Fact Find

Enjoy access to a wide selection of information and fact sheets relating to various aspects of SMSF admin and compliance.

Latest

SMSFs and the Age Pension

Subject to satisfying eligibility requirements, self-funded retirees may qualify for Centrelink benefits such as the Age Pension

From 1 July 2017 a cap was introduced to limit how much can be transferred to a

The non-concessional contributions cap is $110,000 from 1 July 2021, however the ability to contribute to super

The concessional contribution cap is $27,500 from 1 July 2021. With the ability to carry forward unused

LEGISLATIVE AND REGULATORY SMSF CHANGES 2007-2021 To read this fact sheet in its entirety download the PDF

An individual’s Transfer Balance Cap (TBC) and Total Superannuation Balance (TSB) are calculated differently andare separate concepts.

Deciding on the type of trustee which will be responsible for your SMSF is important.There are two

Superannuation contributions and benefits are subject to various rates of taxation often linked to indexed thresholds.  Similarly,

Deciding on the type of trustee which will be responsible for your SMSF is important. There are

The choice to have either individual or a corporate trustee is an important decision to make for

Six Member SMSFs

The Treasury Laws Amendment (Self Managed Superannuation Funds) Bill 2020 received Royal Assent on 22nd June 2021.

The ability to bring-forward future year entitlements to make non-concessional contributions has been in place for many

SMSF Residency

SMSF’s must be ‘complying’ to ensure they attract the tax concessions they are known for. An SMSF’s

Housing affordability has long been an issue in Australia. As part of the 2017 Budget, the government

The First Home Super Saver Scheme (FHSSS) was introduced by the government to deal with housing affordability

Where a taxpayer has a spouse with a low income or who is not working and under

A deferred contribution allocation strategy, often referred to as contribution reserving, enables a member to bring forward

The standard concessional contribution cap, the limit for concessionally taxed employer and personal deductible contributions, remained at

The General Transfer Balance Cap (GTBC) was introduced from 1 July 2017 and is a cap on

With many trustees citing ‘control’ as one of the primary reasons for establishing an SMSF, there are

We all recognize the need for a will when we begin to plan for our future and

Cryptocurrency is a term used to describe digital assets used as a medium of exchange. The records

While an SMSF offers a number of benefits and can be a great way to grow your

With over 590,000 SMSFs controlling over $760 billion in assets, it is obvious many Australians are opting

There are different types of investments that an SMSF can hold and precious metals are one of

SMSFs inevitably incur expenses during their operating life. It is important to understand that of the expenses

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

As a rule, SMSFs can either use the segregated or unsegregated/proportionate method to determine their Exempt Current

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

2021 Annual Trustee Plan

It’s the New Year – time for new resolutions and planning the year ahead. For SMSF trustees,

Alternate Trustees for SMSFs

It is generally well understood that each member of an SMSF must be an individual trustee or

Work Test Exemption

Depending on a member’s age, the work test is a key test to be contemplated when making

Reversionary Pensions

A member’s estate planning objectives should be taken into account when commencing any new pension. If a

GST and SMSFs

Goods and services tax (GST) is a tax of 10% on goods and services sold within Australia.

Fact Find: Over time tax law has evolved to disincentivise certain income from being diverted into SMSFs

Proper planning should be undertaken and consideration given to how personal withdrawals are treated each year. Depending

It is a legal requirement that all SMSFs record and report all assets at market value. Failure

An important consideration for your superannuation and estate planning is who you would like to receive your

UK Pension Schemes

The relationship between Australian superannuation funds and UK pension schemes has been a complicated one for a

Transfer Balance Account Reporting 1. What is Transfer Balance Account Reporting? The 2016 budget announcements introduced three

Site tracking connects your marketing and sales process to your website activity by tracking the webpage visits made by contacts in “real-time”. Provides deeper visitor details when using conversations.