Blog

Following some industry confusion, the ATO has provided clarity on the necessary steps an SMSF trustee must undertake when they have failed to meet the minimum payment for a pension. Where a super fund has failed the minimum pension payment, the ATO says the pension has then ceased, the exemptions are lost for the entire...Read More

Your clients, as Trustees, either individual or corporate trustees, since 1 July 2007 have declared to the ATO https://www.ato.gov.au/uploadedFiles/Content/SPR/Forms/Trustee%20declaration_SPR_n71089_19272.pdf I am responsible for ensuring that the fund complies with the Superannuation Industry (Supervision) Act 1993 (SISA) and other relevant legislation. The Commissioner of Taxation (the Commissioner) has the authority and responsibility for administering the legislation and...Read More

Having a challenge in maximising the balance in your clients SMSF? Handicapped by the reduced contribution caps, consider a loan of your client non smsf assets into the SMSF. Is a LRBA structure suitable for your clients? To establish a LRBA for your clients SMSF, an Accountant is required to make a recommendation that it...Read More

To establish a pension for your clients, an Accountant is required to make a recommendation that it is in the clients best interest, supported by a Statement of Advice.  SMSF Works has released a “is pension right for your client analytic tool”.  The analytic tool takes into account your clients personal circumstances in assessing and...Read More

To establish a SMSF for your clients, an Accountant is required to make a recommendation that it is in the clients best interest, supported by a Statement of Advice.  SMSF Works has released a “is an SMSF right for your client analytic tool”.  The analytic tool takes into account your clients personal circumstances in assessing...Read More