ATO ANNOUNCES NEW PENALTIES FOR SMSF’s
From 1 July 2013, where SMSF contraventions or non-compliance issues occur, the ATO has implemented a new Penalty Regime for SMSFs. In 2013 and previous…
INVESTING OVERSEAS (USA) PROPERTY USING MY SMSF
Many self-managed superannuation fund (“SMSF”) investors are interested in smsf investing in overseas property and request information on purchasing a property in the United States (“US”) through…
Superstream Extensions For SMSF’s
The Federal government announced that the date by which superannuation funds must comply with the SuperStream contributions data standards has been pushed back to…
Bye-Bye NRAS for SMSF Investors – The Government Acts….
There has been significant interest from Self Managed Superannuation Fund (“SMSF”) investors in the national rental affordability scheme (“NRAS”), which is designed to encourage large-scale…
Is Your SMSF Ready For “Superstream”?
Employers will soon need to make super contributions to SMSF via SuperStream All funds, including SMSFs, need to be ready to receive the contributions as…
Should I use a Corporate Trustee or Individual Trustee for my SMSF?
Over 80% of the approximately 500,000 self managed superannuation funds (SMSF) are set up as individual trustees. In my view, this is a mistake, however…
Should I Use My Self Managed Super Fund To Invest In Carparks?
The power of Self Managed Superannuation Funds (“SMSF”) has become more publicised of late, the Reserve Bank of Australia even attributing SMSF’s for a possible…
Buying Gold with my SMSF
Many Australians consider using their SMSF to invest in precious metals such as gold and silver for security, diversification of investments and protection of wealth.…
Can I still transfer shares I own to my Self Managed Superannuation Fund (SMSF)?
Short answer is “Yes”, you can. Off market transfers will continue to be considered legitimate according to a recent announcement by the Coalition government.…
Can I Reimburse the SMSF for Expenses Paid Personally?
Short answer is “Yes”, you can, under certain conditions. A short example will be used to explain the answer. One of our clients…