News & Articles | SMSF Engine - Part 3
SMSF Solutions for Accountants and Financial Planners

Non-Concessional Contributions Explainer

 by Mark Phillips The rules around eligibility to make non-concessional contributions can be a little confusing.  We have created a flowchart to assist you to work through the current rules, which include increasing the age at which you...
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Down sizer Contributions Update

 by Alicia Thomson We previously published an article on downsizer contributions in May this year and referred to the potential to utilise the rules with a non-cash “sale” to a related party. The government has since updated the...
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Check your BDBN against the trust deed of the SMSF

by Duc Hong Many SMSF trust deeds include a standard Binding Death Benefit Nomination or require that the BDBN follows a set format. For the BDBN to be valid and to avoid uncertainty when it's come to paying out a death benefit, it is...
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Have you ever failed to drawdown the minimum pension?

 by Abra Chowdhury According to SIS regulations, if a member starts an account-based pension after 1 July 2007, a minimum amount must be paid each year. Minimum pension drawdown percentages are based on the member’s age. Recently, the...
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LRBA & Income Tax Return Reporting

When it comes to the annual tax return, the latest reporting requirements state that applicable LRBA balances must be reported to the ATO by using the new label within the member section of the annual return (Part F - Label Y). This will...
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