The Tax Office has reiterated that SMSF Trustees should be mindful of the legislative framework around super funds. On 14 December 2013, the government announced that it would proceed with legislative changes that give the ATO greater powers in dealing with SMSF Trustees who breach superannuation law. From 1 July 2014, if SMSF Trustees fail […]
Can you purchase gold with a super fund? The answer is yes. There are several ways to invest in gold using your superannuation. Investing in the precious metals market is a nice way to diversify your portfolio. Diversification is important since it allows people to have balance in their assets and risk profile. If you […]
All SMSFs that have not lodged their Annual Return for 2 or more Financial Years will be removed from the Super Fund Lookup until all the overdue returns are brought up to date. All newly registered SMSFs are encouraged to lodge their first return on time. For SMSFs that fall into this category and who […]
From 1 July 2013, the method of paying supervisory levy for the SMSF will be changed. The supervisory levy payable amount will base on the year of operation, rather than in arrears. For the SMSFs that were registered prior to 2013/2014 Financial Year, when they lodge their 2013/2014 SMSF Annual Return, the total payable supervisory […]
See this page: http://www.smsfwarehouse.com.au/smsf-estate-planning/ Estate planning, or SMSF wills, are becoming more topical. See the new content we posted on this page.