by David Busoli | 22 Sep 2025 | News
We have come across an intriguing case I’d like to share with you. In the 2024 year, a member received employer contributions of $6,576.64 and made personal deductible contributions of $20,923.36 – a total of $27,500. The member also made a non-concessional... by David Busoli | 9 Sep 2025 | News
I’d like to recap on a couple of educational tools that advisers may use when speaking to potential new SMSF trustees. The usual advice and qualification requirements may be enhanced by our You Tube video that compares SMSFs with large APRA funds. At over 12 minutes,... by David Busoli | 4 Sep 2025 | News
About 80% of new funds are established with corporate trustees. Tellingly, the percentage is higher when financial planners are involved but much lower when they aren’t. About 60% of existing funds have individual trustees. Why are corporate trustees to be preferred?... by David Busoli | 27 Aug 2025 | News
The ATO has released its Corporate plan 2025-26 and has mentioned specific items relevant to SMSFs. The ATO will be focusing on the increasing number of outstanding SMSF annual returns. Trustees of such funds can expect to be contacted, particularly those that have... by David Busoli | 21 Aug 2025 | News
Though the work test is no longer required for members to contribute up to age 75, it is still required if a personal tax deduction is to be taken once the member reaches age 67, unless a work test exemption applies. The exemption allows eligible individuals to make...