Death & Taxes

by Abra Chowdhury & Mark Phillips On the death of a member their superannuation benefits must be dealt with or paid out as soon as practicable. The ATO normally expect this to be within a period of 6 months unless there are...
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Relationship Breakdowns & SMSFs

by Alex Polorotoff Relationship breakdowns can be an emotional time when it can be difficult to make considered decisions. This article discusses breakdowns between spouses who are members of the same SMSF and some things that their...
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Concessional Contributions Flowchart

by Mark Phillips The changes to contribution rules over recent times present a number of opportunities for members to maximise the benefit of concessional contributions, regardless of whether they are self-employed or not. Our flowchart...
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Take care with member withdrawals

by Alicia Thomson There are many reasons a member may need to withdraw funds from their SMSF including funding insurance premiums, full member exits, fund wind-ups and the more recent phenomenon Covid-19 early release.Β  It is extremely...
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The benefits of spousal contributions splitting

by Duc HongThe 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:Can split up to 85%...
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