Blog / SMSF

ABN Reform will include SMSF

An ABN reform may cause another compliance matter for SMSF trustees.

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01 Aug 2018

SMSF Current Issues

Daniel Butler, DBA Laywers, one of the leading lawyers on SMSF discussing the recent changes to SMSF.

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01 Aug 2018

Proposal to Simplify Superannuation Rollovers

Draft regulations released on 17 July 2018 propose to extend SuperStream to SMSF rollovers from 30 November 2019.

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01 Aug 2018

Property and my SMSF

Directly held property makes up approximately 19% of all SMSF assets, indicating that many SMSF trustees consider it’s an important and significant part of a diversified portfolio. There are numerous strategies and ways for property to form part of an SMSF’s investments and each must be carefully considered.

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04 Jul 2018

Market-Linked Pensions

The ATO have issued SMSF News Alert - advice for funds where members have a market-linked pension

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04 Jul 2018

Contribution Reserving Strategy

Article by DBA Lawyers highlighting some reasons why a contribution reserving strategy may be used by an SMSF, and also briefly discusses the risks and some of the associated compliance issues.

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04 Jul 2018

Proposed SG amnesty raises opportunities and risks

Article by DBA Lawyers on the proposed SG amnesty raises opportunities and risks.

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04 Jul 2018

Strategies to reduce your total superannuation balance: Part 1

A two part article by DBA Lawyers on strategies to reduce your total superannuation balance - Part 1

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04 Jul 2018

Strategies to reduce your total superannuation balance: Part 2

A two part article by DBA Lawyers on strategies to reduce your total superannuation balance - Part 2

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04 Jul 2018

What's new and proposed from July 2018 - SMSF

SMSF - What's new and proposed from July 2018

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06 Jun 2018

Franking credits and your SMSF

Understanding franking credits and your SMSF.

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23 May 2018

May 2018 Budget - Superannuation

This article we look at the proposed changes to superannuation in the May 2018 Federal Budget.

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09 May 2018

Total Superannuation Balance Explanation

In the new world of superannuation (post 1st July 2017) the superannuation balance become very important regarding a few new rules. The article from DBA Lawyer will provide further explanation.

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11 Apr 2018

Contribution reserves post SMSFRB 2018/1

The ATO released a guideline regarding its view about SMSF reserves. This article from DBA Lawyer looks at how the strategy of contribution reserves has been effected by this guideline.

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11 Apr 2018

Superannuation Contribution Strategy

With the end of the financial year fast approaching, it is time to start thinking about income tax deductions. This article looks at the superannuation contribution advantage created as the result of the 1st July 2017 superannuation changes.

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11 Apr 2018

Why it is important to keep the SMSF Trust deeds updated

The deed of the SMSF is a very important document that can be easily overlooked in the day to day running of the SMSF. However one should never under estimate the importance of the wording in the document as it is the foundation of the SMSF.

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11 Apr 2018

Starting a pension in SMSF

Starting a pension is a critical component of any member's retirement plans. Getting the process right is, in turn, a critical part of executing those plans. The tax benefits which flow from getting the commencement process right are the glue which holds together all the various components and makes the whole of the member's retirement plans work. The following is a suggested 10 step check list to follow when starting a pension in SMSF.

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21 Mar 2018

Downsizer contribution for SMSF

Article by DBA Lawyers in relation to downsizer contributions which allows super fund members over aged 65 to contribute to super if they sell their home under certain circumstances.

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14 Feb 2018

SMSFs and dealing with employee share schemes

An article by DBA Lawyers discussing dealing with employee share scheme interests.

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14 Feb 2018

Triggering your bring forward non-concession caps

An article by DBA Lawyers which examines the criteria that individuals must meet before they can trigger a ‘bring forward’ of their NCCs cap post-1 July 2017 and highlights some of the complexities associated with utilising this strategy post-1 July 2017.

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14 Feb 2018

First home super saver scheme

An article by DBA Lawyers discussing how the first home super saver scheme will work for SMSF.

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14 Feb 2018

BDBN held court challenge

Article by DBA Lawyers on the 2017 Supreme Court challenge to BDBN fails due to valid service on corporate trustee.

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08 Nov 2017

You need to review your Superannuation death benefits

The introduction in July 2017 of the $1.6 million Transfer Balance Cap (TBC) (to read more click here) also applies to pensions paid to your dependants after you die (called death benefit pensions or reversionary pensions.

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08 Nov 2017

Issues around a second SMSF

Article by DBA Lawyers regarding the strategy of using a second SMSF.

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11 Oct 2017

Bankruptcy and death benefit

An article by DBA Lawyers regarding the death benefit payment and bankruptcy.

