Blog
The do’s and don’ts of the Downsizer Contribution
The downsizer contribution allows individuals, who may be prevented from making superannuation contributions due to their age, work status, contributions caps or their total superannuation balance, the ability to make superannuation contributions using some of the...
Excess superannuation contributions
There is no restriction on the amount of money that can be contributed into a self managed superannuation fund (SMSF). However, superannuation contributions above certain contributions caps do not receive concessional tax treatment. The two main types of...
Trust account reporting legislation
Various industries within Australia hold or receive money on behalf of others. The entities operating within these industries, are required to open and manage a separate trust/client bank account under the relevant legislation, based on their industry. In order to...
Key changes to the 2019 SMSF tax return
The Australian Tax Office (ATO) has made a number of key changes to the Self-managed superannuation fund 2019 annual return to facilitate the superannuation reforms that came into effect on 1 July 2018. The four changes across 3 sections of the return are highlighted...