Planning for a loved one to enter aged care?

 
September 2020

The plan to enter a residential aged care facility can be a stressful time, but early planning and good advice can minimise the stress for you and your family. You will be faced with many personal and financial decisions.

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ATO to investigate early super release

September 2020

Eligible individuals who have been adversely financially affected by COVID-19 were allowed to access up to $10,000 of their superannuation, including from their SMSFs, in the 2019/20 financial year and are able to access a further $10,000 in the 2020/21 financial year.

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Temporary reduction in minimum pension draw-down rates

 
September 2020

The government has halved the minimum pension draw-down requirements for the 2019/20 and 2020/21 financial years for individuals drawing account-based pensions, transition to retirement pensions, market linked pensions (also known as ‘term allocated’ pensions), and any allocated pensions.

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COVID-19 and SMSFs: What trustees need to know

September 2020

The Government has released several superannuation measures to assist those affected by the economic impact of the coronavirus (COVID-19) pandemic. 

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Why have a Self Managed Super Fund?

April 2020

If managed properly, a Self-Managed Super Fund (SMSF) can be one of the most tax effective vehicles you can use to build and pass on wealth to your beneficiaries.

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Alert! Late lodgers on notice

April 2020

The ATO is becoming tougher on late lodgement and announced that from
1 October 2019, they will change a SMSF status on Super Fund Lookup (SFLU) to ‘Regulation details removed’ if they have not received its annual return more than two weeks after its due date.

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Considerations before adding value to a property under Limited Recourse Borrowing Arrangement (LRBA)

April 2020

Under Limited Recourse Borrowing rules, SMSFs require separate lending arrangement for each “single asset” they acquire.

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Turning 65? What are the implications?

April 2020

Reaching the age of 65 is a crucial time when it comes to superannuation and retirement planning.

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Insurance and the Transfer Balance Cap

August 2019

The introduction of the $1.6 million Transfer Balance Cap (TBC) restricted the maximum amount that an individual can hold in the tax-free retirement pension phase in superannuation.

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Exercise caution when valuing unlisted assets held in SMSFs

August 2019

If your SMSF has invested in unlisted assets such as an unlisted unit trust, it has now become more important than ever to ensure that these assets are adequately valued at their market values for financial reporting purposes.

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