SMSFs urged to notify accountants about personal deductible contributions
Keeli Cambourne
SMSFs, unlike APRA funds, do not have a mechanism to advise the ATO when a member has made a personal deductible contribution, warns an ...
SMSFs, unlike APRA funds, do not have a mechanism to advise the ATO when a member has made a personal deductible contribution, warns an ...
Turning 75 can be complicated when it comes to super contributions and it’s important to plan carefully to take full advantage of tax ...
It is up to the individual to ensure they have satisfied the work test or the work test exemption, and they must also be prepared to provide ...
The changes made to the contribution acceptance rules have been in place for over a year now. The ‘work test’ for those aged 67 to 75 (up to ...
For those with a super balance under $500,000, the 2024 financial year is the final year unused concessional contributions from the 2019 ...
There are a number of things to consider if clients are considering taking their money out of super in response to the $3 million super tax ...
With a new income year starting, it is important to consider a fund’s ability to claim exempt current pension income (ECPI) in the current ...
Being able to carry forward unused annual concessional contributions (CCs) cap amounts since 2018–19 provides some much-welcomed planning ...
SMSFs need to make sure their cash flow is adequate to ensure they can meet the obligations for things like LRBAs and related party loans, ...
Starting the pension commencement phase of superannuation used to be easy but with the recent changes to the work test and retirement now a ...
Inflationary pressures may see a surge in downsizer contributions as people try to maintain cash flow and debt servicing, predicts an SMSF ...
My client Judy had $1.5m in super at 30 June 2022. She was originally going to make non-concessional contributions of $220,000 this year ...
There’s still a lot of confusion around Transfer Balance Cap (TBC) and Total Superannuation Balance (TSB) but the two are very different ...
A leading SMSF adviser has warned of a “quirk” in the unclaimed super process that could end up costing members a contribution excess or ...
The younger generations are accustomed to getting things quickly but it’s time to educate them that good things come to those who wait, says ...
Trustees who do not comply with an authority to release non-concessional contributions could face fines of up to $5,500 warned an SMSF ...
It’s time to take advantage of this year’s changes to super to put your SMSF in the best possible position for the next financial year
Getting the timing right on contributions is just one of a host of things SMSF members need to pull together before the end of the tax year
As we approach 30 June, many clients will be wanting to maximise not only the amount they can contribute to super but also the maximum ...
Spouses or partners of a deceased SMSF member will not get the benefits of losses that had previously been attributable under the proposed ...
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