COVID-19 relief for SMSF trustees extended to 2021-2022 SMSF trustees that are financially impacted due to COVID-19 because of extended lockdowns in certain States and Territories will be granted extended relief to cover the 2021-22 financial year. The relief was originally offered by the ATO to SMSFs for the 2019-20 and 2020-21 financial years where […]
ATO Extends COVID-19 Relief Measures For SMSFs Read More »
Why you want to avoid in-house asset complications … Many SMSF trustees are unsure of what to do when their fund is found to have breached the in-house asset rules. There are also some common misconceptions about these regulations that keep resurfacing. Recent ATO statistics on the SMSF sector show the proportion of reported breaches
Does Your SMSF Meet The In-House Asset Rules? Read More »
Is an SMSF right for you? Australians are offered many tempting tax incentives to save for their retirement via the superannuation system. You can choose between superannuation funds that can manage your savings for you or the do-it-yourself option of a self-managed superannuation fund (SMSF). However, managing your own retirement savings is a huge responsibility
Setting Up An SMSF | What You Need To Know… Read More »
Frequently asked questions about self managed superannuation funds In recent years one of the most popular topics our clients want to discuss with us is their eligibility to have a self managed super fund, so we have compiled a list of questions asked by our clients and by the clients of our industry peers. We
SMSF Questions And Answers Read More »
Can I manage my own SMSF? Recently, a self-managed super fund (SMSF) has become almost a fashion accessory and sometimes a status symbol among friends and colleagues. There’s no doubt SMSF provides ‘mum and dad’ investors flexibility and control over their super fund. BUT, is managing your own SMSF the best strategy for non-professional investors? Do non-professional investors
Self-Managed Super Fund – Can You Manage It Yourself? Read More »
Transition to retirement income stream rules Before an SMSF starts paying a transition to retirement income stream (T.R.I.S. or) to a member, the member must have reached their preservation age. Preservation age – the new rules Preservation age is the minimum age that a member can access their preserved super benefits without satisfying another condition
Rise In the Preservation Age For Preserved Super Benefits Read More »