Loans and early access top SMSF voluntary disclosures | Australian Taxation Office
Source: Loans and early access top SMSF voluntary disclosures | Australian Taxation Office
NEWS
SMSF early engagement and voluntary disclosure service | Australian Taxation Office
Source: SMSF early engagement and voluntary disclosure service | Australian Taxation Office
Tips for getting the SMSF annual return right
The information below may help you avoid potential pitfalls when preparing your SMSF annual return. Providing electronic funds transfer (EFT) details at Section A, Question 7 7A – Bank account (Super payments) The bank account you nominate for super payments and tax refunds must belong
SMSF Year End Review Tips
The end of the financial year is a good time to review your SMSF arrangements to ensure everything is set up for success in the coming year. Below are a few areas you may wish to consider as part of that review. Review Pension and
Are Transition to Retirement Dead?
The concessional tax treatment for income from Transition to Retirement income streams (TRIS) will be removed from 1 July 2017. TRIS allows members to reduce working hours and supplement this income with a regular ‘income stream’ from super savings. Employer contributions are paid to the
2016 Budget Superannuation Changes
Budget introduces the biggest changes to super in 10 years Key points: • Tax-free super pension balances capped at $1.6 million • 30% Contribution tax Income threshold reduced to $250,000 • Other contribution changes $1.6 Mil cap on Tax Tree Pensions introduced The key group
SMSFs Relatively Immune From Capital Gains Tax (CGT) Changes
There has been talk about the government considering reducing the capital gains tax (CGT) discount for super funds. The looming federal budget being delivered on May 10 is an opportunity for the government to address any perceived inequities in the system. Prime Minister Malcolm Turnbull
NEW – SMSF Account Based Minimum Pension Calculator
Excel SMSF Minimum Pension Calculator from $55 calculate the minimum pension payment required for members over 60 input the pensioner’s nominated amount and frequency Provide a pre-populated Pension Request form, Trustee Resolution and Pension Schedule Bonus feature – our pension calculator can provide an estimate, based
SMSF: Size matters when it comes to asset allocation
The ATO recently release statistics in relation to the 2014 year. We had a look at the comparison of asset allocation percentages from 2014 to 2011. As usual there were some interesting observations: Cash & Listed Shares Funds of less than $1M increased cash holdings
SMSF Property Valuation Guidelines
SMSF Property Valuations can be confusing. This is partly because there are no hard and fast rules. The ATO has produced guidelines but these are open to some interpretation. Factors to consider include the domain expertise of the Trustee, and the expectations of the ATO