17 03, 2020

How about stimulus for self-funded retirees?

By | 2020-11-11T22:55:27+00:00 March 17th, 2020|SMSF|0 Comments

The federal government’s coronavirus stimulus package is without doubt generous, but they’ve forgotten about one important segment of our community – self-funded retirees. Once a super fund member moves into pension mode, they are required by law to draw a minimum amount out of the pension account each year. This is calculated as a percentage [...]

2 12, 2019

When things get NALI

By | 2020-11-11T22:55:43+00:00 December 2nd, 2019|SMSF|0 Comments

What is NALI? Non Arm’s Length Income (NALI) is income which is received by a fund in excess of what is reasonably expected to be received in a commercial and arm’s length transaction.  Likewise an expense which is normally incurred in gaining or producing certain income is not paid can result in the income received [...]

22 11, 2019

Superannuation death benefit limitations

By | 2020-11-11T22:55:55+00:00 November 22nd, 2019|SMSF|0 Comments

As an SMSF trustee, you need to take special care when paying death benefits as you are responsible to ensure that the payment rules are met. Strict rules apply, affecting who can receive a death benefit, the form in which the death benefit can be paid and the timing of such a payment. Firstly, death [...]

3 06, 2019

Year End Planning

By | 2020-11-11T22:56:31+00:00 June 3rd, 2019|SMSF|0 Comments

As the end of financial year 2019 is upon us, it’s time to maximise contributions, ensure you’ve satisfied minimum pension drawings and optimise your tax position prior to 30 June. Things to consider: Top Up Your Super Contributions Bring Forward Super Contributions Make a Spouse Contribution Get a Government Co-Contribution Lodge Your Deduction Notice Review [...]

30 05, 2019

Top Ten Benefits of an SMSF

By | 2020-11-11T22:56:59+00:00 May 30th, 2019|SMSF|0 Comments

Self Managed Super Funds (SMSFs) are a growing, popular and significant sector in Australia’s superannuation industry – and here’s why! You can be more engaged with your super Many of Australia’s superannuants have little understanding what their superannuation balance is or even how their superannuation is performing. For many, superannuation continues to be a great [...]

3 04, 2019

SMSFs and the Federal Budget Update 2019

By | 2020-04-23T01:58:25+00:00 April 3rd, 2019|SMSF|0 Comments

We were surprised yet overall rather pleased with the outcome of the 2019 Federal Budget Update and the impacts on SMSF. Compared to past years where drastic changes have been implemented (most recently the Super Reforms), the announcements made last night all have a positive impact on the SMSF industry. Helping Australians to save for [...]