The tax concessions afforded to complying super funds, including SMSFs are subject to strict residency criteria. Failure to comply can lead to significant penalties being taxed against both the assets and income of the fund. Three tests exist in determining whether a SMSF is an Australian super fund, including that: The fund was established in…
DetailsAs we still work through the impact of last year’s Federal Budget in readiness for 1 July 2017, tonight’s Budget delivered a much softer impact for superannuation and SMSFs specifically. A focus on this year’s Federal Budget, delivered by the Treasurer, Scott Morrison, was around dealing with the cost of living pressures and living within our…
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The SMSF Foundations Course built by Smarter SMSF is designed to provide students with fundamental knowledge regarding the operation and management of self-managed super funds. In this webinar, both Aaron & Tim provide an important update to the existing course and share valuable insights into the future direction of Smarter SMSF”s courses. Watch this webinar…
DetailsIn a recent Australian Taxation Office (ATO) SMSF New Measures Consultation Forum (held on 28 March 2017), the ATO indicated that ‘events’ based reporting will be required for the following transfer balance cap events: When a SMSF complies with a commutation issued by the Commissioner; When there is a full commutation of a member SMSF…
DetailsWe are pleased to advise the launch of our SMSF Day online course. Following a successful series of events around Australia, the online course has been created from the SMSF Day in Melbourne on 7 April 2016. What does the SMSF Day online course look like? With the SMSF Day course has been broken into the four…
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