One side effect of the current ECPI regime is that a fund's tax exemption on investment income might be calculated using the segregated method for some periods of the year but the actuarial percentage method at other times.

If Accountants ever needed reminding that 2020 is indeed a strange year, look no further than the fact that the 2020 Federal Budget will be brought down in early October rather than the traditional “second Tuesday in May”.

Making more retirement savings tax-free makes it easier for adults kids to inherit, as well as 'future-proofing' your fund.

We have seen cases where retirees have lost access to their Commonwealth Seniors Health Card (CSHC) or seen a reduction in their Age Pension because they lost their account-based pension (ABP) grandfathering by rolling over or restarting the pension.

Once upon a time, there lived many retirees that rolled over their superannuation savings to commence what was known as a “complying income stream”.

TRIS's have been excluded from the actuarial % calculation since 1 July 2017. While they are included once the member turns 65 or retires, the process is not automatic. Without care, the TRIS will accidentally continue to be ignored.

In our article “Why isn’t my actuarial % as high as I thought it would be?” we highlighted a number of scenarios where an actuarial certificate may appear to give an odd result.

This has become a common question since pensions and exempt current pension income (ECPI) got more complicated from 1 July 2017. In theory, we should also be asked why the actuarial % looks too high. Funnily enough we don’t get many of those!

I’ve taken over an SMSF from another accountant and the prior year financials show a “Deferred Tax Provision 2017”. What is this and when is this tax payable?

The ATO has released a draft legislative instrument (SPR 2020/D2). It makes it explicit that some important situations created when SMSF landlords provide rent relief to tenants (as a result of Covid-19) will not result in an in-house asset.

It seems crazy to think we are already into the second month of the new financial year. But it appears that’s been long enough for the SMSF Association to host the best online event I’ve ever been to in 20+ years in financial services.

Understanding the laws around self-managed superannuation funds is complicated, especially when divorce is involved, so get good advice from a professional.