Changes to the SMSF Contribution Caps from 1 July 2017
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 […]
Limited Recourse Borrowing Arrangements (LRBA) and Safe Harbour Rules – Your Questions Answered
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. […]
Are Your SMSF Clients 30 June 2016 Compliant?
With 30 June fast approaching and the recent budget changes, you may be left scratching your heads thinking…”have I done everything I can for my clients prior to the end of the financial year?” To help out, we’ve created […]
The ATO Gets Smart…“The old 2 years of Concessional Contributions in 1 year trick”.. NEW CHANGES – CONTRIBUTION RESERVE
Those who watched Get Smart back in the 70’s and 80’s would know about Agent 86’s classic one liners! Well, as he said in the classics, “the old – 2 years of Concessional Contributions in the 1 year trick” can […]
How & When a Contribution is made to a Superannuation Fund
How often are you left with a client who makes a contribution after the date you tell them to? For example, if you told your client to make a contribution the week before 30 June, however, due to the client’s […]
Comparing SMSF’s Investments in Unit Trusts
There are various types of unit trusts a SMSF can invest in, which in turn leads to confusion regarding in-house asset issues and whether it can be acquired from […]
Collectables and Personal Use Assets – The Deadline is Looming!
Collectables and personal use assets have been a very enticing investment for SMSFs for many years. It’s simple, the SMSF purchases a painting, a motor vehicle, jewellery, wine etc. etc. and then the trustees use the assets ‘incidentally’ or ‘insignificantly’. […]
Strategies to Eliminate Death Benefit Taxes
WHAT IS DEATH BENEFIT TAXES? Death benefit taxes are something that can be very complicated and unexpected for beneficiaries of a Superfund death benefit payment, particularly where that deceased member has not implemented the appropriate estate planning strategies. When it comes […]
Guide to Determine who is a Related Party
It is important to understand who a related party is of a Self-managed Super Fund (SMSF’s) as there are several guidelines around the acquisition of certain assets and the size of related party investments an SMSF can make (specifically In-House […]
One-Off Re-Contribution Strategy before age 60
What is a Re-Contribution Strategy? If you have clients under 60, a quick review of their members balance could reveal a strategy that should be jumped on. Under the re-contribution strategy, your client will need to be considered retired from the […]
