Here is a checklist of the most important issues that SMSF Trustees should address with your advisers before the financial year-end ..read more

The ATO online services site, accessible through myGov, has now become a very useful tool for accessing superannuation information. You can look up your superannuation and SMSF information such as contributions for the year to date, carry forward unused concessional contributions, total superannuation balance or transfer balance cap transactions, saving valuable time and minimising the risk of missing important information and making the wrong contributions ..read more

Here is a checklist of the most important issues that SMSF Trustees should address with your advisers before the financial year-end ..read more

The last government announced the revised changes to the age limits for Non-Concessional Contributions from 1 July 2022, allowing them to age 75 without having to meet the work test. Here's how it works in practice. #SMSF #superannuation #contributionplanning #tax ..read more

Depending on the tax components of your Superannuation balance you may leave a nasty tax bill for your ultimate beneficiaries on death. Here, we will review the use of withdrawal and re-contribution strategies, to maximise benefits for eventual beneficiaries and offer some protection against future legislation changes ..read more

Here is a checklist of the most important issues that SMSF Trustees should address with your advisers before the financial year-end ..read more

I openly admit that I am not an expert in choosing properties (indeed my own personal history with property investing is dismal to say the least but improving!). I work on the structure and strategy with my clients and recommend they do their own in-depth property research or lately I have been recommending people use ..read more

It’s Time! Effective1 November 2021 the ATO has implemented new requirements regarding director identification numbers.  The following covers the key changes to be aware of ..read more

In their latest update on the subject the ATO said that COVID-19 continues to have a significant financial effect on SMSFs, particularly in some states or territories where there are re-occurring and prolonged lockdown periods. “As a result, you may still find yourself in a position where you (in your role as trustee), or a related party of the fund, are having to provide or accept certain types of relief, which may give rise to contraventions under the super laws,” the ATO said ..read more

Here is a checklist of the most important issues that SMSF Trustees should address with your advisers before the financial year-end ..read more