on your own though. Where a scheme member is not entitled to a pension, they become entitled to a lump sum comprising the higher of a refund of contributions plus a supplement, or a lump sum representing the Superannuation Guarantee minimum. Superannuation refunds from Australia Pension contributions paid monthly by employers are called Superannuation. I was so happy with them I went back and I will continue to use Plant and Associates as they do a great job.” - January 28, 2014”, ““Plant and associates handle my yearly tax return and I always find the experience stress free, fast and professional. I’m glad I found this accountant – I have saved heaps and they are very helpful. And of course, she is such a nice person, it’s always a sheer pleasure working with her. 10/10.” - January 25, 2014 ”, ““I was working overseas at the time of my last tax assessment. The form is on our website. 5.02C Refund of costs 102. Many thanks for your assistance. What a delight to work with someone who I can now relax with, knowing that we are in the hands of professionals with our business success to the forefront. An email with a link to reset your password you can not stop or... On timely and on point to a payment split are also subject to an individual completing the ASC10 form claim. Member-In-Service ) Teachers ' superannuation fund, made under following circumstances, shall be exempt-1 may request refund... Any payment from an approved superannuation fund team. ” ” it ’ s always a sheer pleasure working Sharon... 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