Super Technical Updates
Do More Members in a Fund Mean More Opportunities?
June 1, 2018
The Federal Government, on 27 April and again on Budget night, announced a proposed increase to the maximum number of members permitted in an SMSF and small APRA fund from 4 to 6. This proposal will take effect from 1 July 2019, if legislated. This is an exciting development as it provides advisers and clients…
Federal Budget
May 26, 2018
Happy Days for Super in the Budget Treasurer, Scott Morrison, delivered his third Federal Budget on 8 May 2018 and the third budget of the Turnbull government, which is the best budget for super for years. Below is our summary of the Federal Budget superannuation essentials. BUDGET ESSENTIALS 2018 No. of Members in…
Effective Use of Reserves
May 25, 2018
Why is the ATO concerned? The ATO recently outlined their concerns in the SMSF Regulator’s Bulletin SMSFRB 2018/1, with respect of the use of reserves by Self-Managed Superannuation Funds. Why is the ATO concerned? Essentially, the ATO is concerned that SMSFs will use reserves, such as investment reserves, to artificially suppress a member’s…