by smsf | 20 Mar 2024 | News
When a beneficiary first becomes a recipient of a reversionary pension a few items need to be considered. As the pension is continuing, it must satisfy the minimum pension payment obligations in the year of the primary pensioner’s death. The exemption from this... by smsf | 12 Mar 2024 | News
The ATO expect that advisory firms, including individual advisers, must set the standard for integrity by attending to their own tax and super affairs. As such, the ATO have established a Tax Avoidance Taskforce Adviser Strategy which has been engaging with privately... by smsf | 7 Mar 2024 | News
To meet the definition of an SMSF in s 17A of the Superannuation Industry (Supervision) Act 1993 (Cth) (SISA), all fund members must generally be trustees of the fund (or directors of a body corporate that is trustee) and vice versa. Director/trustees who, due to an... by smsf | 23 Feb 2024 | News
The latest AWOTE figures have been confirmed and will result in an increase to the superannuation contribution caps commencing 1 July 2024. The concessional contribution cap will increase from $27,500 to $30,000 and the non-concessional contribution cap from $110,000... by smsf | 12 Feb 2024 | News
We have launched a new adviser resource, SMSF Alliance TV. It’s a collection of animated videos to assist advisers in the education of their SMSF clients. Advisers can refer trustees to our curated page, which includes ATO videos and suggested viewing combinations, or... by smsf | 31 Jan 2024 | News
When registering a new SMSF with the ATO there is always a chance that the ATO will contact the trustees before completing the fund registration. We are finding that this action is becoming more common and is resulting in an unexpected issue. The trustees, wary of...