Q&A: What to consider with unused concessional contribution tax claims?
Q: The bring forward concessional contributions tax claims. Are they still available and any other matters associated with such a tax claim?
Articles by Garth McNally
SMSFs and estate planning: An introduction
Ensuring your super is dealt with according to your wishes when you die is not only important for your beneficiaries, but for your fellow trustees and the fund itself.
SMSFs: How to deal with lost paperwork
What SMSF trustees need to consider when important fund documentation is misplaced.
Q&A: How does a transition to retirement pension impact CGT on property assets?
I’ve got property assets in my SMSF. I was intending to allocate those property assets into my pension portfolio then sell them and re-use the liquidity in the pension phase investing / payments. Would going with a TTR have an impact on CGT on the property sales?
Webinar:Â SuperGuide members Q&A: September 2023
In this webinar super expert Garth McNally will answer recent questions from SuperGuide members.
Q&A: Can I do contribution splitting if I live overseas?
What these rules allow us to do is to split, so to take up to 85% of the concessional contributions that were made into our own super fund account last year and then split them or allocate them to our spouse’s super account in either our fund or any other fund in the current year.
Q&A: What is the tax treatment on lump sum withdrawals when 65 and not retired?
Q: For an over 65, not retired, still working and paying income tax, what is the tax treatment on any lump sum withdrawals from super (where super is still in the accumulation phase) having been built up from employer and salary sacrifice contributions and taxed at 15% on way in.
SMSFs: Getting ready for the annual meeting with your accountant
If you use an accountant to prepare your SMSF’s end-of-year compliance tasks, having the right documentation on hand will save time and money.
SMSFs: What advice can your accountant provide?
While many SMSF trustees turn to their accountant for assistance, they can only provide advice on some SMSF-related matters. To help SMSF trustees navigate this tricky area we’ve compiled a checklist to help you work out if your accountant is the right person to ask for help.
Q&A: Does the sole purpose test become redundant when you’ve retired?
When the sole surviving or even the youngest member of the fund finally turns 65, does the sole purpose test then become redundant?
Q&A: Can I cancel a reversionary pension within my SMSF and wind up the SMSF?
I have been receiving a reversionary pension since my husband died but I am finding the paperwork required to maintain my SMSF is a little overwhelming.
Q&A: Can an SMSF accept super contributions if it’s status is “Pending”?
Can contributions be accepted by a newly established (SMSF) fund whose status is “Pending” on the Super Fund Lookup.
Property development in an SMSF: Recent ATO guidance
If you are thinking about using your SMSF for a property development it pays to understand the ATO rules. Failure to do so could be costly.
Q&A: Can we use the money from our SMSF for personal use upon reaching pension age?
After reaching pension age, are we allowed to use the money from our SMSF for our personal use? Can we use the money from our SMSF to start a business from home?
Q&A: What happens to my SMSF if I travel or move overseas?
I would like to know if there are any
restrictions or conditions I have to be aware of regarding travelling overseas for extended periods of time in retirement. When I turn 70 next year I will stop working and will open an account-based pension income stream and will set up an SMSF. Then I want to start travelling.
Q&A: Can I own an overseas house in my SMSF?
Can an overseas house be part of a SMSF? It is not rented out, but it is still an investment property to be sold later to help us with superannuation income later.
Webinar:Â An introduction to SMSFs
What you need to know about setting up and running a self managed super fund. We take you through the key issues that trustees face when managing their own super fund.
Q&A: What are the pros and cons of starting an account-based pension vs investing outside super?
Should you put all your super into an account based pension or invest some in a fixed term deposit? What are the pros and cons? If you put some super into a fixed term deposit and then roll it over at the end of the term, will you then start paying tax on returns?
