Category: Accessing Super

SMSFs from 1 July 2021 – same, same, but different

SMSFs from 1 July 2021 – same, same, but different

For many of us, the month of July brings new beginnings yet a sense of deja vu fills the air as the pandemic continues to impact everyone’s lives. From 1…

2021 End of Financial Year (EOFY) superannuation tips & traps

2021 End of Financial Year (EOFY) superannuation tips & traps

With just over two weeks until we see out yet another financial year, here are some tips and traps to look out for to ensure your SMSF is ready for…

2021-22 Federal Budget Update – A strong Budget for SMSFs

2021-22 Federal Budget Update – A strong Budget for SMSFs

As expected, this year’s Federal Budget has a strong emphasis on job growth and women’s security. From an SMSF perspective, there were some welcome surprises for SMSF trustees, the key…

SMSFs – A new financial year in COVID-19 times

SMSFs – A new financial year in COVID-19 times

As a new financial year unfolds, the COVID-19 pandemic continues to impact everyone’s lives in so many ways. During these unprecedented times it is important to ensure trustees continue to…

SMSFs and COVID-19 measures

SMSFs and COVID-19 measures

You may be aware that the Government recently announced measures which allow individuals affected by the economic impacts of COVID-19 to access a limited amount of their superannuation early. Similarly,…

Can my SMSF pay for my personal ATO Division 293 tax and Excess Concessional Contributions Assessments?

Can my SMSF pay for my personal ATO Division 293 tax and Excess Concessional Contributions Assessments?

Yes – however care needs to be taken to ensure you pay it at the right time by following the below steps. Division 293 Tax The Division 293 Tax applies…

Have you considered what you will do if an unexpected event occurs?

Have you considered what you will do if an unexpected event occurs?

Your SMSF is a long-term plan.  Much can happen during this time including illness, incapacity or death of a member. It is best practice to have contingency plans in place…