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11 Oct 2017

Super Tip - Convert your super into a tax-effective retirement income

SUPER TIP – Simple explanation of super strategies: Convert your super into a tax-effective retirement income

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27 Sep 2017

Super Tip - Top up your super with help from the government

SUPER TIP – Simple explanation of super strategies: Top up your super with help from the government

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27 Sep 2017

Super Tip - Top up your income when cutting back work

SUPER TIP – Simple explanation of super strategies: Top up your income when cutting back work

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27 Sep 2017

Super Tip - Convert business capital into tax-free retirement benefits

SUPER TIP – Simple explanation of super strategies: Convert business capital into tax-free retirement benefits

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27 Sep 2017

Super Tip - Make insurance more affordable

SUPER TIP – Simple explanation of super strategies: Make insurance more affordable

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27 Sep 2017

Super Tip - Sacrifice pre-tax salary into super

SUPER TIP – Simple explanation of super strategies: Sacrifice pre-tax salary into super

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27 Sep 2017

US Direct Investment Potential Tax Issues

There are a couple potential tax issues with US direct investment held by a SMSF which we explain further in this article.

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13 Sep 2017

The ATO view on TRIS “Conversion” may cause issues

It is important to understand that the ATO accepts that the TRIS can adopt the ECPI’s more favourable tax treatment when the member meets the condition of release. However the ATO holds the point of view that the TRIS does not convert to ECPI Account Based Pension (ABP).

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13 Sep 2017

SMSF is required to use unsegregated method for some members

From 1 July 2017, SMSFs are required to adopt the unsegregated method when calculating exempt current pension income where the fund is paying a retirement phase income stream, and a member has a total superannuation balance of more than $1.6 million and is receiving a retirement phase income stream from any fund.

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16 Aug 2017

Conditions of Release with NIL Cashing Restriction

For members of a superannuation fund to take money out of their super the member needs to meet a condition of release. The following are the conditions that will allow the member to access their super with “nil” cashing restrictions.

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19 Jul 2017

Understanding the SMSF’s Income Stream Post 1st July 2017

Post 1st July 2017 an SMSF can establish one of two version of Account Based 1. The Transition to Retirement Income Stream (TRIS) and; 2. The Exempt Current Pension Income Stream (ECPI) The following article gives you more information regarding the TRIS and ECPI.

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19 Jul 2017

Total superannuation balance and small business CGT contributions post 30 June 2017

The following is an informative article from DBA Lawyers regarding Total superannuation balance and small business CGT contributions post 30 June 2017.

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19 Jul 2017

What’s the status of the transition to retirement income stream?

The following is an informative article from DBA Lawyers regarding the status of the transition to retirement income stream.

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19 Jul 2017

Superannuation Thresholds 2017-2018

Superannuation Threshold for 2017-2018 including Super Contributions, Division 293 tax threshold, Government Co-Contribution, Low Income Superannuation Contribution (LISC), Super Lump Sum Benefits, Minimum and maximum percentage factors, Tax Free part of genuine redundancy and early retirement scheme payments and Termination Payments

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21 Jun 2017

Federal Budget Briefing Paper - Superannuation

Federal Budget 2017 Superannuation - includes information on the following: Contributing Proceeds From Sale Of Home, First Home Saver Scheme, Non-Arm’s Length Arrangements

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10 May 2017

The Trump Effect and your retirement funding

Will the Presidency of Trump benefit your retirement funding or will it harm it ?. In other words, will the investment market flourish and head us towards the biggest growth period in recent history? Or will America head towards civil unrest and which will lead into a global recession?

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15 Mar 2017

Impact of the superannuation reforms on child pensions

Article by Rebecca James, DBA Lawyers on the subject of the superannuation reform and how it is effecting the superannuation pension that has dependents of children under the age of 18 or aged 25 if financially dependent or children with disability.

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02 Mar 2017

July 2017 Superannuation Changes - Contributions

The reforms to superannuation that will be introduced from the 1 July 2017 are the biggest changes to the superannuation system since 2007. This blog will look at the proposed changes.

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01 Mar 2017

July 2017 Superannuation Changes - Superannuation income stream rule changes

The reforms to superannuation that will be introduced from the 1 July 2017 are the biggest changes to the superannuation system since 2007. This blog will look at the proposed changes.

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01 Mar 2017

July 2017 Superannuation Changes - Other superannuation reforms

The reforms to superannuation that will be introduced from the 1 July 2017 are the biggest changes to the superannuation system since 2007. This blog will look at the proposed changes.

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01 Mar 2017

July 2017 Superannuation Rule Changes

The following are bullet points of the superannuation changes coming into effect 1st July 2017.

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01 Mar 2017

Removal of the ability to treat pension payments as lump sums for tax purposes

The removal of the ability to treat superannuation income stream benefits as lump sums for tax purposes may commence as early as 1 January 2017.

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07 Dec 2016

Superannuation Calculators

The ATO added 4 new useful superannuation calculators to its website.

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09 Nov 2016

A new case on super, bankruptcy and death benefits

In this case study we see just what happens when superannuation, bankruptcy and the payment of death benefits intersect. Written by Bryce Figot

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09 Nov 2016

New AAT decision is good news for SMSF real estate developments via unit trusts

New AAT decision is good news for SMSF real estate developments via unit trusts. Written by Bryce Figot

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09 Nov 2016

Superannuation Changes – Opportunity

Non-concessional contribution changes may present opportunity prior to 1st July 2017.

