Case Study – Smith Superannuation Fund John Smith is the sole member of the Smith Superannuation Fund At 30 June 2017 the fund has $1.2m in total assets (at market value) The fund owns 100% of the units in Smith […]
Ever wondered what happens in the unfortunate event of a member in an SMSF passing away? There are a few different paths that the benefits can be directed to, one of which is a death benefit being paid out. A […]
Taking out a pension before the age of 60 can often result in the fund being subject to higher tax rates… but not always. Taking out lump sums as opposed to pensions for members under 60 can sometimes save the […]
The ATO’s release of the PCG (Practical Compliance Guideline) 2016/5 outlines the safe harbour rules for SMSF related party limited recourse borrowing arrangements (LRBAs). These safe harbours detail the interest rates, debt-to-equity ratios and other terms that are required for […]
A question we come across from time to time, the answer to which depends on the specific details in the pension documents. A pension will cease upon the death of a member, however this does not necessarily mean that pension […]
With the super reforms and transfer balance caps now in place, consideration for SMSF’s and the planning and structure of members accounts is now at its utmost importance. In our blog CGT Relief, the ability to utilise CGT relief can […]
The transition to retirement income stream (TRIS) measure is a SMSF mechanism that allows members to have access to their superannuation benefits prior to retirement once they reach their preservation age. Prior to 30 June 2017, the benefits of a […]
With all the changes in the SMSF space, it is now more important than ever to ensure your firm is informed regarding CGT relief and the transfer balance cap. All the new super reforms now mean SMSF members and […]
Not many sleeps now until the new contribution rules kick in as of 1 July 2017. So here’s a reminder to share with your team to ensure […]
Section 67 of the SIS Act prohibits the trustees of a SMSF from borrowing money, or maintaining an existing borrowing, unless the borrowing is covered under one of the limited exceptions. […]
