For Trustee’s wishing to transfer commercial properties into a SMSF, the property must first satisfy the definition of Business Real Property. Find out what qualifies here.
Understanding Business Real Property
SMSFs to be Super Stream ready by 1 October
From 1 October 2021, it will be compulsory for SMSFs to also use SuperStream for rollovers of member’s superannuation benefits either into or from a SMSF. Here’s what you need to know.
Non-Arm’s Length Expenditure Ruling
The ATO has now clarified their interpretation of amendments to Non-Arm’s Length Income (NALI) provisions where expenditure is incurred under a non-arm’s length arrangement.
6 member SMSFs now possible – pros and cons
3 years after it was initially announced in the 2018 Federal Budget, 6 member self-managed superannuation funds are now here. Read about the pros and cons.
Indexation Deadlines & Tips
Sit down with Brenda Hutchison and Emma Partenza in this quick 4 minute video, as they discuss issues around indexation deadlines, lodgement issues, and some handy tips.
Interest rate remains steady for LRBA loans
The 2021/22 interest rates have been officially released by the ATO for those funds complying with the safe harbour guidelines in PCG 2016/5 in respect to their limited recourse borrowing arrangements.
Can a SMSF hold Crypto-Currency?
Crypto-currency is an eligible investment for an SMSF. However, there are certain conditions and restrictions trustees must be aware of prior to any investment.
Breaking News – Latest Superannuation Developments
Yesterday we received welcome news that the previously announced Federal Budget measures had passed through the Senate, paving the way for Royal Assent.
EOFY Action Checklist – Superannuation Trustees
With the end of financial year in sight, it is a great time for trustees to start planning and attending to matters requiring attention prior to 30 June. Here’s our checklist of what to do.
Welcome Relief for Pensioners
In welcomed news for Pensioners, the Federal Government announced on Saturday an extension to the current temporary measures of minimum drawdown rates.
Beware of minimum pension requirements
The primary tax concession for an SMSF that pays a retirement phase pension is the partial or potentially full exemption from fund income tax (15%) on eligible assessable income. However, this is put at risk where the minimum pension standards are not satisfied. Find out how to help your clients meet this requirement.
2021 Budget Superannuation Snapshot
The 2021 Federal Budget announced some significant changes to superannuation in the year ahead.
Learn about the key points you should know.