Are your SMSFs audit and future proof?
July is a great time to start planning for the events of the new financial year whilst also reconciling all matters related to the prior
Read MoreBorrowing in an SMSF – LRBAs and other rules
Section 67 of the Superannuation Industry (Supervision) Act 1993 prohibits, and then makes exceptions for, the trustees of a fund from borrowing or maintaining an
Read MoreSMSFs acquiring assets from related parties
Section 66 of the Superannuation Industry (Supervision) Act 1993 prohibits, and then makes exceptions for, the trustees of a fund acquiring assets from a related
Read MoreDeath Benefits & SMSFs – planning for the inevitable
The Sole Purpose Test makes provisions for the payment of death benefits to a member’s beneficiaries both as a core and an ancillary purpose of
Read MoreSMSF end game – winding up is the final strategy
2020/21 saw the SMSF market record its strongest establishment numbers in over 3 years, with over 25,000 SMSFs established. 2018 was the last time that
Read MoreSMSFs and separating members – how relationship breakdowns impact SMSFs
From 1 April 2022 parties to property proceedings will be able to apply to the family law court registry to obtain information from the ATO
Read MoreSMSFs and the Age Pension
Subject to satisfying eligibility requirements, self-funded retirees may qualify for Centrelink benefits such as the Age Pension or the Commonwealth Seniors Health Card (CSHC). This
Read MoreExcess Non-Concessional Contributions
The non-concessional contributions cap is $110,000 from 1 July 2021, however the ability to contribute to super is dependent on an individual’s Total Superannuation Balance
Read MoreExcess Concessional Contributions
The concessional contribution cap is $27,500 from 1 July 2021. With the ability to carry forward unused concessional contributions over a 5 year rolling period
Read MoreTimeline Changes in Super 2007-2021
LEGISLATIVE AND REGULATORY SMSF CHANGES 2007-2021 To read this fact sheet in its entirety download the PDF version here.
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