Contributions reverted to normal during the 2018 financial year, following an atypical jump in contributions in anticipation of the July 2017 superannuation reforms, the latest
The ATO has highlighted some of the new measures and changes to be aware of when completing tax returns for clients this year. In an
Directly held property makes up approximately 19% of all SMSF assets, indicating that many SMSF trustees consider it’s an important and significant part of a
Your SMSF is a long-term plan. Much can happen during this time including illness, incapacity or death of a member. It is best practice to
With the end of the financial year fast approaching, it is time to start thinking about income tax deductions. Under the new Government changes to
SMSF trustees need to truly understand diversification and better diversify their portfolios. The benefits of a well-diversified portfolio are numerous but the key ones that
As an SMSF trustee, you need to take special care when paying death benefits as you are responsible for ensuring that the payment rules are
The economic impacts of the COVID-19 crisis are causing significant financial distress for many businesses and individuals. If your SMSF has a related party loan
Self-managed superannuation fund (SMSF) members who are looking to split assets due to a divorce will not be allowed to convert their fund into a
The Tax Office has sought to clarify how it will approach concerns from SMSFs that they may be breaching in-house asset rules due to the
The SMSF industry is experiencing rapid change in the wake of COVID-19. The goalposts of commerciality have shifted, as have the reporting requirements for SMSF
SMSFs that own property are facing the prospect of tenants falling behind in their rent payments and their other obligations under the lease due to
People financially affected by the coronavirus pandemic can access some of their super, but what will it cost long-term? Who is eligible to access super
IMPORTANT: Minimum super withdrawal reduced by 50% for retirement phase pensions In response to the COVID-19 pandemic, the Federal Government recently announced that the minimum
It’s time to call a spade a shovel. When the two latest controversies surrounding Self-Managed Super Funds (SMSFs) – single-asset funds (typically property) and the
Self Managed Super Fund trustees are no different to many other Australians – they relish the opportunity to invest in direct property. Australian Taxation Office