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SMSF rollovers, salary sacrifice arrangements and SMSF deeds

In this episode of the DBA Lawyers Podcast, Zacharia Galloway, Lawyer and Daniel Butler, Director, discuss the latest changes for SMSF rollovers, salary sacrifice arrangements and the importance of having an SMSF deed prepared by a qualified lawyer.

Zac and Dan discuss the latest in changes for SMSF rollovers. From 1 October 2021, most SMSF rollovers will be via the SuperStream electronic exchange data and payment system apart from in specie and partial rollovers. Rollovers from an SMSF to other superannuation funds (eg, retail and industry superannuation funds) and from other superannuation funds to an SMSF must be processed via SuperStream. SMSF rollovers will also be subject to the strict time frames that apply to rollovers in the Superannuation Industry (Supervision) Regulations 1994 (Cth) which may prove to be problematic for SMSFs.

Zac and Dan also discuss the importance of reviewing salary sacrifice arrangements in light of the recent increase in concessional contribution cap and super guarantee changes .

Finally, Zac and Dan discuss the importance of having an SMSF deed prepared by a lawyer and some of the features of the latest DBA Lawyers SMSF deed.

Dan will be presenting DBA Network Pty Ltd’s SMSF Online Update on 6 August 2021 and will be covering the latest non-arm’s length income ruling recently published by the ATO LCR 2021/2. To register, please click here.

For a chance to have your SMSF query addressed on the show, please send your questions to [email protected].

Related articles and links below.

What to do about defects in SMSF deeds: a chain is only as strong as its weakest link

SMSF deeds: how does your supplier rate?

Advantages of the DBA Lawyers SMSF deed (2021-2022)

Contribution reserving — are you aware of all the risks?

Salary sacrifice amounts and SG changes

DBA Network

DBA Lawyers

Hosts (in order of appearance): Zacharia Galloway, Lawyer and Daniel Butler, Director

30 July  2021