by smsf | 9 Jul 2024 | News
The non arm’s length income rules, which have been the subject of tortuous debate and consideration for several years, have finally been passed. They are effective from 1 July 2024 but apply from 1 July 2018. They limit the amount of NALI arising from a... by smsf | 4 Jul 2024 | News
We have decided to extend our special fee offer to no later than the end of September. The number of SMSFs we can accept under this offer is limited so it will close earlier once this limit has been reached though fund transfers in progress at that time will still be... by smsf | 29 Jun 2024 | News
If there is a possibility that members/trustees will not be able to cashflow their contributions or pension payments by 30th June a promissory note might help. A contribution can be made by supplying the fund trustees with a promissory note, on or before 30th June,... by smsf | 21 Jun 2024 | News
The interest rate to be applied to related party limited recourse borrowings, arranged under the safe harbour provisions, has changed for 2025. It’s included in the table below. Financial Year For Real Property For Listed Shares/Units 2024/25 9.35% 11.35% 2023/24... by smsf | 14 Jun 2024 | News
As the end of the financial year draws to a close, we must ensure that trustees draw their minimum pension. Failure to do so will cause the pension exempt income advantages to be lost for the current year but are there any other consequences? Does the pension still...