Running your own super fund means you have extra responsibilities as a trustee If you’re running your own self-managed superannuation fund (SMSF) you’re likely to be acting as both a member and a trusteei. The two roles are very different. As a member you’re making and receiving contributions to...
It’s been a long time coming but members are finally able to use the catch-up concessional contribution rules for the first time this year (2019–20).
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SMSF auditors are expected to focus more clearly on specific details and evidence around a fund’s investment strategy in the coming year as the industry continues to feel the ripple effects from the ATO’s diversification letter campaign of 2019.
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Making an extra voluntary contribution now might improve your lifestyle once you retire. A new year’s as good a time as any to make plans. How about a gift to your future self by maximising your retirement contributions? It’s not as far-fetched or self-absorbed as it might...
The ATO has renewed its commitment to making sure super is “visible, valued and owned” in 2020, naming consolidation of member accounts and reducing the incidence of SG non-payment as some of its key priorities for the coming year.
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Running your own super fund means you have extra responsibilities as a trustee If you’re running your own self-managed superannuation fund (SMSF) you’re likely to be acting as both a member and a trustee. The two roles are very different. As a member you’re making and receiving contributions to...
Learn more about the latest super reforms and what they could mean for you. Putting Members’ Interests First legislation Putting Members’ Interests First (PMIF) law was passed in September 2019. It aims to prevent certain people being charged for insurance inside their super that they may not...
The ATO wants to ensure that, when an SMSF has a significant majority of its investments in a single asset class, the trustees have considered, as part of the investment strategy, the risks which could arise from that limited diversification.
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Under the current rules, the maximum amount of “concessional” superannuation contributions that can be claimed is $25,000.00 per person per annum.
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The ATO has provided further instructions for SMSF trustees and directors around how they can prepare their funds for the advent of the myGovID system early next year.
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He is also an accomplished presenter and educator
Co-authoring the popular investment book, Property vs Shares.