SMSFs entering into arrangements which involve the purchase and development of real property for subsequent disposal or leasing should beware, the ATO is keeping a close eye on these types […]
Prior to the disruptor that is the Coronavirus epidemic, the Assistant Minister for Superannuation, Financial Services and Financial Technology, Senator Jane Hume outlined some future government policy and potential changes […]
In line with various concessions provided to businesses to soften the blow of the COVID-19 pandemic, the ATO has now released the following details of concessions for self-managed super funds […]
[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] For anyone with a self-managed super fund (SMSF) at 30 June 2019 or has wound up an SMSF during the last financial year, […]
[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] The ATO has released further guidance on investment strategy requirements for trustees of self-managed superannuation funds (SMSFs). The guidance comes on the heels […]
[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] To be eligible for superannuation fund tax concessions, SMSFs are required to be maintained for the sole purpose of providing retirement benefits to […]
[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] Under the superannuation guarantee framework, employers are required to contribute a minimum percentage (currently 9.5%) of their employee’s ordinary time earnings into superannuation. […]
[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] Under the “downsizer” contribution scheme, individuals aged 65 years and over who sell their home may contribute sale proceeds of up to $300,000 […]
[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] Over 17,000 SMSFs that are heavily invested in one asset class will soon receive a “please explain” from the ATO to check whether […]
[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] Superannuation is an effective investment structure for asset protection, but a questionable contribution could put some of your benefits at risk in the […]
