Redwood Advisory SMSF
The government introduced a director ID as a means to prevent false and fraudulent use of a director’s identity and to support regulators and external administrators to track directors across various companies to identify and prevent illegal activities. This applies to all ASIC registered companies. From the 5th April 2022 all directors of a company need a…
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The ATO has released guidance on the changes to Limited Recourse Borrowing Arrangements (LRBAs) on the new LRBA rules ahead of their 10 August commencement date, providing important clarification on how the transitional rules will operate. Importantly, the ATO new guidance clarifies the treatment of off-the-plan purchases, confirming that transactions can remain protected where a…
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It’s usually June where SMSF members are going crazy trying to think about tax minimisation strategies from salary sacrifice to voluntary contributions and carry forward contributions. However, July is a prefer time to plan ahead and avoid the stress of June deadlines. Salary sacrifice Its important to note that the contribution cap has been increased…
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During July, the ALP and the Greens struck a deal which shocked many to close the limited recourse borrowing arrangement (LRBA) exemption for self-managed superannuation funds. This move shocked many as banning SMSF loans or SMSF Property was not on the agenda. It is important to note that the LRBA will impact only residential property…
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During July, the ALP and the Greens struck a deal which shocked many to close the limited recourse borrowing arrangement (LRBA) exemption for self-managed superannuation funds. This move shocked many as banning SMSF loans or SMSF Property was not on the agenda. The May budget and the negative gearing changes have changed the property landscape…
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The May 2026 Federal Budget did not bring major direct changes to superannuation, but it did shake up the tax system overall with the biggest changes since the Keating years. In relation to Self Managed Superannuation Funds (“SMSFs) the announcements were rather positive as the Div296 taxes were already introduced. The fallout from the announcement…
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For the last few years the government has been pushing SuperStream and other reforms as a way for members to easily “super switch”. That is, you can leave one fund and join another in a much more seamless way than before. The Australian Taxation Office has been a key driver of this, with initiatives like…
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From 1 July 2026, the way super gets paid is changing. No more waiting until the end of the quarter. No more 28-day grace periods. Super will now be paid at the same time as wages. What’s Actually Changing? Under the new rules, employers must pay Super Guarantee (SG) at the same time as wages.…
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Winding up an SMSF can occur for a number of reasons from i’m over the burden and responsibility of SMSFs, failing health, disagreement/ separation of members and in the worst case your fund is non compliant and the ATO has directed you to wind up the fund. Wind up considerations There is a heap of…
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When SMSFs borrow to buy property under a Limited Recourse Borrowing Arrangement (LRBA), its always confusing which name is on the expenses and agreements. Its important to know that the property under a LRBA is registered or titled in the “Bare Trustee” not the SMSF and not your personal name. So if the property is…
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