Opinion
The optimal size for SMSFs when it comes to costs
New research should finally lay to rest that old canard that self-managed super funds (SMSFs) with balances of $200,000 or more are not competitive on
January 13, 2021
New research should finally lay to rest that old canard that self-managed super funds (SMSFs) with balances of $200,000 or more are not competitive on
For SMSFs that report transfer balance account events on a quarterly basis, the next report will be due on 28 January for events that occurred
Investing in certain asset classes or implementing particular structures to do so can result in additional compliance issues for SMSFs. Mark Ellem, head of education
SMSF auditors have been witness to some outlandish expense claims and get frequently asked: “Can an SMSF claim this as a deduction?” One of the most
Further analysis of the running costs of an SMSF has found they can be run for less than $3000 a year at an average cost
lients with discretionary trusts that hold residential land in NSW will need to amend their trust deed to exclude foreign persons as beneficiaries by the
The COVID-19 pandemic has affected everyone’s lives and SMSF trustees are no exception. With Melbourne coming out of lockdown, it seems the worst is behind
The Tax Office has reminded any SMSFs that reports transfer balance account events on a quarterly basis that the report will be due on 28
When advisers hear the word ‘segregation’ in an SMSF context, they typically think of segregation for tax purposes. Broadly, this type of segregation involves calculating
The ATO has flagged that if the bill to increase the number of members allowed in an SMSF is passed before 1 July next year,
A measure from the 2018–19 budget to increase the number of members allowed in an SMSF from four to six has been reintroduced into Parliament,
The ability to have personal control over superannuation investments has remained the key driver behind the establishment of SMSFs and concerns they were being used
The recent change to change to the work test for making contributions to superannuation to age 67 has certainly raised issues with clients making contributions
SMSF clients that have been unemployed for a number of years may be eligible for early release of super, but it is vital they are
There were several important bills passed during the June 2020 parliamentary sitting, none more so than the bill that provides a much needed 12 months
Sometimes it’s true that you don’t know what you’ve got until it’s gone. There will be many lessons learned from this coronavirus pandemic and its