When planning who gets what when you die, many people forget about their SMSF. It’s not just about the distribution of fund assets, but who’s in control.
What SMSF trustees need to know about non-arm’s length expenditure (NALE)
The ATO has clarified its position on non-arm’s length income and expenditure, and the cost of getting it wrong.
Total Superannuation Balance: When it applies and what is included
Recent increases to contribution caps also impact your total super balance. Here’s how it works.
Running multiple SMSFs: What are the pros and cons?
Although it’s legal to have more than one SMSF, there are important pros and cons you need to consider before taking the plunge.
Guide to SMSF trust deeds
An SMSF trust deed is a legal document that outlines how the fund will be set up and how it will operate. An Australian SMSF must be established with a trust deed that is compliant with Australian superannuation legislation.
Guide to SMSF audits
Learn what happens in an SMSF audit, how to find an SMSF auditor, and what are the average SMSF audit fees.
Six member SMSFs: What to consider
Six member SMSF funds – they sound like a sensible idea, don’t they? Put the family in one super fund, make joint investment decisions, help the children save and heaps more reasons. Why not?
SMSFs: Legacy pension relief at long last
SMSF members will be able to exit old-style pensions for new if this Budget measure comes to pass.
What are the SMSF residency requirements?
Proposed changes in the 2021 Budget will level the playing field for SMSFs with members who move overseas.
SMSF investment rules: What every trustee should know
One of the attractions of running your own SMSF is the wide range of investments open to you and the control you have over them, but that doesn’t mean it’s open slather. There are rules you need to follow.
How not to get caught in the in-house asset trap
Breaking the rules regarding In-house assets can be costly, so it pays SMSF trustees to understand what they are and how to avoid costly penalties.
Guide to SMSFs and insurance
SMSF trustees regularly need to assess whether each member of their fund has an appropriate level of insurance. In this article we look at whether there are benefits having insurance inside your SMSF rather outside your super fund.
A step-by-step guide to valuing tricky assets
SMSFs are required to value their assets at market value every financial year, this is easy enough for listed assets, such as equities, but it’s not so straightforward for unlisted assets like commercial property or collectibles.
SMSF Q&As with the ATO: COVID-19 special
Dana Fleming, Assistant Commissioner of the SMSF Segment at the ATO, provides useful insights for SMSF trustees about current issues such as the early release of super process, providing rental concessions for tenants and the change to the minimum pension drawdown rates.
SMSF compliance: What are trustees’ responsibilities?
SMSF trustees are legally obliged to ensure their fund’s compliance with superannuation legislation in Australia. The ATO imposes a range of penalties for non-compliance, depending on the seriousness of the breach.
