June 15, 2018

Smarter SMSF

What the best practitioners use

SMSFs to provide an accumulation phase value in certain circumstances

Income Streams, Total Superannuation BalanceBy Aaron Dunn June 15, 2018 Leave a comment

The ATO has provided further information on the reporting in certain circumstances of a member’s Accumulation Phase Value within the Transfer Balance Account Report (TBAR). SMSFs will need to provide an accumulation phase value (APV) on a transfer balance account report (TBAR) for 30 June 2017 in certain circumstances. APV is a component of a…

ATO SMSF News Alert – advice for funds where members have a market linked pension

Income StreamsBy Aaron Dunn June 15, 2018 Leave a comment

The ATO have provided important updated guidance for recipients of Market-Linked Pensions (MLP) as a result of an unintended consequence in the legislation that provides a nil value on commutation of the capped defined benefit income stream. In some instances, members have commuted the MLP within a SMSF post 1 July 2017 for transfer balance…

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