News

A spouse contribution split enables members to relegate after-tax concessional contributions to an eligible spouse who...

The dollar value of ATO penalty units has increased from 1st January so SMSF administrative penalties have increased...

A breach of the sole purpose test is one of the more serious SMSF breaches. It is a particular focus of both auditors...

It’s far too early to celebrate but the tax office is finally launching a consultation process to consider the tax...

ASIC has just released Tips for giving self-managed superannuation fund advice in Information Sheet 274. It’s targeted...

The downsizer age limit will reduce to 55 from January 1. The contribution must be made within 90 days of settlement...

As predicted in my last post, the government has announced a 2 week extension to the DIN application deadline. With...

There’s an old, inflation adjusted adage that if you owe the bank $1M and can’t pay it, you have a problem, but if you...

The case of Macalister [2021] FCA 1455 involves a successful application by the bankrupt directors of a sole purpose...

FEDERAL COURT OF AUSTRALIA Macalister, in the matter of an application by Macalister [2021] FCA 1455 Macalister, in...

The 30 November deadline for obtaining a Director Identification Number is almost upon us so it is gratifying to note...

Members of SMSFs with limited recourse borrowings often have the intention of paying off the debt using future...

When a primary pensioner dies, the pension continues to a reversionary beneficiary. Though that’s obvious it’s useful...

Now that non-concessional contributions are not subject to the work test right up to 75, the opportunity to influence...

With less than 7 weeks left before the 3oth November Director Identification Number deadline you need to check that...