ATO focusing on investment strategy diversification requirements – what do trustees and auditors need to do?
The ATO recently identified approximately 18,000 SMSFs who hold 90% or more of their assets in a...
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SMSF Death Benefits
The term “as soon as practicable” appears several times in tax and superannuation law – it’s never...
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Can an attorney under an Enduring Power of Attorney (EPOA) make or renew a binding death benefit nomination (BDBN) for a member?
Historically this question has been difficult to answer. While there does not appear to be any...
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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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Death of a spouse when both members of a couple have pensions – how are these managed?
The 1 July 2017 changes to superannuation pensions introduced a new rule of thumb – most people can...
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Recent changes to excess concessional contributions and the TSB limit
While the rules surrounding excess contributions have remained relatively stable for some time now,...
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What happens to my client’s superannuation when they die?
While most practitioners would be aware that superannuation is not covered by the deceased’s will...
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Parliament resumes – Superannuation measures introduced
The Government has introduced two bills to the House of Representatives; one that had previously...
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My SMSF owns premises which it leases back to my business. What do I need to do to make sure the arrangement complies with the superannuation law?
Approximately 10% of SMSFs own commercial property and often this commercial property is leased to...
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Contribution Caps for 2019/20 Financial Year
With a new financial year upon us, you may be thinking about what contribution caps apply for the...
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I have never worked – can I access my superannuation?
Normally any conversation about accessing superannuation is linked to retirement. But in...
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Heffron has been awarded the SMSF Adviser – SMSF Administrator of the Year 2019
A clear majority of SMSF professionals voted Heffron SMSF Administrator of the Year 2019. Heffron's...
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