Jul 1, 2021 | Self Managed Super Funds
Personal use assets and collectables in SMSFs Would you like to hold a wine collection, artworks, or a classic car in your self managed superannuation fund (SMSF)? Well, you can if you follow some strict rules. Firstly, the investment in collectibles or personal use...
Dec 2, 2020 | Money, Self Managed Super Funds, Superannuation
Two additional Economic Support Payments of $250 each will soon be available to people who get any one of the following: Age Pension; Carer Allowance; Carer Payment; Commonwealth Seniors Health Card; Disability Support Pension; Double Orphan Pension; Family Tax...
Feb 3, 2020 | Self Managed Super Funds
Previously, it was thought that any benefit provided directly or indirectly to members or related parties of a self-managed super fund (an SMSF) from an investment would contravene the sole purpose test. However, a Full Federal Court decision has reframed the sole...
Jan 31, 2018 | Self Managed Super Funds
The ATO has released further guidance on when SMSFs need to report events affecting their members’ transfer balance accounts (by making a transfer balance account report, or TBAR) for the purposes of the $1.6 million pension cap. From 1 July 2018, SMSFs that have any...
