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 […]
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. […]
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 […]
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 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 […]
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 […]
From the 27th – 29th of July, we attended and spoke at the Smithink Offshoring Conference. Many accountants travelled from across the country to attend this event, with an aim to grasp a better understanding on outsourcing and how it can […]
On Thursay the 30th of July, Mike and Frank attended the SMSF Association State Technical Conference where they had the pleasure of meeting the CEO of the SMSF Association (formally known as SPAA), Andrea Slattery. Since establishing the SMSF Association in 2003, […]
Business in Bali – Key Highlights! From the 12th to 16th July 2015 SuperAA attended the Panalitix Annual Conference. After listening to the Key Speakers…..the take-away’s really endorse our business philosophy which represent the key elements that drive our own […]
Q: I run a single member SMSF. I am 70, retired and my entire members balance is an Account Based Pension. 99% of my assets are in a Term Deposit and the small amount left over is in a bank […]
