ATO supervisory levy

Set out below are all SuperGuide articles explaining ATO supervisory levy.

SMSF: Annual ATO levy to be cut

scissors_by_gozzee-d4qisdx

Hidden in a raft of 92 outstanding policy items relating to the outcome of unlegislated tax and superannuation measures, some uncharacteristic good news came to light for SMSF trustees. Due to several SMSF-related measures not proceeding under the new government, the government has promised to … [Read more...]

SMSF providers: What should I look for when setting up my DIY super fund?

Pixmac000084507656_work_trip

Q: I am about to set-up my self-managed super fund (SMSF) but I am not sure who to handle this for me. Some online providers are reasonably priced but I am concerned about access and professionalism as they are online only. I have checked out various other providers (but unsure who to go with). Have … [Read more...]

New laws: Is your SMSF due for a super service?

smsf_service

Read this article to discover the new rules in place for SMSF trustees, and discover what you can do to ensure your SMSF operates within the super laws. New rules are now in place for self-managed super fund rules forcing SMSF trustees to take special care when considering a fund’s investment … [Read more...]

SMSF whack! Another 11% increase in ATO supervisory levy

parliament house

For the 2011/2012 year, the ATO supervisory levy for self-managed super funds has increased from $180 to $200. The levy hike is an 11% increase from the previous financial year, and a massive 400% increase from the ATO levy that was payable 5 years ago. In the 2012 Federal budget, hidden in the … [Read more...]

Cooper Review: Our Government’s four-pronged response

strongersuper

‘Stronger Super’ is the catch-cry heralding in the Federal Government’s response to the Cooper Review report on the superannuation system. On 16 December 2010, the Assistant Treasurer and Minister for Financial Services and Superannuation, Bill Shorten, released the Government’s response via a … [Read more...]

Cooper Review: Government flags ‘bye bye’ to SMSF borrowing

goodbye

The Federal Government released its response to the Cooper Report on 16 December 2010, and among the 139 recommendations it took on board from the Cooper Report, one of those recommendations could potentially be explosive for those SMSF trustees who have used the new borrowing rules, or plan to use … [Read more...]

SMSF supervisory levy to increase from 2010/2011 year

cooperreviewing

Hidden in the Federal Government’s response to the Cooper Review is a real doozey. The Government recommends that self-managed super funds be hit with a higher supervisory levy, effective from the 2010/2011 year. It appears that the primary reason for this levy hike is: Larger super funds have … [Read more...]

SMSFs: Nothing exotic or personal says Cooper review

peacock

Update: Good news for SMSF art collectors and SMSF trustees investing in other collectibles. On 30 July 2010, the ALP Government announced that it would not be adopting the Cooper recommendation to ban art and other collectibles from SMSFs. The Government has imposed stricter storage requirements … [Read more...]