Super
CategoryDiversification requirements for SMSFs
The ATO has identified approximately 17,700 SMSFs where investment strategies may not meet the requirements under regulation 4.09 of the S..
Succession planning for your SMSF
A mandatory component of managing a self-managed super fund (SMSF) is planning out what will happen to the fund if its trustee were to pas..
What to look for when choosing a super fund
Over the course of your life, the contributions made to your superannuation fund can often end up being your greatest asset. Because of th..
Ineligible downsizer contributions and how they are administered
When a downsizer contribution is ineligible, the fund must re-assess the amount in accordance with the Superannuation Industry (Supervisio..
Illegal early release of super on ATO watch-list
Illegal early release of super (IER) is one of the risk areas that the ATO has identified as being of most concern and in need of action.
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Tax requirements for capped defined benefit income streams
Members who receive income from one or more capped defined benefit income streams may have additional tax liabilities. They would then nee..
What SMSF records should you keep?
A key responsibility for trustees of self-managed super funds (SMSFs) is to ensure proper and accurate tax and superannuation records are ..
SMSF rollovers in SuperStream to be deferred
The 2019-2020 Federal Budget suggested a deferral of the extension of SuperStream to self-managed superannuation fund (SMSF) rollovers fro..
Claiming a tax deduction for personal super contributions
Members of self-managed super funds (SMSFs) that are eligible can claim an income tax deduction on personal super contributions. Members t..
PAYG reporting dates approach
Changes have been made throughout the year regarding SMSFs and their pay-as-you-go (PAYG) withholding. As the end of the financial year an..