by Duc Hong
The contribution splitting rules can be utilised to benefit your clients in a number of ways. To be eligible to split contributions with a spouse, a number of conditions must be met including:
Some of the potential strategies include, where:
Once a benefit is split it is treated as a transfer or rollover into the spouse’s own superannuation account, which may be with the same fund or an external fund.
Funds are not obliged to offer members the ability to split and it is possible some public offer funds may charge a fee to process requests.
The ATO has today announced a blanket lodgement deferral for 2018/19 SMSF Annual Returns to 30 June 2020. While this […]
A bill was passed recently that contains changes to a number of different superannuation measures, including amendments to: The work […]
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