May 2024 SMSF newsletter

The $3 million super tax cap: What to consider with 1 year to go

If you have more than $3 million in super and are looking to reduce your balance and future tax, consider these issues first. Time is slipping away. Read more.

The $3 million super tax cap: What to consider with 1 year to go

If you have more than $3 million in super and are looking to reduce your balance and future tax, consider these issues first. Time is slipping away. Read more.

Getting ATO advice for your SMSF: Rulings and fund specific advice

If you’re unsure how the SMSF rules and regulations might apply to your fund, it’s worth going direct to the horse’s mouth – that is, the ATO. Read more.

Getting ATO advice for your SMSF: Rulings and fund specific advice

If you’re unsure how the SMSF rules and regulations might apply to your fund, it’s worth going direct to the horse’s mouth – that is, the ATO. Read more.

How to boost your SMSF balance with contributions reserving

The increase in contribution caps from 1 July provides opportunities for SMSFs to potentially get up to $57,500 tax-deductible contributions into their super this financial year. Here’s how. Read more.

How to boost your SMSF balance with contributions reserving

The increase in contribution caps from 1 July provides opportunities for SMSFs to potentially get up to $57,500 tax-deductible contributions into their super this financial year. Here’s how. Read more.

Multigenerational SMSFs: Benefits and pitfalls

Now that SMSFs can have up to six members, it makes it easier to bring the whole family into the super fold, but it’s important to look before you leap. Read more.

Multigenerational SMSFs: Benefits and pitfalls

Now that SMSFs can have up to six members, it makes it easier to bring the whole family into the super fold, but it’s important to look before you leap. Read more.

How to add a new member to your SMSF

Now that SMSFs can have six members instead of four, here’s a refresher on the process involved in adding new members and some of the issues to weigh up. Read more.

How to add a new member to your SMSF

Now that SMSFs can have six members instead of four, here’s a refresher on the process involved in adding new members and some of the issues to weigh up. Read more.

2024 year-end superannuation tips and traps

Thursday 23 May 2024 at 11:00 am AEST

Year-end strategies and procedures to get the best outcomes from your superannuation before the end of the 2023-24 financial year.

Q&A: Is TBAR reporting required for lump sum payments?

Q: I’m 67 years of age, and I’ve kept my SMSF in accumulation phase so far. There is only about $200,000 in my SMSF. I’d like to take a $7,000… Read more.

Q&A: Is TBAR reporting required for lump sum payments?

Q: I’m 67 years of age, and I’ve kept my SMSF in accumulation phase so far. There is only about $200,000 in my SMSF. I’d like to take a $7,000… Read more.

Q&A: What is required when making lump sum withdrawals from an SMSF in pension mode?

Q: Can you explain the conditions or requirements pertaining to lump sum withdrawals from a self-managed super fund in pension mode? Read more.

Q&A: What is required when making lump sum withdrawals from an SMSF in pension mode?

Q: Can you explain the conditions or requirements pertaining to lump sum withdrawals from a self-managed super fund in pension mode? Read more.

If you are using a tax agent and are not a new SMSF you won’t need to lodge your fund’s annual return until this date. Even so, your tax agent will still need all the same information as the earlier lodgers and will need to have appointed an auditor at least 45 days before lodging date (or by the end of March).

Important: All information on SuperGuide is general in nature only and does not take into account your personal objectives, financial situation or needs. You should consider whether any information on SuperGuide is appropriate to you before acting on it. If SuperGuide refers to a financial product you should obtain the relevant product disclosure statement (PDS) or seek personal financial advice before making any investment decisions.

Superguide Pty Ltd ATF Superguide Unit Trust as a Corporate Authorised Representative (CAR) is a Corporate Authorised Representative of Independent Financial Advisers Australia, AFSL 464629.