For SMSFs that are in pension phase, ATO ID 2012/47 outlines that all rollovers and contributions made (regardless of the taxable or non-taxable nature of these amounts) are to be include as assessable income for the purpose of determining the available deductions for...
Yes, you can still make some super contributions after age 75, but the rules are limited. Once you turn 75, your super fund can usually only accept certain types of contributions. These include: Super Guarantee contributions from your employer; downsizer...
Due to the complex nature of the LRBA arrangement, there are some deliberations in regard to the costs of setting up a LRBA in the SMSF and whether they are deductible to the SMSF. The ATO has issued a private binding ruling (PBR 1012441308161) that considered this...
Section 17A of the SIS legislation sets out the conditions that a fund must satisfy in order to be a SMSF. One important requirement is that each member of an SMSF must also be a trustee of the fund or a director of the corporate trustee. Except in the case of single...
Updated: September 2026 Can an SMSF sell property to a member or related party? Yes — an SMSF can generally sell property to a member or related party. However, the transaction needs to be carefully managed to ensure it is conducted at market value and on arm’s length...
Having a pre-99 unit trust within a self-managed superannuation fund in the past was particularly useful to circumvent the borrowing rules and other limitations applied to the superannuation fund. Although there was a lot of speculation about closing pre-99 unit...
