The ATO has made a call to professional accountants to help identify and manage illegal early access to superannuation by members of self-managed superannuation funds (SMSFs). In general, access to…
Australians love property and the lure of a 15% preferential tax rate on income during the accumulation phase, and potentially no tax during retirement, is a strong incentive for many…
In a very quick turnaround from announcement to draft legislation, Treasury has released the exposure draft legislation for consultation to enact the Government’s intention to impose a 30% tax on…
What are Downsizer Superannuation Contributions? Downsizer Superannuation Contributions are a way for Australians aged 60 years or older to make a contribution to their superannuation fund after selling their family…
Clients with self managed superannuation funds (SMSF) often ask what assets the SMSF can acquire. 'Why'? The golden rule for acquiring assets inside your SMSF is why? To be compliant,…