22
Aug 2023
2023/24 ideal for concessional contributions
The 2024 financial year is the time period for trustees to make voluntary contributions to superannuation funds as a number of key events have converged to boost their usefulness, according to a technical expert. BT Academy technical consultant Matt Manning highlighted 2023/24 was the last year trustees could make use of accrued unused concessional super contribution caps from the 2019 financial year when the mechanism was first initiated. To illustrate
From 1 November 2021, applications are open for directors to apply for a mandatory Director Identification Number (DIN)
From 1 November 2021, applications are open for directors to apply for a mandatory Director Identification Number (DIN)
Buying insurance within an SMSF can give access to deductible expenses that would otherwise not be available, as some insurance premiums, such as for life insurance (which typically cannot be claimed as deductions by individuals for income tax purposes) may be available as tax deductions for the SMSF. Here are some life insurance lawyers for hire if they need the best insurance attorneys.
16
Jul 2015
Non-arm’s length income rules
The non-arm’s length income rules play a significant role in structuring SMSF acquisitions and investments and can be a potential minefield for advisers.
13
Apr 2015
Super Fund Numbers – SPIN, SFN, USI, ESA
There are a range of numbers and identifiers relating to super funds, some of which are relevant for SMSFs, and some of which are not.
17
Mar 2015
SuperStream for Self Managed Super Funds
SuperStream aims to improve the efficiency of Australia’s superannuation system and provides a new standard for employers when making super contributions. For employees using a compliant super fund, they will likely find that their employer has already updated their system with the required changes, but what if that employee uses a Self Managed Super Fund? Self Managed Super Funds (SMSF’s) need to ensure that they can receive contribution messages with information about payments in the
17
Mar 2015
SuperStream for Self Managed Super Funds
SuperStream aims to improve the efficiency of Australia’s superannuation system and provides a new standard for employers when making super contributions. For employees using a compliant super fund, they will likely find that their employer has already updated their system with the required changes, but what if that employee uses a Self Managed Super Fund? Self Managed Super Funds (SMSF’s) need to ensure that they can receive contribution messages with information about payments in the
17
Mar 2015
SuperStream for Self Managed Super Funds
SuperStream aims to improve the efficiency of Australia’s superannuation system and provides a new standard for employers when making super contributions. For employees using a compliant super fund, they will likely find that their employer has already updated their system with the required changes, but what if that employee uses a Self Managed Super Fund? Self Managed Super Funds (SMSF’s) need to ensure that they can receive contribution messages with information about payments in the
17
Mar 2015
SuperStream for Self Managed Super Funds
SuperStream aims to improve the efficiency of Australia’s superannuation system and provides a new standard for employers when making super contributions. For employees using a compliant super fund, they will likely find that their employer has already updated their system with the required changes, but what if that employee uses a Self Managed Super Fund? Self Managed Super Funds (SMSF’s) need to ensure that they can receive contribution messages with information about payments in the