Data Feeds for SMSF Software – Is Your Firm Missing Out?
It’s a new year and by now you should be well and truly rested, back from your break and ready to attack 2019 head on! The start of a new year will generally be a great time for your firm […]
It’s a new year and by now you should be well and truly rested, back from your break and ready to attack 2019 head on! The start of a new year will generally be a great time for your firm […]
With the $1.6m transfer balance cap (TBC) in effect, consideration should be given to how a fund maximises the amount it has in pension phase. By achieving this, the fund can therefore maximise tax savings associated with a 0% tax […]
We are deep in the SMSF silly season and by now, your firm SHOULD have lodged its first batch of quarterly Transfer Balance Cap Reports (TBAR) for the September 2018 quarter. In our previous blog we detailed what the new […]
Continuing on with the trend of increased complexity, the SMSF sector has seen more changes to legislation, this time with regards to the calculation of its exempt current pension income (ECPI). These changes are already in effect and apply for […]
In order to support the introduction of the $1.6m transfer balance cap (TBC) from 1 July 2017, the ATO has announced new reporting obligations for SMSFs. From 1 July 2018, any SMSF that has a member’s balance with $1 million […]
Case Study – Smith Superannuation Fund John Smith is the sole member of the Smith Superannuation Fund The balance of the SMSF is $1m John is interested in using a Limited Recourse Borrowing Agreement (LRBA) to borrow $300k to purchase […]
One area of discussion that can often be rather unclear is, “when are auditors required to notify the ATO of a breach in the SIS Act?” Firstly, the auditor needs to identify a contravention. This can be black and white […]
With all the changes coming into place around CGT relief, the Transfer Balance Cap (TBC) of $1.6 million and TBAR Reporting, understanding all your clients pension details is imperative. As outlined in our previous blog ‘Ins & Outs of A […]
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 […]