SMSF year-end checklist: Have you done what needs to be done?
As June 30 approaches, it’s time to make last-minute contributions and get your SMSF housekeeping chores done and dusted.
SMSFs
Visit the sections below to learn more about how SMSFs work
As a first step, the following are key articles that describe how SMSFs work.
Quiz: SMSFs for beginners
How do SMSF retirees invest?
SMSF investment: 20 most popular Australian shares
SMSFs: How to start a pension
Your SMSF calendar for 2022
SMSF setup guide: 9 steps you need to follow
How to wind up an SMSF
SMSF reporting and record-keeping requirements
Real DIY super: How to keep SMSF costs super low
Which asset classes are popular with SMSFs?
SMSF investment rules: What every trustee should know
What does it cost to run an SMSF?
Writing your SMSF investment strategy (including templates)
SMSF compliance: What are trustees’ responsibilities?
SMSF annual admin checklist
SMSFs: What advice can your accountant provide?
Set out below are the latest articles that relate to smsfs.
Can you be your own accountant for your SMSF?
If you’ve got time on your hands and a good grasp of the super rules, then doing some of your own SMSF accounting tasks may be worth considering.
SMSF pensions: Planning your pension properly
Tim Miller from SuperGuardian discusses the most important considerations when planning a pension, potential traps to look out for, and what often can be overlooked.
Quiz: SMSFs for beginners
Take the following 10-question quiz to test your knowledge on the fundamentals of self-managed super funds (SMSFs).
What are the penalties for SMSF non-compliance?
We all make mistakes, but when it comes to your SMSF it’s important to work with the ATO to rectify mistakes or stiff penalties can apply.
How to invest in infrastructure through an SMSF
Everyone loves to ride in planes, trains and automobiles, but what if you could earn regular income from the infrastructure they depend on? You can, and here’s how.
What to do if a member wants to leave an SMSF
If there’s one thing certain in life it’s this – things change. If you or another member of your SMSF want to take your leave, strict rules apply.
Losing capacity: The issues for SMSF trustees and what you need to do
None of us likes to think about losing mental capacity, but failure to plan for the possibility can have a major impact on the running of your SMSF and its other members.
What work can I do for my SMSF and can I be paid?
There are strict rules governing paid work you can and can’t do for your SMSF. Getting it wrong can be costly.
What SMSF trustees need to know about exempt current pension income (ECPI)
SMSFs paying a pension may be able to reduce the overall tax liability of their fund. We explain how.
How do SMSF retirees invest?
Despite periodic criticism that SMSFs lack diversification, there is mounting evidence that proves otherwise.
How to boost your SMSF balance with contributions reserving
By using a contributions reserving strategy, SMSFs can potentially double their annual contributions caps in a single year
SMSF returns are comparable to large funds
The performance of SMSFs relative to large APRA funds has always been contested, but new research shows SMSFs are competitive once their balance hits $200,000.
Dixon Advisory’s fall from grace: 4 lessons for all investors
When Dixon Advisory collapsed, it left a trail of aggrieved SMSFs and investment losses. It’s a saga we can all learn from.
Director Identification Numbers: What is required for SMSFs
If you have a self-managed super fund (SMSF) with a corporate trustee, then you need to be aware of the new requirement to apply for and obtain a Director Identification Number (Director ID).
