News

There has been some discussion in government circles about making education compulsory for anyone wishing to establish...

Many SMSFs hold assets that can't be split or sold quickly: commercial property, residential property, farmland,...

For the 3 years from 2023 to 2025 the ATO has disqualified around 2,000 SMSF trustees or trustee directors. Given that...

The 5% in-house asset test is one of the most important compliance obligations for SMSF trustees. In-house assets...

With the demise of an SMSF’s ability to acquire residential property using limited recourse borrowing there has been...

Sometimes members have superannuation life cover in more than one fund. Typically, they have an SMSF for their...

At this time of year, as members are submitting their personal tax returns, it is not uncommon for us to be told that...

Previously we considered the future service benefit deduction — a benefit that makes holding life insurance inside an...

We all know that super funds can claim a tax deduction for life insurance premiums. Far fewer know that there is an...

My posts are generally much shorter than this, but the details of this case are too important to truncate. In October...

The introduction of Div 296 has added additional impetus to account equalisation strategies. Spouse contribution...

While creating our salary sacrifice modelling tool, I was reminded of an issue that I don’t think receives the...

Members, or employers, who have left it to the last day of the year to make their contributions to an SMSF will...

The new condition that has been inserted into section 67A of the SIS Act, preventing new LRBAs being used to acquire...

In yet another broken promise, the government has agreed to the Green's demands to remove the ability for SMSFs to...