by smsfoptions | Mon, Jun, 2014 | SMSF News, SMSF Options, Tips and traps, Trustee
The ATO has introduced new penalty powers which it can impose on you if your fund breaks certain superannuation rules. The new rules apply from 1 July this year and allow the ATO to fine you and require you to rectify the mistake that has been made. They can also...
by smsfoptions | Thu, May, 2014 | Accessing your super, Adviser, Boosting your Balance, Investments, SMSF News, SMSF Options, Tips and traps, Trustee
Refunds of excess non-concessional contributions, changes to the Super Guarantee and tighter rules on qualifying social security benefits were the main Budget announcements to impact on superannuation this year. These changes, along with others, should provide a...
by smsfoptions | Sat, Nov, 2013 | SMSF News, SMSF Options, Tips and traps, Trustee
Have you recently seen advertising inviting you to attend a conference or seminar to educate you about self-managed superannuation funds (SMSFs)? Your SMSF pays for the privilege of attending the ‘conference’ in Australia or overseas and you take a holiday...
by smsfoptions | Fri, Sep, 2013 | Property, SMSF News, SMSF Options, Tips and traps, Trustee
Recent media has focussed on the risks of investing in geared property by self-managed superannuation funds (SMSFs) and whether it is really the right long-term decision for a member’s retirement. It can be the right choice for some but it’s not for everyone. ...
by smsfoptions | Mon, Jul, 2013 | Artwork & Collectables, Borrowing, Equities, Investments, Property, SMSF News, SMSF Options, Tips and traps
Earlier this year, the Government began moves to ban off-market transfers of assets to self-managed superannuation funds (SMSFs) from related parties. A related party of your SMSF broadly includes any other member of the SMSF, an employer that contributes to the fund...
