New option for SMSFs with bankrupt member
A recent case shows that a previously untested option might be available for bankrupt SMSF members.
Up-to-date, specialised strategy is core component of an SMSF professional’s arsenal. SMSF Adviser analyses and interprets regulatory and legislative changes to ensure the SMSF sector is kept informed on the tips, tools and best practice for serving SMSF trustees.
A recent case shows that a previously untested option might be available for bankrupt SMSF members.
Binding death benefit nominations can be a useful tool in SMSF estate planning, but there can be pitfalls for the unwary.
A recent judgment confirms that particularly for superannuation funds, the decision of a trustee may be reviewable for want of ‘properly ...
The ATO has recently updated its guidance on how the transfer balance cap (TBC) rules apply where a market linked pension (MLP) that was in ...
Many believe super is tax effective. However, Australia has the highest tax rate in the world on retirement savings in certain situations.
While the ATO has extended its compliance relief for non-arm’s length expenditure of a general nature, it's still worth reviewing potential ...
The recent case of Ian Mark Collins & Mieneke Mianno Collins ATF The Collins Retirement Fund and Commissioner of Taxation [2022] AATA ...
Many SMSFs are having to reconsider storage options for collectables following the closure of safety deposit box facilities. What factors ...
The ATO requirement to include comparable sales in a kerbside valuation for property held in an SMSF results in delays. For everyone. But ...
The recent decision on Hill v Zuda Pty Ltd [2022] HCA 21 has confirmed that regulation 6.17A has no application to an SMSF.