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Recording – What’s ahead for SMSFs in 2020-21?

COVID-19, News, Updates, WebinarBy Aaron DunnJuly 24, 2020Leave a comment

  There are many important issues and considerations for SMSFs in the current economic landscape and we were fortunate that CEO, Aaron Dunn was joined by the ATO’s Acting Assistant Commissioner for SMSFs, Steve Keating to discuss what’s ahead for SMSFs in 2020-21.   Topics covered In this live event, Aaron explores the following topics…

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Phase two relief to also assist SMSF loan arrangements

Compliance, COVID-19, LRBABy Aaron DunnJuly 13, 20201 Comment

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…

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8 things from the ATO SMSF statistics

Compliance, UpdatesBy Aaron DunnJuly 5, 20201 Comment

The Australian Taxation Office (ATO) has recently published their SMSF statistical overview for 2017-18 which provides key insights from the published data about the health and performance of the SMSF sector. There’s always a lot of focus on some of ‘headline’ statistics, which this year was around operating expenses.  The ATO has done some excellent…

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Extending free access to COVID-19 documents until 31 July

COVID-19, DocumentsBy Aaron DunnJune 30, 2020Leave a comment

    We know that many professionals are still working through volumes of work for their clients impacted by COVID-19.  We know this because we can see the number of documents that are being generated around early release of super, rent relief and more. So, to help keep everyone going, we have decided to extend…

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Revised start dates for key SMSF measures

Federal Budget, Government, Income StreamsBy Aaron DunnJune 30, 2020Leave a comment

The Federal Government has announced revised a revised start date of 1 July 2021, deferring the commencement on two proposed actuarial red tape measures that were announced in last year’s Federal Budget.  This revision are a result of the Government’s re-prioritisation of resources and the shortened parliamentary sitting period in 2020 due to the COVID-19…

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      • Binding DBN
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      • Pension Commencement
      • Partial Commutation – Cash
      • Lump Sum Payment SMSF
      • Rollback of Pension
      • TRIS to Retirement Phase
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