Articles by
Garth McNally
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Commuting an SMSF account-based pension
If you want to commute (roll back) some or part of a super pension, or combine multiple pensions, you need to follow strict rules.
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What SMSF trustees need to know about exempt current pension income (ECPI)
Understanding the rules around ECPI can help reduce tax and save costs when fund members move into retirement phase.
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Q&A: What is the process for contributions reserving?
Q: I would like to use the contributions reserving strategy this year to offset my vast capital gains tax. I understand the strategy, but would you be able to confirm the process?
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Q&A: Can I make super contributions after commencing a pension?
Q: I’m 70 years of age, retired and currently receiving a pension from my self-managed super fund. I would like to add additional money, non-concessional, to my superannuation. Am I able to do it? And what are the steps to carry out this task?
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Q&A: Does my super fund need to disclose all it’s investments?
Q: Aware Super Fund told me that they do not disclose the products the super is invested in nor the quantity of units, but I have been told that this is incorrect and that they should disclose all these investment company names and the number of units that I hold in them?
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How to avoid getting caught in the in-house asset trap
Falling foul of the in-house asset rules can be a costly mistake for SMSFs and continues to be a tricky area for trustees.
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Can my SMSF loan money to me or my business?
Loans made by your SMSF are the exception, not the rule, and getting it wrong can be costly.
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Q&A: What account authority should my accountant have?
My accountant, the SMSF administrator, has requested full third-party authority for our fund account. Is this common practice?
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Election outcomes for your SMSF
Now that the 2025 election is decided, which super policies will be enacted and what is now off the table as a result?
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Q&A: Do I have to take my SMSF pension as regular payments?
My accountant says I should take it as a regular payment spread out over the financial year because the ATO prefers this.
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Q&A: Does the frequency of my employer contributions affect my portfolio growth?
Q: Does my employer only have to pay across the super fund contributions in quarterly intervals, as this impacts on the amount invested and growth of my portfolio?
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Q&A: Can non-concessional contributions be made if the Transfer Balance Cap has been reached?
If you have previously reached your full transfer balance cap, but now you are well below the $1.9 million cap, can you undertake the bring forward rule and make a non-concessional contribution of $360,000?
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SMSFs: Segregating assets in retirement phase
In some circumstances it can make sense to allocate assets to particular fund members. We explain the how and the why.
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SMSFs: Investing in private companies
Investing in unlisted or private companies is perfectly legitimate for SMSFs, but there are strict rules around how it’s done.
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Q&A: Can we lend to our SMSF to buy a property?
Q: We’re looking to borrow money on our SMSF to purchase a property. Can we be the lender to the SMSF as we have surplus cash?
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Managing capital gains tax in your SMSF
It’s possible to reduce or even eliminate the amount of tax your fund pays on asset sales with these simple strategies.
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EOFY: Getting your SMSF in order
If you want to get your SMSF shipshape for June 30, then get cracking now.
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Property development in your SMSF: What to consider
While property development is allowed in an SMSF, the rules restrict what can be done and how.
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