SMSF piggy bank

2018 Federal Budget

Posted Leave a commentPosted in SMSF Information

The definition of a SMSF will be changed to have a maximum number of members from the current 4 to 6.  This may provide opportunities for family’s or business partners to expand there SMSF’s giving greater flexibility to the structure.   Note: Cooper Grace Ward Lawyers have recently pointed out that Trust legislation in Queensland, New South […]

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SMSF Advice

When is an Actuarial Certificate Required?

Posted 1 CommentPosted in SMSF Audit, SMSF Information

In an address to the Tax Institute in March 2015 Matthew Bambrick, ATO Assistant Commissioner for Superannuation, presented ‘some guidance around calculating and reporting ECPI (Exempt Current Pension Income).  The common industry practice of Segregating Assets part way through the year and not obtaining an actuarial certificate was singled out as needing to change.Andy O’Meagher, Actuary and Director of Act2 […]

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SMSF Investment

SMSF Investment

Posted Leave a commentPosted in SMSF Audit, SMSF Information

SMSFs offer members great benefits and incentives. Essentially, the amount of investments in which you elect to hold is entirely up to you and the diversification of your investment strategy options are almost limitless. It is vital that you ensure that your SMSF investments are being used for the sole purpose of providing retirement benefits […]

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