Can you pay medical expenses with super?

Life can take an unexpected turn when members of an SMSF suddenly find themselves in need of medical treatment which they cannot afford with their personal savings. Can you pay medical expenses with super?Yes... but, only if you meet...
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Shielding your assets against ATO audits

The Australian Taxation Office (ATO) can initiate an SMSF audit for a number of reasons, including a miscalculation or non-compliance with the SIS Act or SIS Regulations. Generally, ATO audits are escalated from an initial review, however...
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Key considerations for SMSF investment strategies

With the increased compliance focus on SMSF investment strategies, we announced the launch of our investment strategy solution in April. In his article, Mark also outlined what the requirements are for an investment strategy and the role...
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What to do about disqualified trustees

As per the quarterly update on the SMSF industry statistics by the ATO, there were 597,396 active SMSFs in Australia. When dealing with an industry that holds more than $787 billion in assets, it is important that appropriate people...
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Keeping up with SMSF PAYG lodgments

Keeping up with your client’s SMSF lodgment obligations can be a challenging task. The ATO recently reminded trustees of one of those lodgment obligations; pay-as-you-go withholding (PAYGW) on some benefit payments. Where a member...
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