Over the past 12-18 months we have seen a heightened level of interest in SMSF establishment as more individuals take a greater interest in the decision making and control of their retirement savings. This has been reflected in the number of orders through our Smarter SMSF platform too, but one area of frustration has been…
Details
As part of the ATO’s response for SMSF trustees dealing with the coronavirus pandemic (COVID-19), it provided relief for funds with a compliant limited recourse borrowing arrangement (LRBA) that had a loan with a related party. This COVID-19 relief essentially allows for a SMSF that was complying with the ‘safe harbour’ for real property in…
DetailsWe are pleased to advise of the upcoming launch next week of our partial commutation documents within Campus. This new document will allow for members to be able to generate a partial commutation of an existing account based pension (ABP) in accordance with the Commissioner’s guidance within taxation ruling, TR 2013/5 and specifically SMSFD 2013/2.…
Details
The most recent BGL sprint release saw the number of Smarter SMSF documents now available within BGL’s Simple Fund 360 grow to more than 20 documents. Over recent months, the Smarter SMSF development team has aligned the release of documents with the BGL product team to ensure timely release of SMSF documents for use. Importantly,…
Details
There’s been a significant number of individuals who have been impacted by the coronavirus pandemic to such an extent that it is deemed warranted to utilise the Government’s initiative to take an early release payment on compassionate grounds due to the coronavirus. You can read our previous blog post on this topic for more details.…
Details