News : SMSF

Administration, ATO, Compliance, SMSF

ATO issues end-of-year reminders

ATO SMSF SAR SMSF annual return Concessional contribution cap Non-concessional contribution cap Minimum pension payment

SMSF trustees have been reminded to check the accuracy of their fund details on the SMSF annual return before lodging and ensure they pay members the minimum pension amount by 30 June.

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Contributions, SMSF, Superannuation, Tax

Retirement savings, tax lead client concerns

superannuation contribution caps Division 296 tax retirement savings SMSF BT Technical Services Bryan Ashenden

Increasing retirement savings and tax management strategies will be key concerns for advisers and their clients in the next financial year.

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Insurance, SMSF

Insurance strategy tax effect wide

Life insurance SMSF Tax deduction SMSF Professionals Day 2024 Accurium Anthony Cullen

The tax implications of deciding to hold life insurance inside an SMSF extend beyond the deductibility of the premiums paid for the cover.

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SMSF, Superannuation, Tax

Don’t mistake Div 296 action date

Division 296 tax SMSF total super balance $3 million MLC Julie Steed

SMSFs should not confuse when they need to act to sidestep the impact of the proposed Division 296 tax, with the critical date occurring not in 2025, but in 2026.

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Compliance, Pensions, SMSF

Lumpy assets require regular valuation

SMSF asset valuation large assets lumpy assets Pension standards Minimum pension payments Heffron Lyn Formica

Regular valuations for large assets in an SMSF are vital in order to comply with the pension standards and the minimum payment requirement.

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ATO, Compliance, Contributions, SMSF

Deduction notice reminder issued

ATO SMSF Contribution deductions Notice of intent

The ATO has reminded SMSF members they cannot claim a deduction for personal contributions without informing their fund, which must acknowledge the course of action.

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Retirement, SMSF, Superannuation

$250,000 threshold for member moves

Investment Trends Ludovic Sevestre survey Superannuation switching member engagement Self-directed

A super balance of $250,000 is the threshold at which fund members are seeking more from their provider, with those aged 45 more likely to look at switching.

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Investments, Portfolio Construction, SMSF

Hostplus offers unique unlisted asset access

Hostplus Unlisted assets SMSF SMSF Professionals Day 2024 Portfolio allocations

SMSF members have the ability to benefit from the economies of scale and access to unique investment opportunities a major industry fund enjoys.

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Investments, SMSF

Private credit improves SMSF portfolios

Private credit SMSF Zagga Investment strategy

The inclusion of private credit in an SMSF portfolio can not only boost returns, but also lower the amount of investment risk of the super fund.

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Administration, ATO, Compliance, SMSF

Retirement means major work change

Gainful employment ATO Retirement condition of release

To meet the definition of retirement and satisfy a condition of release, an individual’s employment arrangement must change significantly.

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