Six-member fund ideal asset holding structure
The federal government has promoted six-member funds as a retirement income planning tool for families, but this overlooks the investment and borrowing opportunities they can
Pandemic puts investors in charge
In the three months to September 30 last year, the number of self managed superannuation funds increased 5530 as 5607 people decided they wanted to
SMSFs and 50/50 unit trusts
There is an increasing number of SMSFs that invest in 50/50 unit trusts. That is, an SMSF has a 50 per cent interest in a
Reform aims to cut costs and simplify SMSFs
Trustees frustrated by excessive paperwork and expensive advice frameworks will be watching two government initiatives with great interest. There is growing momentum for financial services
‘3 strikes and you’re out’: ATO eyes 80,000 late SMSF returns
The ATO has launched a new compliance campaign aimed at driving the lodgement of SMSF annual returns as it chases 80,000 late returns. Speaking at
ATO outlines guidance on reporting obligation impacts from COVID-19
The ATO has outlined the impacts from COVID-19 on reporting obligations for SMSFs and guidance on the changes ahead for the 2020–21 financial year. Previously,
How to ensure SMSF beneficiaries get their share when a member dies
Ensuring that SMSF funds go where the deceased member wants them to go should seemingly be a straightforward process, but unfortunately, this isn’t always the
Life about to get more complicated for SMSF trustees
Rejoicing at the indexation of the transfer balance cap from July 1 because you’ll get more in tax-free pension phase? How it will work is
