Category: SMSF

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…

Do I really need to update my fund’s trust deed?

Do I really need to update my fund’s trust deed?

Your superannuation trust deed along with the superannuation laws, form the governing rules that self managed super funds (SMSFs) need to operate by. The introduction of the $1.6 million transfer…

How do I know if I have carry-forward concessional contributions to use this year?

How do I know if I have carry-forward concessional contributions to use this year?

We often get the question from clients as to whether they can catch up concessional contributions that they did not maximise in past years. Depending on your concessional contribution history…

When certainty is uncertain – capitalising on the superannuation rules whilst you can

When certainty is uncertain – capitalising on the superannuation rules whilst you can

With the chances of the Federal Election likely to be around the same time as Federal Budget in May 2019, more grey clouds of uncertainty are in the air. So…

Why “simple” superannuation questions don’t always result in simple answers

Why “simple” superannuation questions don’t always result in simple answers

Have you ever asked your SMSF administrator the following “simple” questions expecting a quick and simple answer, only to be told it’s not that straightforward? This is why. How much…

2018 SMSF re-cap – what you should already know

2018 SMSF re-cap – what you should already know

With less than 14 sleeps until Christmas and a few more until another calendar year ticks over, we thought this would be a good time to re-cap a very busy…

Franking credits and your SMSF – what is the Labor party proposing?

Franking credits and your SMSF – what is the Labor party proposing?

You may have noticed significant media coverage recently regarding the Australian Labor Party’s (“ALP”) proposed policy to stop SMSFs from receiving tax refunds for the franking credits they receive in…

Can my SMSF purchase a residential property from my brother?

Can my SMSF purchase a residential property from my brother?

Buying residential property is not just about finding the right property even though this is often the most time-consuming part. Don’t fall into the trap of purchasing from a related…