News : Strategy

Investment strategy errors shared

March 28, 2024

The common mistakes SMSF trustees make over the fund’s investment strategy have been highlighted by a senior industry executive.

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ATO, Contributions, Strategy

Reserving NCCs not recommended

ATO Contribution reserves Non-concessional contributions Concessional contributions Strategy SMSF

March 20, 2024

Todd Wills

Reserving strategies should be limited to concessional contributions as non-concessional contributions are likely to encounter regulatory hurdles.

Bring-forward rule timing important

Bring-forward arrangement Non-concessional contributions Contributions Contribution caps Indexation SMSF

March 19, 2024

Darin Tyson-Chan

The higher non-concessional contributions caps coming on 1 July will not be applicable for everyone looking to use the bring-forward rules.

Division 296 exemptions narrow

Division 296 tax Personal injury Contributions Death benefit pension Exemption

February 20, 2024

Darin Tyson-Chan

Superannuation members subject to a specific set of circumstances will not be caught by the proposed tax on total super balances over $3 million.

Strategy review doesn’t mean changes

November 1, 2023

Todd Wills

The mandatory annual review of an SMSF investment strategy should not be confused with a perceived requirement to make changes.

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Administration, SMSF, Strategy, Tax

Family trusts can offset $3m tax

Family protection trusts Estate planning superannuation SMSF earnings tax

October 31, 2023

Todd Wills

Family protection trusts can be used to manage additional tax obligations related to existing or future legislative changes to the superannuation system.

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Retirement, Strategy, Superannuation

Retirement not just about dollars

Retirees Retirement Satisfaction Superannuation

October 23, 2023

Darin Tyson-Chan

Preparing for a satisfactory and enjoyable retirement involves addressing issues extending beyond the extent of a person’s superannuation savings.

Simplify strategies for audit success

September 21, 2023

Todd Wills

SMSF investment strategies that are concise, focused and in compliance with the SIS Regulations are likely to have a better chance of passing the yearly audit of the fund.

Excess NCC release authority is default action

excess non-concessional contribution release authority

September 20, 2023

Darin Tyson-Chan

No formal declaration to adhere with an ATO release authority relating to a breach of the non-concessional contributions cap is required.

Excess contribution refund needs approval

Excess concessional contributions refund

September 18, 2023

Todd Wills

SMSF trustees who exceed their concessional contribution cap limit should wait for the ATO to issue a release authority before seeking a release of the excess funds.

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