News & Articles | SMSF Engine - Part 5
SMSF Solutions for Accountants and Financial Planners

ATO Targeting COVID-19 Relief Measures

by Alex PolorotoffThe ATO has indicated it will be placing a greater focus on scrutinising documentation and investment strategies as part of its review of SMSF audits this year, particularly in relation to the relief measures in...
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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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