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Highlights

It’s imperative to ensure a binding death benefit nomination matches a fund’s trust deed, a leading legal adviser has said. Phil Broderick, principal for Sladen Legal, ...

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After nearly two decades, the SMSF lending market has matured into a stable and well-regulated segment – yet complexity ...

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SMSF Adviser Podcast
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Explore why SMSF trustees should consider bullion in this free webcast. Join us for an insightful, free live webcast as we delve into the ...
Explore why SMSF trustees should consider bullion in this free webcast. Join us for an insightful, free live webcast as we delve into the role that gold, silver, and platinum bullion can play in an ...

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Why you should be wary of the ATO’s tough stance on ECPI compliance

viewpoint
By sreporter
July 09 2015
1 minute read
Why you should be wary of the ATO’s tough stance on ECPI compliance
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The tax office’s updated guidance may impact thousands of SMSFs and it’s important you’re aware of the risks for your clients

The Australian Taxation Office has signalled its intention to look closely at how self-managed super funds calculate a crucial tax exemption.

The move has implications for tens of thousands of SMSFs.

 
 

In a recent speech to the Tax Institute, Assistant Commissioner Matthew Bambrick said the ATO would look closely at how funds calculate exempt current pension income (ECPI). The ATO has also recently updated its technical guidance around ECPI on its website.

To read the entire article, please click here.

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