by smsf | 5 Dec 2023 | News
The discussion paper on the Retirement phase of superannuation contains some interesting items. One of these is the suggestion that the SMSF sector might be included in the retirement income covenant. “While SMSF members are encouraged to consider their long-term... by smsf | 29 Nov 2023 | News
It’s commonly believed that the investments made by an entity into which an SMSF properly invests are irrelevant to the SMSF for tax purposes. This is not so. Non-arm’s length income provisions can be invoked where the SMSF has invested at arm’s length, but the... by smsf | 21 Nov 2023 | News
Last week I mentioned the NALE amendments that have evolved over years of debate from a draconian proposition to one that is relatively benign. What the regulators have not been considering, however, is the extremely heavy-handed treatment that the established... by smsf | 16 Nov 2023 | News
There has been much said, over the last few years, regarding the non-arm’s length expenditure changes. The focus has been on general expenses where a non-arm’s length activity taints the whole of the fund’s income. Though the initial proposal was draconian in its... by smsf | 2 Nov 2023 | News
As HMRC approved Scheme Administrators for SMSF’s capable of receiving UK pension transfers, QROPS funds is one of our specialties. Apart from considerable expertise, driven by our Head of Technical, Debbie Thomas LLB, we enjoy some additional process enhancements due... by smsf | 25 Oct 2023 | News
Each year we have a few instances where an SMSF member is informed, by their personal accountant, that they can’t lodge their personal tax return until we inform the ATO of their personal deductible contributions or lodge their SMSF accounts. This is because...