Category: SMSF

SMSF

What Expenses Are Allowable Deductions For A SMSF?

The expenses considered deductible by super funds are similar to that of individuals.

Read more

Property, SMSF, Tax Champion

Buying Property In A SMSF

This is NOT advice. It’s just a random man down the street sharing his story.

Read more

Property, SMSF, Tax

SMSF Property Loans Explained

A valuable structure to become familiar with.

Read more
SMSF

Super Splitting With Your Spouse

Super splitting is important when one member of a couple has a much higher super balance. It is also beneficial for couples that have a large age gap between them.

Read more
Property, SMSF, Tax Champion

How Much Can I Save By Purchasing Property In A SMSF?

Quite a few years ago, I did some calculations on having a geared property within super versus a market linked ungeared fund portfolio.

Read more
SMSF

Important Changes Affecting Your SMSF

The delivery of advice for SMSF changed on 1 July 2016 when specific amendments to the FOFA (Future of Financial Advice) legislation came into effect.

Read more
SMSF

New SMSF Event-Based Reporting Requirements

A new reporting regime for Self-Managed Superannuation Funds (SMSFs) commenced on 1 July 2018. It’s crucial that SMSF members understand the impact of this new reporting framework and get it right.

Read more
SMSF, Tax Champion

Every Three Year SMSF Audits – A Ludicrous About Face

As a Tax Advisor to small businesses that run Self-Managed Super Funds (SMSFs) I am aghast at the way our federal government and, in particular, Canberra bureaucrats treat this sector.

Read more
Community, SMSF

Superannuation Guarantee Amnesty Proposal

A chance to catch up! If legislated, the Amnesty will provide a once-off opportunity for employers to disclose super guarantee (SG) shortfalls which occurred between 1 July 1992 and 31 March 2018 without penalty.

Read more
Blog, Community, SMSF

When Can You Take Your Super?

The cash sitting in your superannuation fund can be tempting, particularly if you are short of cash. But, the reality is there are very few ways you can take advantage of your superannuation once it has been contributed to the fund – even if you change your mind.

The sole purpose test underpins access to your superannuation – that is, superannuation is for the sole purpose of providing retirement benefits to fund members, or to their dependants if a member dies before retirement.

Read more
SMSF

Superannuation what’s changing on 1 July 2018?

Here are the key changes coming up for superannuation on 1 July 2018.

Read more
Community, SMSF

Downsizer Contributions for 65+

From 1 July 2018 older Australians (65 years or over) will be able to contribute proceeds from the sale of their home to their superannuation fund under “Contributing the proceeds of downsizing into superannuation’ measure that became law in December 2017.

Read more