self-managed superannuation fund

recent changes to superannuation legislation

Your Future, Your Super (What It Means For You)

Recent legislative reforms set to change the retirement savings landscape Recent legislative reforms to the superannuation arena are set to change the retirement savings landscape for many Australians. The legislation increases the maximum number of allowable members in self-managed superannuation funds (SMSFs) and small APRA funds from four to six from 1 July 2021. The […]

Your Future, Your Super (What It Means For You) Read More »

Overview of the sole purpose test on SMSF

Sole Purpose Test On SMSF [Overview]

SMSF must meet the ‘sole purpose test’ to avoid penalties When commencing any self-managed superannuation fund (SMSF), there is one over-riding expectation that newly trustees should come back to again and again — that their fund must meet the sole-purpose test. This is not only to maintain access to the various tax concessions available, but

Sole Purpose Test On SMSF [Overview] Read More »

Call Now Button