Bring Forward Contributions

The ability to bring-forward future year entitlements to make non-concessional contributions has been in place for many years now. Up until 30 June 2020 this could be done by anyone who was under 65 on 1st of July and met the total superannuation balance test and in certain circumstances the work test, all discussed below. Legislation has now been introduced to increase the age from 65 to 67 years of age, effective from 1 July 2020. At the time of writing the legislation is before the Senate.

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Understanding SMSF Expenses

SMSFs inevitably incur expenses during their operating life. It is important to understand that of the expenses incurred, not all

Apportioning SMSF Expenses

Where an SMSF has retirement phase pension accounts and accumulation accounts there may be a need to apportion expenses to

Unsegregated SMSFs and Actuarial Requirements

As a rule, SMSFs can either use the segregated or unsegregated/proportionate method to determine their Exempt Current Pension income (ECPI).

Implications of Late lodgement of your SMSF Annual Return

Fact Find: The SMSF Annual Return is an important document that covers the income tax return, regulatory information and member

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