Market Linked Pensions - PAYGS & untaxed offset
Must the fund issue a PAYG summary? Does the individual need to report the payments in their...
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Daughter’s rental of residential property connected with SMSF didn’t breach sole purpose test, but that’s not the end of the story!
Last month’s Full Federal Court decision in the Aussiegolfa case [Aussiegolfa Pty Ltd (Trustee) v...
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Data – bringing it back home
Data is the mother of all knowledge and as we all know - knowledge is power. ...
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Eeeek! My client just got an Excess Transfer Balance Determination!
The majority of SMSFs lodged their Transfer Balance Reports to report the 30 June 2017 value of the...
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My client made a $25,000 concessional contribution to his SMSF in June which won’t be allocated to his member account until July.
When will the unallocated amount first count towards his Total Superannuation Balance? ...
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New and interesting scenarios where an actuarial certificate is required for ECPI
From 1 July 2017 some funds providing retirement phase pensions are no longer allowed to be...
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My client’s SMSF has a reserve account and the trustee made an allocation from it on 1 July 2017 to a pension account.
Given such action is now contrary to the ATO’s new position expressed in SMSF Regulator’s Bulletin...
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Adding back LRBA balance to Total Super Balance
In the lead up to 30 June 2017 you may recall the Government announcing that they intended to amend...
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Pension planning for 30 June 2018
Winter has arrived and that means it is time to get all our pre-30 June planning finalised.
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My client’s husband died in March 2018. On his death, his account based pension automatically reverted to her. When will the value of this pension count towards her Total Superannuation Balance?
Your client became the “owner” of the pension on the day of her husband’s passing. This means the...
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My client’s wife died in August 2017. On her death, her acc based pension automatically reverted to him. When do I need to complete a TBAR to report the reversion of the pension and what do I show?
The TBAR system revolves around the reporting of “events”, hence the name “events-based reporting”.
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Could children in the fund help beat the ALP proposal to remove franking credit refunds?
As the Bank Inquiry dominated news headlines in recent days the government announced a change that...
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