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
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?
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…
Can my SMSF invest in Bitcoin and other cryptocurrency?
Bitcoin, Ethereum, Litecoin just to name a few. The world of encrypted digital currency, commonly known as ‘cryptocurrency’ has been all the rage for quite some time, and most recently…
Indexation of superannuation Transfer Balance Cap to $1.7m – what does this mean?
From 1 July 2021, the general Transfer Balance Cap (“TBC”) which limits the amount that can be transferred into the tax-free retirement phase of superannuation will be indexed to $1.7m…
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…
2020-21 Federal Budget – A year of so much change, except to SMSFs
The 2020-21 Federal Budget is all about jobs, jobs and jobs. COVID-19 has resulted in the most severe global economic crisis since the Great Depression. This Budget provides an additional $98…
My SMSF owns property and it’s affected by Covid-19 – what should I do?
Rental Relief for the tenant The economic impacts of the COVID-19 crisis are causing significant financial distress for many businesses and individuals. If your SMSF has a property and a…
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…
2020 End of financial year (EOFY) considerations for your SMSF
The COVID-19 pandemic has affected everyone’s lives, and SMSF trustees are no exception. While the worst of the pandemic is (hopefully) behind us, trustees still have difficult questions to ponder…
