SMSF Association urges rethink on NALE
The SMSF Association is urging the Federal Government and the Federal Treasury to review the non-arm’s length expenditure (NALE) rules following an ATO ruling handed
Trustees more open to advice
The latest sector research has shown the economic instability resulting from the COVID-19 pandemic has seen a shift in attitudes toward financial advice, with SMSF
Can an SMSF own employee shares?
Employers are turning to alternative methods of rewarding employees as wage freezes become commonplace during the pandemic. With record-low wages growth of 1.4 per cent
SMSF scams are on the rise: Here’s how to fight back
The growing prominence of SMSFs has made them a ripe target for scammers. More and more Australians are opting to forge their own future with
Balancing discretion and direction approaches for death benefits
With the increasing number of court cases involving death benefits in SMSFs, greater care should be placed in evaluating discretion or direction approaches when it
ATO offers interim six-member solution
The ATO has announced an interim solution for the creation of six-member SMSFs as it finalises the necessary changes to the Australian Business Register (ABR)
NCC bring-forward date confirmed
The Treasury has confirmed how the new bring-forward rules will apply for people aged 65 and 66 on or after 1 July 2020. Last week,
Bring-forward measures and 6-member SMSF bill passes Parliament
The measures to extend the bring-forward age up to 67 and the bill to increase the number of members allowed in an SMSF have passed
