Are there any problems dealing with online Trust Deed providers?
Q: Thanks for the super site – it has been very useful for me as a Trustee of my family SMSF. I have also bought your book, DIY Super for Dummies, which has been very informative and explained many issue in [...]
SMSF audit: Where is your fund’s trust deed and investment strategy?
Q: Do I need to provide a copy of my super fund’s trust deed and financial strategy to my SMSF fund auditor in order to complete the auditing process? ‘Yes’ is the answer, based on the ATO publication ‘Auditing a self-managed super fund’, which provides instructions for SMSF auditors.
SMSF pensions: How do I start one?
Q: How do you change your self-managed super fund (SMSF) from accumulation phase to pension phase (husband aged 60 not working) and transition to pension phase (myself aged 57 and still working part time)? If an accountant has to do [...]
SMSF basics: Trish’s 10 commandments of DIY super
If you’re running a self-managed super fund, then you’re obviously aware that being a SMSF trustee/member is a very different experience to belonging to a large super fund. In a large super fund, someone else looks after your superannuation benefits.
Is your SMSF due for a super service?
If you run a self-managed super fund (SMSF), then you belong to an influential group that controls a third of all superannuation money held in Australia, and collectively owns nearly 10% of the Australian sharemarket!
SMSF basics: Updating SMSF trust deeds
Q: I have had a SMSF since 1996. As rules concerning income streams etc have changed since the date of my deed, can we simply sign a current trust deed to make it effective for our requirements, or do I need to amend the relevant clauses in the old deed?
SMSF compliance: Is a corporate trustee required to pay lump sums?
Q: I’ve seen conflicting advice that if you wish to make a lump sum payment from an account-based Pension by way of an in-specie transfer of assets, or, just a lump sum cash withdrawal, you can’t do it if you have individual trustees. You must have a corporate trustee. Can you please comment?
Cooper Review: Government flags ‘bye bye’ to SMSF borrowing
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 some SMSF trustees.
