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… Read more.
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… Read more.
The size of the self-managed super fund sector continues to grow in terms of members and assets, at the expense of all but industry super funds. Read more.
The size of the self-managed super fund sector continues to grow in terms of members and assets, at the expense of all but industry super funds. Read more.
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. Read more.
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. Read more.
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… Read more.
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… Read more.
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. Read more.
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. Read more.
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. Read more.
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. Read more.
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? Read more.
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? Read more.
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… Read more.
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… Read more.
Year-end superannuation tips and traps
Thursday 25 May 2023 at 11:00 am AEST
Year-end strategies and procedures to get the best outcomes from your superannuation before the end of the 2022-23 financial year.
If you are using a tax agent, and are not a new SMSF, your agent will need to lodge your fund’s annual return by the 15th of May. Your tax agent will need all the same information as early lodgers and will need to appoint an auditor at least 45 days before lodgment date (or by the end of March).
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.
