Jul 3, 2025 | Self Managed Super Funds
Setting up your own self managed super fund (SMSF) can have its benefits, but it also comes with significant obligations. These include appointing trust members, trustees and a registered super fund auditor; valuing assets each year; paying levies and taxes; ensuring...
Aug 2, 2023 | ATO, Self Managed Super Funds
The ATO has warned taxpayers against entering into a scheme through their self-managed superannuation fund (SMSF) which claims to allow individuals to purchase property using money from their super. This sort of scheme typically involves the rollover of a member’s...
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...
