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SMSF News

Read latest SMSF news updates by The SMSF Accountant

Who can be the trustee of an SMSF?

Single Member SMSF
When navigating the SMSF, it’s important to spread risk around so that if one type of asset doesn’t perform, you have other types of assets to help you reach your investment goals.

For single member SMSFs, there are special rules around who can be trustees. These funds have the

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May 2016 Budget – changes for superannuation

There are number of changes in the May 2016 Budget affecting superannuation:

The Division 293 contributions tax threshold has been reduced from $300k to $250k from 1 July 2017. This is the point at which 30% is paid on concessional contributions instead of 15%.
Concessional contribution will be capped at $25,000 for everyone from

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SMSF residency conditions

Some people have found their SMSF to be non-complying because they have taken an extended work placement or working holiday overseas, for example. With today’s workforce being more mobile in a global sense, every SMSF member needs to be aware of the ATO’s SMSF residency conditions.

 
What are the SMSF residency conditions?
A

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