Articles by
Garth McNally
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SMSFs and estate planning: Key issues that SMSF trustees need to know
The third article in our SMSF and Estate Planning series focuses on estate planning issues trustees need to consider on the death of a fund member.
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Webinar: Navigating the aged care system
The aged care system is notoriously complex. This webinar will outline the aged care landscape including how to access help in the home or get into residential aged care and the costs involved.
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Q&A: Does the previous year’s balance affect the minimum pension amount?
Q: My wife and I are both over 70 and are the only members of our SMSF. On 30 June, my wife had a nil balance in our SMSF but will make a $300,000 non-concessional contribution in July and commence an account-based pension at the 5% rate. Does her nil balance in the previous financial…
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Q&A: When I retire, can I transfer the cash assets to my share of the SMSF?
Q: I am about to retire but my partner is still working. There is one property, some shares and cash in the SMSF. My partner and I have 50% share each. Moving to retirement, can I transfer all cash to my share of the fund into retirement phase? The value of cash is 25% of…
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Q&A: Can an SMSF invest on a “tenants in common” basis in commercial property, funded by a mortgage?
When we’re looking at joint ownership of property, there are a few things that we need to consider. There are really two quite distinct ways that direct property interest can be held when there’s multiple owners.
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Q&A: Is a lump sum super payment taxed if I’m under 60?
Q: Assuming a member turns 59 on the 9th of May 2023, and sets up a full pension fund to commence from 1 July this year (2023) shortly, when that member withdraws the lump sum before the 9th of May 2024 (next year), aged then 60, is the lump sum subject to tax or not?
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Q&A: Can we use a recontribution strategy at 70 if we have a large transfer balance?
Q: Can a recontribution strategy work where an SMSF has 2 members aged 70 and 68 with current member balances of $1.7 million each and transfer balance caps of $1.6 million each?
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SMSFs and estate planning: What fund members should consider and plan for
The second article in our four-part “SMSF and estate planning series” covers the key issues for trustees when it comes to estate planning within their self-managed fund.
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SMSF loans: What are the SMSF borrowing rules?
The ability to borrow to invest gives SMSF trustees additional flexibility when choosing investment assets, but it’s not open slather. Strict rules apply.
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Webinar: Transition-to-retirement pensions: Strategies and benefits
In this webinar, Garth will take you through the key benefits of using a transition to retirement pension; from tax planning to achieving better estate planning outcomes. This webinar is a must for all readers approaching or considering retirement.
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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?
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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.
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SMSFs: How to deal with lost paperwork
What SMSF trustees need to consider when important fund documentation is misplaced.
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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?
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Webinar: SuperGuide members Q&A: September 2023
In this webinar super expert Garth McNally will answer recent questions from SuperGuide members.
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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.
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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.
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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.
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