Superannuation is not like other assets as it is held in trust by the trustee of the superannuation fund. When you die, it does not automatically form part of your...
Read More
We often get questions from clients about what they can and cannot do in their SMSF. Often the questions relate to related party transactions
As a reminder, when concessional contributions are made into your super fund, commonly being amounts paid by your employer from your before-tax income or a personal contribution that you are...
Read More
From 1 July 2018, Australians aged 65 years of age or older are able to make a $300,000 “downsizer contribution” into their superannuation fund, per person, from the sale proceeds...
Read More
Self Managed Super Fund Annual Return All Self Managed Super Funds need to lodge an Self Managed Super Fund annual return with the ATO each year, in order to: - Report...
Read More
Australian Taxation Office Compliance Approach The ATO compliance approach has traditionally focused on help and education. However, the ATO are concerned about the compliance of some Self Managed Super Funds....
Read More
The payment standards contained in the super laws, the sole purpose test and the preservation rules, ensure money in your Self Managed Super Fund is paid to members only when...
Read More