Perils of vendor finance for non-geared entities
My client’s SMSF owns units in a non-geared related unit trust which owns property. The trust...
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Superannuation in a challenging market
There is really nothing good to say about investment markets right now – nor, of course, the...
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Control of an SMSF on a member's incapacity or death
My client has chosen her spouse as her attorney in the event that she loses mental capacity but her...
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Administration obligations when super death benefits are paid to the estate
Q: My client died and her superannuation benefits were paid from her SMSF to her estate. From the...
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Rules for interacting with “relatives" in superannuation
The superannuation law includes various rules SMSFs must follow when interacting with “relatives”....
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SMSFs and administrative penalties
Administrative penalties are just one of the many options available to the ATO to encourage fund...
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Can my client’s trading entity be the Trustee of their SMSF?
When your client already has an established company, it is natural to ask if that company can be...
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My client has an SMSF which owns property via an LRBA. The debt has now been paid back. Is it compulsory to transfer title to the property from the LRBA bare trust to the fund?
No, but it may still be appropriate to do so depending on the fund’s future intentions. ...
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My client has used a contribution reserving strategy in the 2018/19 financial year but he’s the sole member of his SMSF. Is such a strategy for him “above board”?
Historically the validity of contribution reserving strategies had been the subject of much debate,...
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My client makes superannuation contributions for its employees via the ATO’s Small Business Superannuation Clearing House. When are the contributions deductible to the employer?
When the clearing house receives the money? Or when the respective superannuation funds receive the...
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My client has excess concessional contributions and their Total Super Balance exceeds $1.6m. What happens now?
While the rules surrounding excess contributions have remained relatively stable for some time now,...
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100% pension fund with contributions - do I need an actuarial certificate?
In the new world of calculating exempt current pension income, if your 100% pension fund receives a...
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