What is SMSF succession planning? Succession planning is a critically important aspect of successfully operating an SMSF, though it is often overlooked. Every SMSF member
It is essential that self-managed superannuation fund trustees make sure that all the accounts and investments are held in the right name. It sounds obvious,
If you have a self-managed super fund (SMSF) with a corporate trustee, then you need to be aware of the new requirement to apply for
The financial impact of COVID saw the majority of SMSFs record either zero or negative returns for the 2019-20 income year, according to the ATO’s
There are a few ways to transfer super to your spouse or partner, but you need to understand the correct way to do so and
The Australian Taxation Office takes a dim view of non-compliance – penalties range from fines to freezing the fund’s assets. While most self-managed super fund
An election year means super reforms could be scrapped with more changes on the cards if there is a change in government. Election years are
During our working life, the focus is on building a superannuation nest egg for retirement. That can seem a long way down the track until
The ATO has released a range of checklists designed to help trustees manage their SMSF through different stages of the fund. The new ATO checklist
Despite market uncertainty in recent years, the next generation of Australians is seeking to take greater control of their financial future by opening SMSFs, according
The government has made new changes in its recent legislation to simplify choice for SMSFs when calculating exempt current pension income (ECPI). Recently
If you’re not across non-arm’s length expenditure rules or whether a six-member fund would suit you, it’s probably time you got specialist advice. While the
Nobody wants to pay a $150,000 + tax bill if they can avoid it, but this is becoming increasingly common among property investors, and is
SMSFs have now seen an over 90 per cent increase in cryptocurrency trading across the year, with advisers urged to start getting acquainted with crypto
The ATO has released the June 2021 quarterly statistical report revealing the total estimated assets of SMSFs have reached just over $822 billion, along with
SMSFs may be able to utilise planning opportunities for shares through the in-specie contribution process and create a better tax environment for the fund position,