Category: SMSF
How Can I Set Up A SMSF In 2019?
Self-managed super funds have been subject to enormous change over the last couple of years.
ATO Gets Serious About Super Guarantee Obligations
New data has enlightened the ATO of certain businesses that may not be meeting their superannuation obligations.
Super Guarantee Amnesty Resurrected
Employers that have fallen behind with their SG obligations will have the ability to “self-correct.”
Some SMSF Investors Unaware Of Diversification Importance
Trustees need to ensure there is sufficient cash available to meet the loan repayments and pension payments if members are in the retirement phase.
Late SMSF Lodgement Resulting In No Super Guarantee
If a SMSF is more than two weeks overdue on any annual return lodgement due date, the ATO will change their status on Super Fund Lookup (SFLU).
Increased Concessional Contributions Cap
Super contributions splitting allows you to transfer concessional contributions to your spouse’s superannuation account.
Crackdown On Illegal Early Release Of Super
The tax office’s risk models have recently identified a variety of funds which may be subject to early releases.
Super, Insurance and Exit Fees: The 1 July Changes
New laws prevent superannuation providers from eroding member balances with unwanted or unnecessary insurance and exit fees.
New Superannuation Laws Affecting Your Life Insurance Cover
New laws passed in the Senate may affect members of the self-managed super funds who still keep a small balance in their industry fund for insurance purposes.
Amendments To Retirement Phase For Super
Treasury Laws Amendment (2018 Measures No. 4) Bill 2018 passed both Houses on Tuesday, the 12th of February 2019.
What Expenses Are Allowable Deductions For A SMSF?
The expenses considered deductible by super funds are similar to that of individuals.
Buying Property In A SMSF
This is NOT advice. It’s just a random man down the street sharing his story.