Understanding Self-Managed Super Fund Trustees
A Self-Managed Superannuation Fund (SMSF) is a type of “trust” and like any trust must be run by trustee/s. However, before setting up it is
Make the most of your super with a personal deductible contribution
Would you like more flexibility with your superannuation but don’t have the option to salary sacrifice? You can now claim a tax deduction on your
Estate planning health check
With end of financial year compliance now wrapped up, many practitioners are turning their attention to estate planning concerns. Cooper Grace Ward Lawyers partner Scott
Australians not prepared for ‘largest’ transfer in history
Despite being the largest transfer of intergenerational wealth, the vast majority of Australians are not prepared, according to new figures. Perpetual has revealed that 76
Tax Institute calls for delay to enforcement of NALE rules
The Tax Institute has called for enforcement of changes to non-arm’s length expense (NALE) rules to be delayed until 1 July 2020, suggesting the ATO’s
Catch-up contributions can release assets from defined benefit pensions
New catch-up contribution rules can be used to assist clients with large amounts of assets locked in to defined benefit pensions, according to Colonial First
NALI ambiguity dealt with by ATO
Non-arm’s length income (NALI) determinations from the ATO must crop up now and then in SMSF trustee nightmares, particularly in regard to LRBAs. While the
How to pass the sole purpose test
Making sure an SMSF passes the sole purpose test (SPT) is one of the cornerstones of operating a compliant SMSF. One of the most important
