Six Member SMSFs – the good, the bad and the indifferent
From 1 July 2021 SMSFs can have up to 6 members in a fund, an increase from the previous limit of 4. Anecdotally this has
Read MoreUnderstanding super terminology
An individual’s Transfer Balance Cap (TBC) and Total Superannuation Balance (TSB) are calculated differently andare separate concepts. When the super reforms of 2017 came into
Read MoreNon-arm’s length expenses – changing old habits
Over time tax law has evolved to disincentives certain income from being diverted into SMSFs or to discourage trustees from engaging in certain practices to
Read MoreDeciding on your SMSF Trustee
Deciding on the type of trustee which will be responsible for your SMSF is important.There are two types of structures available: To read this fact
Read MoreKey Rates and thresholds for 2021/22 Financial Year
Superannuation contributions and benefits are subject to various rates of taxation often linked to indexed thresholds. Similarly, eligibility for various Government schemes are also linked
Read MoreLooking under the hood of SMSF benefit payments
As an industry we have placed a significant emphasis on recent indexation from the view point of contribution opportunities and pension commencements. Whilst not overlooked
Read MoreThe benefits of a special purpose corporate trustee
Deciding on the type of trustee which will be responsible for your SMSF is important. There are two types of structures available: Individual Trustees –
Read MoreSMSF Trustee Structure – What is the process to change it?
The choice to have either individual or a corporate trustee is an important decision to make for an SMSF however it doesn’t need to be
Read MoreSix Member SMSFs
The Treasury Laws Amendment (Self Managed Superannuation Funds) Bill 2020 received Royal Assent on 22nd June 2021. From 1 July 2021, SMSFs can have up
Read MoreBring Forward Contributions
The ability to bring-forward future year entitlements to make non-concessional contributions has been in place for many years now. Prior to 1 July 2020 this
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