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
According to the ATO, in 2012-13 over 200,000 SMSF’s (45%) reported some portion of exempt current pension income (ECPI)?* This equates to $16.8b of SMSF income exempt from income tax. So there is no doubt that the ATO will want to ensure pension funds satisfy the
If you hold collectables and personal use assets in your SMSF, then you need to ensure you are aware of the additional requirements that come into force on 1 July 2016. According to the ATO, collectables and personal use assets are things like artworks, jewellery, vehicles,
