Q&A: I have over $3m in super so should I now consider a recontribution strategy?
What are the considerations in equalising spouse super balance in light of the proposed additional 15% tax on super balances over $3 million?
Articles by Garth McNally
Q&A: What are the pros and cons of entering pension phase with accumulated losses for capital gains?
Given that in pension phase income is exempt from tax, I’m wondering about the pros and cons of entering into pension phase with accumulated losses for capital gains. Does it matter at all?
SMSF property ownership: Trustee requirements and obligations
The third article in our SMSFs and Property series looks at the all-important compliance requirements and considerations for SMSFs that own direct property.
Q&A: How does proportioning work if I have super in both accumulation and pension phases?
As my SMSF balance is about double the TBC how does proportioning of the income work in the portions that are separated into Pension phase and Accumulation phase? I am over 60. If I made a lump sum withdrawal from the accumulation portion does re-proportioning take place?
Webinar:Â SuperGuide members Q&A: June 2023
In this webinar super expert Garth McNally answers recent questions from SuperGuide members.
Q&A: Do I need to complete a TBAR when commencing a Transition to Retirement (TTR) pension?
I’m 61 years old and still working. I would like to start a Transition to
retirement pension. Do I need to complete a TBAR to notify the ATO and how often does one need to do this after turning 60 years old if the answer is yes?
Q&A: Do we need to use the proportioning rule when rolling over super benefits from an SMSF to an industry super fund?
Sally manages her own SMSF of which she is the only member. The fund is in accumulation phase and is made up of 1/3 tax-free component and 2/3 taxable component.
Q&A: Can I benefit from the increased transfer balance cap if I’ve already started a pension?
Q: I started a pension with $1.7 million on 1 July 2022. Can I move a further $200,000 into pension phase from 1 July 2023 post indexation?
Q&A: What happens if I start a pension and gains push the balance over the transfer balance cap?
Q: If I set up a pension phase with the maximum $1.7 million transfer balance cap, what would happen if one of the investments in that portion made a significant capital gain, pushing the balance over $1.7 million?
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.
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.
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.
Webinar:Â 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.
Q&A: Does a property owned by an SMSF need to be sold upon retirement or can we take possession?
We have a real estate property in our SMSF that is rented out and passes the sole purpose test. Our fund is only two members, my wife and I. When we retire, does an asset like this need to be liquidated, or could the members take possession of the property?
Q&A: Can I receive my deceased spouse’s accumulation death benefit in a pension income stream?
If a fund has two members (both in accumulation) and one dies, can the surviving spouse receive the deceased spouse’s super by a death benefit pension income stream?
Q&A: I’m 60. What happens to my super when I wind up my SMSF?
You certainly won’t be able to actually close or what we call wind up your SMSF until all the member’s benefits which are held within the fund have actually been dealt with.
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.
Q&A: What to consider if a director of a corporate trustee of a single member SMSF resigns
There are lots of things that we need to consider. What I’ve given you here is the actual rules which are contained within the superannuation legislation.
