Financial adviser is independent, what does that mean? The terms “independent”, “impartial”, or “unbiased” or similar terms can only be used to describe financial advisory businesses that meet certain conditions under the Corporations Act.
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SMSF taxable assets double, is your fund affected? Is your fund affected? New research has shown the transfer balance cap and reduction of tax concessions for transition to retirement pensions have achieved their policy outcome and made more SMSF assets taxable.
Super and Financial Planning, Self-Managed Superannuation Funds
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Super guarantee underpayments, employer amnesty to May 2019. Are you an employer that’s fallen a little behind on super guarantee (SG) payments for your employees?
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Downsize to boost your super from sale of family home. From 1 July 2018, people aged 65 or over will be able to make additional non-concessional contributions of up to $300,000 from downsizing their home subject to certain conditions.
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Sole purpose test is an area of concern for SMSF trustees. If you are the trustee of one of the approximately 577,000 SMSFs in Australia at the moment, there are some areas the ATO wants you to pay particular attention to including the sole purpose test, the in-house asset rules, unlawful schemes and arrangements, and dividend-stripping.
Super and Financial Planning, Self-Managed Superannuation Funds
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Super, Growing your super will give you a good retirement. Are you nearing retirement or just want to put a little extra away for the future without putting a strain on your household budget?
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Early release of super, when is it legal to drawdown. Contrary to what illegal early access of superannuation promoters may say, you cannot get your super early to pay for a holiday or buy a car.
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SMSF discretionary powers override wills with death benefits. Death of a family member is often a difficult time, but if the deceased was a member of SMSF, complications from trustee arrangements and payment of the death benefit can make a difficult time even worse for the family members.
Super and Financial Planning, Self-Managed Superannuation Funds
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SMSF auditor appointments, are you still compliant? Are you the trustee of an SMSF? Then you should know all about the obligation to appoint a registered auditor to audit your SMSF every year.
Super and Financial Planning, Self-Managed Superannuation Funds
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Super guarantee payments, make sure you get them right. Paying the right amount of super to your employees can at times be a complex exercise, with the threshold changes in the recent years and the contribution base which changes every year according to indexation factors.
Business Tax, Super and Financial Planning
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