by smsf | 26 Jul 2023 | News
The safe harbour provision interest rate to be charged to SMSFs with related party loans has increased by a whopping 3.5% for the 2023/2024 financial year. It’s now 8.85% for real estate and 10.85% for listed securities. This may encourage trustees to sell the... by smsf | 18 Jul 2023 | News
There has been significant comment on the government’s proposed treatment of general non-arm’s expenditure in SMSFs but what is a general expense. General expenses include: Actuarial costs Accountancy fees Audit fees Costs in connection with the calculation and... by smsf | 13 Jul 2023 | News
A lot has been written on the business process possibilities of using ChatGPT so it’s likely that you may be experimenting with it or will be doing so soon. Just be careful. It learns from, and is trained on, all information inputs. In short,... by smsf | 3 Jul 2023 | News
SMSFs provide significant investment flexibility but are subjected to restrictions surrounding related party dealings and associated schemes to prevent trustee/members from using their SMSF control for their personal betterment. There is a line that can’t be... by smsf | 23 Jun 2023 | News
Hopefully trustees have not left their contributions and pension payments to the last minute as there is a likelihood that they may not be completed by 30th June if electronically initiated this week. As a solution, SMSFs can find a promissory note useful to back a...