SuperGuide

Superannuation and retirement planning information

February 2025 SMSF newsletter

Writing your SMSF investment strategy (including templates)
As an SMSF trustee, your fund’s investment strategy is one of the most important documents you will ever create so it’s important to get it right. Read more.
Writing your SMSF investment strategy (including templates)
As an SMSF trustee, your fund’s investment strategy is one of the most important documents you will ever create so it’s important to get it right. Read more.
Can my SMSF invest in gold?
Gold investments come in many forms, so SMSF trustees should understand the pros and cons, and compliance issues, with each. Read more.
Can my SMSF invest in gold?
Gold investments come in many forms, so SMSF trustees should understand the pros and cons, and compliance issues, with each. Read more.
The role of cash and bonds in your portfolio and what’s available
High interest rates are loathed by borrowers but they are money in the bank for people seeking reliable income with a high degree of safety from their investments. Read more.
The role of cash and bonds in your portfolio and what’s available
High interest rates are loathed by borrowers but they are money in the bank for people seeking reliable income with a high degree of safety from their investments. Read more.
What happens if I don’t pay the minimum pension from my SMSF?
Now updated with a handy video guide. Adverse tax and compliance outcomes can occur if you fail to take your minimum pension payment each year. Don’t get caught due to… Read more.
What happens if I don’t pay the minimum pension from my SMSF?
Now updated with a handy video guide. Adverse tax and compliance outcomes can occur if you fail to take your minimum pension payment each year. Don’t get caught due to… Read more.
What are the penalties for SMSF non-compliance?
SMSFs offer a high degree of flexibility and control over your retirement savings, but there are legal guardrails and hefty penalties for trustees who breach them. Read more.
What are the penalties for SMSF non-compliance?
SMSFs offer a high degree of flexibility and control over your retirement savings, but there are legal guardrails and hefty penalties for trustees who breach them. Read more.

Estate planning and superannuation

Tuesday 25 February 2025 at 4:30 pm AEDT

We will look at how your superannuation benefits interact with your estate planning objectives; What you need to know now to get the best outcomes later. This is a not to be missed webinar for members of all types of super fund.

IN CASE YOU MISSED IT: Watch our previous webinar, Super strategies for 2025.

Q: I have a SMSF with my children and husband as members. My daughter has moved to the UK with the intention of becoming a citizen of the UK. Must she now withdraw her funds from the SMSF and place these into an industry fund?

A: According to residency rules the central management and control of an SMSF must be conducted in Australia. It is possible for trustee functions to be temporarily done outside Australia for up to two years, enabling fund members/trustees to temporarily relocate, but if a member/trustee intends to permanently relocate then they must be removed as a trustee and member for the SMSF to maintain its complying status. Any assets they hold in the SMSF must be transferred to an APRA regulated fund such as an industry or retail fund.

You should seek professional advice about your circumstances to ensure your fund complies with the residency requirements.

Our article on this issue may also be of assistance.

February 28

SMSF annual return (SAR): You need to lodge your SMSF annual return by this date if you are lodging it yourself. Also, if you are a newly registered SMSF and using a tax agent you need to lodge by this date, unless you were advised of a 31 October date at registration. This is also the payment due date for these funds.

GST lodgement: If your fund is registered for GST, which is becoming more common but not required for most SMSFs, and your GST turnover is more than $75,000, you will need to lodge your quarterly BAS by this day.

This would be most common for SMSFs that own commercial property and collect rent from that property. Rent received on residential property would not usually be subject to GST.

Where you employ a tax agent to help with these SMSF lodgements, check with them first as your SMSF may have adjusted lodgement deadlines.

Important: All information on SuperGuide is general in nature only and does not take into account your personal objectives, financial situation or needs. You should consider whether any information on SuperGuide is appropriate to you before acting on it. If SuperGuide refers to a financial product you should obtain the relevant product disclosure statement (PDS) or seek personal financial advice before making any investment decisions.

Superguide Pty Ltd ATF Superguide Unit Trust as a Corporate Authorised Representative (CAR) is a Corporate Authorised Representative of Independent Financial Advisers Australia, AFSL 464629.