Articles by
Garth McNally
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SMSFs and non-arm’s-length income (NALI)
Non-arm’s length income is coming under increased scrutiny by the Tax Office and penalties can be steep, so it pays to understand how to stay on the right side of the law.
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SMSF investing: An adviser’s insight into mFunds
There’s more than one way to invest in managed funds, including these actively managed listed funds that can be bought and sold as easily as shares.
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SMSFs and property: Business real property
In Part 2 of our series on SMSFs and property investment, we look at the pros and cons of holding business property in your fund.
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Webinar: Year-end superannuation tips and traps
Year-end strategies and procedures to get the best outcomes from your superannuation before the end of the 2022-23 financial year.
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Q&A: What should we have in place for when an individual trustee of an SMSF passes away?
What I need to highlight here, is we’re looking at individual trustees and not a company acting as trustee. We’ve got two individual trustees.
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Q&A: I’m over 75. Can I make a super contribution?
The key here is the age restriction on making contributions to super. Really, from age 75, the only real contributions that can be made to super are what we call downsizer contributions.
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Q&A: How can you reduce inheritance tax if you leave your super to your children?
This is something that we all want to know, right? We want to make sure that if we leave money to our kids, that they don’t get hit with tax on that money.
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Q&A: Can I contribute to a grandchild’s super account?
Am I allowed to put money from my savings into my granddaughter’s super account?
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Q&A: How much can I contribute in year 4 of a bring-forward period?
If you contribute $30,000 short in the first three years, then in year four, are you able to contribute after tax of $110,000 plus the $30,000 short for all from years one to three?
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Q&A: Can I withdraw a lump sum after I start a pension?
Once the super account is a pension account, can a lump sum be withdrawn, say, after one year of receiving a pension from it?
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Q&A: How can I recontribute my pension payments back into my super?
When I receive payments from an account-based pension, I know I can put some back to my accumulation account. How is the amount put back treated? Is it a non-concessional or a concessional contribution?
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Q&A: Can I contribute to super after I start a pension?
Is it allowable to commute a pension, add the additional funds, and then restart a “new pension” with the increased amount, all on the same day?
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SMSF property ownership options and opportunities
One of the attractions of SMSFs is their ability to invest in real property, and there are many ways trustees can go about it.
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Tax hike on super balances above $3 million: Is it time to rethink our retirement savings vehicles?
Super may be the most tax-effective retirement savings vehicle, but for those with higher balances it may be time to look at alternatives.
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Q&A: Contributing to super prior to a pension
Can I immediately, after making these contributions, transfer my accumulation super to a pension account, or do I need to wait three years due to the bring-forward?
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Webinar: The proposed new $3 million super changes: What you need to know
We take a look at the proposed new tax regime for super fund members with balances above $3 million, how it will work, when it may come into play, and what you should be considering now.
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Webinar: SuperGuide members Q&A: March 2023
In this webinar super expert Garth McNally answers recent questions from SuperGuide members.
