General
October 7, 2015
The ATO Gets Smart…“The old 2 years of Concessional Contributions in 1 year trick”.. NEW CHANGES – CONTRIBUTION RESERVE
Those who watched Get Smart back in the 70’s and 80’s would know about Agent 86’s classic one liners! Well, as he said in the classics, “the old – 2 years of Concessional Contributions in the 1 year trick” can […]
General
October 5, 2015
How & When a Contribution is made to a Superannuation Fund
How often are you left with a client who makes a contribution after the date you tell them to? For example, if you told your client to make a contribution the week before 30 June, however, due to the client’s […]
General
January 18, 2016
Comparing SMSF’s Investments in Unit Trusts
There are various types of unit trusts a SMSF can invest in, which in turn leads to confusion regarding in-house asset issues and whether it can be acquired from […]
General
November 23, 2015
Collectables and Personal Use Assets – The Deadline is Looming!
Collectables and personal use assets have been a very enticing investment for SMSFs for many years. It’s simple, the SMSF purchases a painting, a motor vehicle, jewellery, wine etc. etc. and then the trustees use the assets ‘incidentally’ or ‘insignificantly’. […]
General
September 26, 2017
Strategies to Eliminate Death Benefit Taxes
WHAT IS DEATH BENEFIT TAXES? Death benefit taxes are something that can be very complicated and unexpected for beneficiaries of a Superfund death benefit payment, particularly where that deceased member has not implemented the appropriate estate planning strategies. When it comes […]
General
September 15, 2015
SuperAA Guide to Determine a Related Party
It is important to understand who a related party is of a Self-managed Super Fund (SMSF’s) as there are several guidelines around the acquisition of certain assets and the size of related party investments an SMSF can make (specifically In-House […]
General
September 8, 2015
One-Off Re-Contribution Strategy before age 60
What is a Re-Contribution Strategy? If you have clients under 60, a quick review of their members balance could reveal a strategy that should be jumped on. Under the re-contribution strategy, your client will need to be considered retired from the […]
General
September 26, 2017
Trustees Moving Overseas… SMSF Residency
SMSF Residency If one of your SMSF clients were to call you today and let you know they are planning to move overseas on a permanent or temporary basis, would you be able to provide your client with the appropriate […]
General
September 1, 2015
Ins & Outs of a Reversionary Pension
What is a Reversionary Pension? A reversionary pensions refers to a type of pension that is designed to revert to a dependant beneficiary after the death of the member who is in receipt of an account based pension or transition […]
General
August 24, 2015
Offshoring compliance – be prepared, or prepare for failure!
From the 27th – 29th of July, we attended and spoke at the Smithink Offshoring Conference. Many accountants travelled from across the country to attend this event, with an aim to grasp a better understanding on outsourcing and how it can […]