Aug 27, 2024
Despite the Federal Government claiming changes to superannuation will make the system ‘more sustainable and fairer’, closer examination of the draft legislation reveals the measures are actually inequitable and unsustainable in the long term. At a simple level, plans...
Jan 20, 2020
Trustees of a Self-Managed Superannuation Fund (SMSF) are prohibited from borrowing or maintaining an existing borrowing of money under subsection 67(1) of Superannuation Industry (Supervision) Act 1993 (SISA) except in very limited circumstances as listed under...
Sep 4, 2018
Most Self Managed Superannuation Fund (SMSF) members would be aware that in order for their SMSF to receive an income tax exemption on investment earnings of assets or a capital gains tax exemption from the sale of assets, their SMSF would need to use the assets to...
Sep 24, 2014
In February 2014, the Australian Taxation Office published a FAQ to clarify the minimum pension payment requirements. Below will explain these requirements at a glance. What if fund fails to meet minimum pension? Fund cannot claim exempt current pension income...
