Inflation figures confirm TBC won’t be indexed in 2020
SMSF practitioners can breathe a sigh of relief following the release of official inflation figures for the December 2019 quarter, which did not reach the
What expenses can an SMSF deduct?
Self-managed super fund (SMSF) expenses can be tax deductible provided that they comply with Australian taxation legislation. It’s important to understand that SMSFs should only
Retirement income worry: Who worries and why?
Most older Australians – 53% – worry they’ll run out of money in retirement, research by National Seniors Australia has found. The survey also found
What type of dishonesty disqualifies a person from having an SMSF?
This article examines the nature of disqualification and what convictions can preclude a person from forever being an SMSF trustee/director. Given the serious consequences of
SMSF-specific education crucial
Advisers wishing to provide SMSF advice should be required to complete an SMSF-specific qualification, the SMSF Association (SMSFA) has said. In its budget submission for
SMSFA calls for phase-out of limited licensing
The SMSF Association has called for the phasing out of the limited licensing system for accountants, saying it forces SMSF clients to pay fees that
Catch-up concessional contributions
It’s been a long time coming but members are finally able to use the catch-up concessional contribution rules for the first time this year (2019–20).
SMSF lifestyle asset breaches under the microscope
The ATO has indicated it will be taking a closer look at lifestyle assets such as marine vessels, fine art and high-value motor vehicles in
