SMSFs (Self-managed super funds)

The SMSFs section is for Australians running self-managed super funds (SMSFs), covering the current issues facing SMSF trustees, setting up a SMSF, how to run a SMSF, investing your DIY superannuation money, getting financial advice, and special SMSF rules such as investing in property.

This section also includes a special section called SMSF basics.


Below are some of our key SMSF articles:

Set out below are all SuperGuide articles explaining SMSFs (Self-managed super funds).

SMSF trustees unfairly targeted by super tax illiterates

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Some leaders in the superannuation sector and in some economic think tanks are ignorant about SMSFs, including how the super tax rules work generally. Yet we have numerous pronouncements by various individuals and organisations about SMSFs not paying tax, or SMSF trustees not having the skills to … [Read more...]

Guest contributor: Taxing pension earnings, and benefits, will deliver minimal tax revenue

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Note: the Financial System Inquiry final report suggests that super pension fund earnings should be taxed, rather than continue to receive tax-exempt status. Why? So it will reduce costs for super funds, but it most certainly will increase costs for fund members, and significantly reduce retirement … [Read more...]

Guest contributor: Franked dividends are not a tax concession

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Note: Although not referenced with reviewing the tax treatment of investments, the Financial System Inquiry final report states that it does not see a strong case for retaining dividend imputation for Australian shares. In plain English, the FSI holds the view that Australian share dividends should … [Read more...]

FSI recommends ban on SMSF borrowing

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In its final report publicly released on 7 December 2014, the Financial System Inquiry (FSI) recommends the removal the borrowing exception that permits ‘direct borrowing’ using limited recourse borrowing arrangements, but only for any future transactions. The FSI uses the term ‘direct borrowing’ … [Read more...]

Concessional contributions caps: 10 facts you should know

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We receive many questions about the concessional  contributions caps. Throughout 2014 and into 2015, SuperGuide, as always, will regularly update readers on any proposed changes to the contributions caps (and other super changes), and the implications of such changes on super strategies. The list … [Read more...]

Financial System Inquiry: Super and retirement summary

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On 7 December 2014, the federal government released the Financial System Inquiry (FSI) Final Report, a 320-page document providing recommendations on five main themes. The FSI committee and secretariat received 6,800 submissions and held hundreds of stakeholder meetings. The FSI crew also met with … [Read more...]

Who can make tax-deductible super contributions?

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Generally speaking, you can make two types of super contributions: non-concessional (after-tax) contributions and concessional (before-tax) contributions. Concessional contributions can also include tax-deductible super contributions, where an individual claims a deduction. For the 2014/2015 … [Read more...]

Concessional contributions: What form do I use to claim a tax deduction?

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Q: I want to make a tax-deductible super contribution to my SMSF. I am trying to find the official form for claiming this type of deduction. Could you lead me to a link where I could find a generic S290-170 notice of intent to deduct? A: You can download the ‘Notice of intent to claim or vary a … [Read more...]

Superannuation Guarantee: 10 facts about your SG entitlements

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Note: Since 1 July 2014, the Superannuation Guarantee rate increased to 9.5% (from the 9.25% that applied for the  2013/2014 year). The SG rate will remain at 9.5% for 7 years, increasing to 10% from July 2021, and eventually to 12% from July 2025. If you work as an employee, and you satisfy … [Read more...]

Clients come first: Financial advice reform saga continues

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In recent months I have kept fairly quiet about the financial advice reforms. Until recently, what more was there to say about a set of rules designed to favour the outdated business models of many financial planning businesses? Note that I am not targeting the advice provided by the firms with … [Read more...]