Current Issue
SMSF End of Financial Year Review (Issue 2-2010)
As each Financial Year draws to a close there are a number of issues Trustees of a SMSF need to take into consideration. Our latest Technical Bulletin highlights a couple of key issues that should be reviewed with a particular focus on pension withdrawals and contributions
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Past Issues
Pension Assets and CGT (Issue 1-2010)
Our latest Technical Bulletin focuses on the issues surrounding transferring assets from a SMSF paying a pension. We examine when CGT will apply and what opportunities exist to reduce the Fund’s tax liability and increase the Member’s rollover balance.
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Accepting Superannuation Contributions (Issue 4-2009)
Our latest Technical Bulletin focuses on the draft Taxation Ruling released by the ATO in June this year regarding superannuation contributions. The bulletin reviews the definition of a contribution and outlines how and when a contribution is made.
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Budget Special (Issue 3-2009)
Our latest Technical Bulletin focuses on the 2009/2010 Budget. There were no unexpected announcements made in the Budget however there were a number of issues worth noting for your clients that may be of assistance, particularly for those in retirement
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Australian Superannuation Fund (Issue 2-2009)
The ATO recently released Taxation Ruling 2008/9 – The meaning of ‘Australian superannuation fund’. The attached bulletin revisits the issues previously identified for SMSF trustees travelling abroad and gives greater clarity to the requirements to maintain a Resident Superannuation Fund
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Opportunities in a Depressed Market (Issue 1-2009)
The current financial crisis has many long term SMSF portfolios down in value over the past 12-18 months. With attention focussing on the negative impact we have highlighted some potential strategies for a fund transitioning to a pension or maintaining pension and accumulation interests.
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Deductions for Death Disability (December 2008)
Our latest Technical Bulletin looks at the various tax tips and traps when paying a death benefit and identifies some deductions available to SMSFs.
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Transition to Retirement (September 2008)
In our latest issue we look at Transition to Retirement pensions and the effect of declining investment values to ensure members don’t exceed the 10% drawing maximum from 1 July 2008. We revisit the rules associated with paying a Transition to Retirement pension and highlight the issues Trustees & Members should be aware of...
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Related Party Acquisitions (July 2008)
Self Managed Superannuation Fund (SMSF) Trustees acquire assets from related parties on a daily basis but are they aware of the restrictions placed
on related party acquisitions and the consequences of breaching the rules of such a transaction. We examine what constitutes an acceptable related party
acquisition and some handy steps to take to ensure you don t wear the wrath of the Fund Auditor or the Australian Taxation Office...
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Contribution Limitations - If the "CAP" fits (March 2008)
The introduction of contribution caps announced in May 2006 has the greatest
potential to impact on members future retirement benefits. We address the consequences of exceeding the concessional and
non-concessional contribution caps and provide some guidance to
ensure maximum contribution benefit..
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Borrowing within a SMSF - The New Instalment Warrants (January 2008)
Recent amendments to the Superannuation Industry (Supervision) Act 1993
("SIS Act"), effective from 24 September 2007, now permit superannuation
funds to borrow money of a limited recourse nature for investment purposes
in certain circumstances....
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Expatriate Trusteeship - Post 1 July 2007 (September 2007)
In December 2006 Cavendish released a Technical Update titled Expatriate Trusteeship dealing with the issue of members/trustees residing overseas. Since that release the Government legislated their Better Super initiatives that included a subtle but significant change to the definition of a Resident Superannuation Fund , now an Australian Superannuation Fund...
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Transitioning to the New Superannuation World (June 2007)
As 1 July approaches there are a number of issues leading into and moving
beyond the new superannuation regime that you should be aware of. We
have highlighted the issues that most affect members of Self Managed
Superannuation Funds (SMSF).
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Investing in Collectibles (May 2007)
Many Self Managed Super Fund (SMSF) Trustees are attracted to the idea
of investing in collectables. Whilst collectables are not elaborated on in
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Expatriate Trusteeship (December 2006)
Whether it is the allure of foreign soil, corporate restructure or just the need
to try something different, more and more people are giving consideration to
the opportunity of travelling or working overseas.
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Post-Budget Decisions Update (September 2006)
Once the dust settled after the surprise announcement to simplify and
streamline the Superannuation on Budget night 9 May 2006, the public
were given the opportunity to provide the Government with their
feedback.
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2006/07 Budget Special (May 2006)
The Government has a knack of pulling superannuation rabbits out of
their budget hat and the 2006-07 Budget was no different. 9 May 2006
may well be remembered as a landmark day in superannuation history...
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Splitting Under the Knife (April 2006)
In mid December 2005 a milestone in the history of the Australian
superannuation system was reached with the timely passing of the Tax Laws
Amendment (Superannuation Contributions Splitting) Bill 2005, resulting in
the commencement of superannuation contribution splitting...
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Commencing Pensions Before Retirement (November 2005)
You can start your pension before you retire and still come out on top!
Essentially the new regulations provide added flexibility for accessing
superannuation and altering existing superannuation arrangements for
taxpayers who have reached preservation age.
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Arranging Insurance Within an SMSF (October 2005)
A recent survey found that Australians in general have inadequate levels
of personal risk insurance held both inside and outside of
superannuation. The result also highlighted that nearly one third of
respondents held no personal risk insurance!
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Property Development Within an SMSF (September 2005)
We have received a number of enquiries in the past few months in relation to
Self Managed Super Funds (SMSFs) undertaking solely or participating with
other parties in property development.
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