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26 Oct 2016

Disqualifying from SMSF

There are 3 main situations when a person can’t act as a trustee of SMSF (neither as a director of SMSF Corporate Trustee)

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14 Sep 2016

Superannuation Thresholds 2016-2017

Superannuation Threshold for 2016-2017 including Super Contributions, Division 293 tax threshold, Government Co-Contribution, Low Income Superannuation Contribution (LISC), Super Lump Sum Benefits, Minimum and maximum percentage factors, Tax Free part of genuine redundancy and early retirement scheme payments and Termination Payments

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17 Aug 2016

The Hidden Treasure In Old SMSF

The one certain thing about superannuation is that law keeps changing. Sometimes the changes are big which can almost be regarded as a complete overhaul of the previous superannuation law. An old SMSF may hold grandfathering rules that is worth its weight in gold.

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17 Aug 2016

Collectable and Personal Assets Held in SMSF

From the 1 July 2016 the transitional period for collectable and personal assets (example, Art) ends. From that date onwards all these type of assets have to comply with the changes introduced in July 2011.

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17 Jun 2016

Deadline looms for related party loans

In late 2014 the ATO released two interpretive decisions which confirmed that income derived by an SMSF from limited recourse borrowing arrangements (LRBA) would be non-arm’s length income (taxed at 47%) where the loan was established and maintained under the terms inconsistent with an arm’s length dealing.

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17 Jun 2016

Budget Announcement May 2016 - Superannuation

The following are announcements regarding superannuation which came up in the budget of May 2016.

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04 May 2016

Preservation Age Increasing

Whilst we have known for a number of years that the superannuation preservation age is due to increase to age 60, the change is finally upon us. Clients born on or after 1 July 1960 will be subject to an increase in their preservation age. For example, a client born on 1 July 1960 will have a preservation age of 56. This means they will not reach their preservation age until 1 July 2016.

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09 Jul 2015

Superannuation thresholds 2015-2016

Super Contributions Superannuation guarantee maximum contribution base $50,810 per quarter Concessional contributions cap for those under age 49 on 30 June 2015

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05 Jul 2015

Low Income Super Contribution

Explanation of how the Low Income Contribution works.

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26 Jun 2015

Government Co-Contribution for Super Contributions

The super co-contribution which was introduced in July 2003 to assist eligible low-to-middle income employees and self-employed people in saving for their retirement.

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20 Jun 2015

Offset for Spouse Super Contributions

The following conditions must be met in order for a taxpayer to be eligible to claim a tax offset for eligible spouse contributions.

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15 Jun 2015

Superannuation Budget Announcement 2015

Early access to superannuation for people with terminal illness The Government intends to amend the superannuation conditions of release to make it easier for people suffering a terminal illness to access their superannuation benefits from 1 July 2015. Under the current rules, a person with

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19 May 2015

What Should A SMSF Trustee Do If The ATO Call

You have your own SMSF and you’re therefore a trustee of the fund. The phone rings late one afternoon. You answer the phone. It’s the ATO wanting to discuss a recent breach of superannuation law by your fund. What to do next?

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28 Apr 2015

Deductible Personal Contributions - A Critical Trap

Critical trap regarding deductible personal contributions and the timing of notifying the trustee of the intention to claim deduction on the contribution. Article by Bryce Figot from DBA Lawyers

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06 Apr 2015

Important Court Decision On Binding Death Benefit Nomination

Important court decision on Binding Death Benefit Nomination Article by Daniel Butler from DBA Lawyers

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05 Mar 2015

An In-Depth Look At The Latest on LRBAs 

An in-depth look at the latest on LRBAs Article by Bryce Figot, DBA Lawyers regarding LRBA taxation.

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18 Jan 2015

The Role Of Estate Planning In Super

We have outlined below some points that must be part of estate planning and managing SMSF's. 1. Enduring Powers of Attorney An Enduring Power of Attorney appoints another person to act on your behalf when you die. Every member of your SMSF should have one and copies provided to each member an

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15 Dec 2014

Are SMSFs appropriate for young people?

Self-Managed Super Funds are among the fastest growing superannuation vehicles in Australia and they’re not just for older investors – investment savvy Y-Genners are catching on. According to statistics released by the Australian Taxation Office (ATO), greater numbers of people belo

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18 Nov 2014

Superannuation thresholds 2014-2015

Super Contributions Superannuation guarantee maximum contribution base $49,430 per quarter Concessional contributions cap for those under age 49

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10 Jul 2014

Superannuation Changes from 1 July 2014

Superannuation Changes from 1 July 2014

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01 Jul 2014

SMSF and gift giving

By Solomon Forman, Financial Planner and Accountant (If you need advice on SMSF strategies , you can contact Solomon.) There are now over 468,000 Self Managed Superannuation Funds (SMSFs) in Australia where the members of the fund are also the trustees. 

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15 May 2014

SMSF tips

By Solomon Forman, Financial Planner and Accountant (If you need advice on self managed super funds, you can contact Solomon.) More and more people choose to establish their own self managed super fund (SMSF), and they do so for several reasons. They may have been dissatisfied with their pr

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09 Apr 2014

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