The ATO, recently released guidance statement PCG 2016/5 which changes the terms for related party Limited Recourse Borrowing Arrangements (LRBAs). This Guideline sets out the ‘Safe Harbour’ terms on which SMSF trustees may structure their related party LRBAs for income tax compliance purposes, (ie loans
There has been talk about the government considering reducing the capital gains tax (CGT) discount for super funds. The looming federal budget being delivered on May 10 is an opportunity for the government to address any perceived inequities in the system. Prime Minister Malcolm Turnbull
Excel SMSF Minimum Pension Calculator from $55 calculate the minimum pension payment required for members over 60 input the pensioner’s nominated amount and frequency Provide a pre-populated Pension Request form, Trustee Resolution and Pension Schedule Bonus feature – our pension calculator can provide an estimate, based
The ATO recently release statistics in relation to the 2014 year. We had a look at the comparison of asset allocation percentages from 2014 to 2011. As usual there were some interesting observations: Cash & Listed Shares Funds of less than $1M increased cash holdings
SMSF Property Valuations can be confusing. This is partly because there are no hard and fast rules. The ATO has produced guidelines but these are open to some interpretation. Factors to consider include the domain expertise of the Trustee, and the expectations of the ATO
The first major tax lodgement deadline (28th February) is approaching fast. If you have a first year fund it needs to be lodged and any tax paid by that date. Below is a timeline showing the key dates The lodgement details are below: Due Date
You must first determine who will act as Trustee of the fund You will then need to have a Trust Deed and associated documents prepared (Supernova provides this service) Open a bank account in the funds name Transfer benefits and or contributions into the fund
You just need to give us certain documents such as: The current software file if available Prior year audited accounts and tax return Trust Deed and investment strategy and other fund pemaent documents We will set up the fund ready for preparation of the
08 Feb 2016 By Krystine Lumanta A successful outsourcing and offshoring relationship depends greatly on the qualifications and experience of the staff processing the SMSF work. “At the end of the day, we fall back on the quality and the training [of our staff],” BPO
08 Feb 2016 By Darin Tyson-Chan The latest ATO statistics regarding the SMSF sector provide clear evidence self-managed funds are enjoying the benefits of scale. The annual report released by the regulator, “Self-Managed Superannuation Funds: A Statistical Overview 2013-14”, revealed a direct correlation between the
