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Super

Using your SMSF to buy property
Super

Using your SMSF to buy property

By On 13 August 2020

Using SMSFs to buy property has become increasingly popular among Australians in recent years, particularly since it became possible for SMSFs to borrow money to fund a direct property purchase. Residential property… Read More

Picking the right default fund
Super

Picking the right default fund

By On 6 August 2020

Business owners might be required to select a default fund for employees when they do not want to nominate their own superannuation funds. Funds should meet specific requirements that are stated as… Read More

Avoiding SMSF disputes
Super

Avoiding SMSF disputes

By On 30 July 2020

Self-managed super funds (SMSF) can be vulnerable to disputes, especially when family members are involved. SMSF disputes may be caused by a number of reasons such as relationship breakdowns, (common in funds… Read More

What are the circumstances for early access to super
Super

What are the circumstances for early access to super?

By On 23 July 2020

Early access to your superannuation is permitted under a few limited circumstances outlined by the ATO. In the case that you are experiencing financial struggle and would like to withdraw from your… Read More

When are super contributions tax deductible
Super

When are super contributions tax-deductible?

By On 16 July 2020

Individuals may be able to claim tax deductions for personal superannuation contributions they make. Personal super contributions are made after-tax, not to be confused with the pre-tax contributions made by employers. This… Read More

Super death benefits tax dependants vs non dependants
Super

Super death benefits tax: dependants vs non-dependants

By On 9 July 2020

A super death benefit is the super paid after a person’s death, usually to a nominated beneficiary. These benefits are subject to different tax treatments, depending on whether the beneficiaries are dependant… Read More

When do you need to lodge a transfer balance account report
Super

When do you need to lodge a transfer balance account report?

By On 2 July 2020

Self-managed super funds (SMSF) may be required to lodge a transfer balance account (TBA) report by 28 July 2020 in the case of a TBA event. A TBA report will need to… Read More

What to know about carrying on a business in an SMSF
Super

What to know about carrying on a business in an SMSF

By On 25 June 2020

Self-managed super funds can carry on a business providing the business is allowed under the trust deed and operated for the sole purpose of providing retirement benefits for fund members. Carrying on… Read More

How to transfer a business property into your SMSF
Super

How to transfer a business property into your SMSF

By On 18 June 2020

Employers with a self-managed super fund (SMSF) looking to protect their business assets can consider transferring their business real property into their SMSF. Transferring business property into your SMSF is useful to… Read More

Dividing SMSF assets when splitting with your partner
Super

Dividing SMSF assets when splitting with your partner

By On 11 June 2020

Running an SMSF under regular circumstances comes with enough compliance obligations as it is. Adding divorce or separation into the equation can raise even more legal and tax issues that need to… Read More