Category: SMSF
6 Member SMSFs – the issues and opportunities
From 1 July 2021, the maximum number of members a Self Managed Super Fund can have increased from four to six. Why would you have a fund with six members and what are the implications?
Your SMSF: when expenses and investments are not at arm’s-length
We often get questions from clients about what they can and cannot do in their SMSF. Often the questions relate to related party transactions – that is, interactions between the SMSF, its assets, and its members (or relatives of members). We’ve set out some of the common questions and answers.
The 1 July 2021 superannuation changes
Changes from 1 July 2021 will impact on how much money you can contribute to superannuation and how much you can have in your retirement phase superannuation account.
SMSF Scams on the rise
Scammers love to take advantage of a crisis – now with the COVID-19 pandemic, they are targeting Self-Managed Super Funds (SMSF).
Should cryptocurrency investors have a SMSF?
Self-Managed Superannuation Funds (SMSFs) are currently the fastest growing sector within the superannuation industry.
Setting up a SMSF? Read this first.
Before you do anything, you should get a corporate trustee to run your super fund.
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.