SMSF Sole Purpose Test

SMSF Sole Purpose Test

SMSF Sole Purpose Test The sole purpose test is a test the ATO uses to ensure that SMSF trusts are operating with the intention of only benefitting from their funds through the sole purpose of either retirement or in the event of a member’s death. While the way that...
Updating Your SMSF Trust Deed

Updating Your SMSF Trust Deed

Updating Your SMSF Trust Deed It is important to have a robust and up-to-date trust deed for your SMSF. Over the years there have been many changes to government requirements around how SMSFs are managed. Whenever the government make changes to SMSF regulations or...
Why is estate planning for your SMSF so vital?

Why is estate planning for your SMSF so vital?

Why is estate planning for your SMSF so vital? One of the major advantages to having an SMSF (self-managed super fund) is that you can take control over what happens to your super in the event of your death. With some well managed SMSF estate planning you can maximise...
Beware of Illegal Access to your Super

Beware of Illegal Access to your Super

Beware of Illegal Access to your Super Have you been approached by a promoter of illegal super scheme? These promoters usually: encourage you to transfer your super from your existing super fund to a self-managed super fund (SMSF) to access your super before you are...

2016-17 Superannuation Reform Changes in New Budget

2016-17 Superannuation Reform Changes in New Budget Following the new budget effective from 7.30pm 3rd May 2016, following changes have been made in relation to Superannuation; 1. New lifetime cap for non-concessional superannuation contributions – Effective 3rd May...