The ATO in SMSFD 2013/2 confirmed that an account-based pension can be partially commuted to a lump sum to enable a member to take advantage of their low rate cap. (The low rate cap for the 2014/15 financial year is $185,000). However, the ATO in paragraph 11 [read more]
Establish a new SMSF
Order online now. Includes the necessary documents to establish your self managed super fund.
Dan and I both presented at the Chartered Accountants 2014 National SMSF Conference last week. It was a great conference and Chartered Accountants should be congratulated. I presented on ‘SMSFs and families: the real implications’. A copy of my paper can be downloaded here. Dan presented on ‘Property inside an SMSF’. A copy of his [read more]
The recently released ATO taxpayer alert TA 2014/1 spells good news for SMSFs! It should serve to remind us of a special exception that differentiates SMSFs from other types of trusts … and how this can save SMSFs extra tax in addition to the usual tax concessions that SMSFs are used to. What taxpayer alert [read more]