A million dollar mistake

Recently, we came across a case where a member had sold their home and deposited the majority of the proceeds into their SMSF. This resulted in her exceeding her non-concessional contribution cap. To complicate the matter, she wanted the...
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Living in an SMSF property post-review

Many clients look for help to purchase an investment property via an SMSF. Years later, some of these clients may wish to live in their SMSF’s investment property - is this possible?   In-Specie Transfer Once the member has met a...
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smsf tax return instructions

SMSF Tax Return Instructions – Can You Do It Yourself?

Can you follow the ATO’s SMSF tax return instructions and submit your own SMSF annual return? The answer depends on your circumstances and how qualified you are to assess your tax debt or refund.Lodging the return, either...
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smsf esa providers

What is an SMSF ESA Provider?

SMSF ESA providers provide SMSFs with an electronic service address (ESA) to allow them to use the SuperStream electronic transfer system for payments and messaging.SuperStream is part of a move towards standardisation and...
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SMSF Compliance

SMSF Compliance Obligations – Everything You Need to Know

The number one reason people choose self-managed super funds over public or retail ones is control over their assets and the investment strategy that will eventually deliver their retirement benefits.That might be true. But they...
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