Div 296 sparking death benefit discussions

Div 296 sparking death benefit discussions

The Division 296 impost has prompted SMSF members looking at retaining assets in super to consider the tax impact of their death on their beneficiaries. . More SMSF members are looking at the effect of death benefit taxes on their beneficiaries as part of their...
ATO warns SMSF trustees to be aware of increase in scams

ATO warns SMSF trustees to be aware of increase in scams

The ATO has issued a warning to SMSF trustees to be aware of scammers leading up to EOFY. . At the same time, ASIC commissioner Alan Kirkland has said one of the greatest risks to investors that the regulator is witnessing is the use of high-pressure sales tactics to...
A super contributions deadline you won’t want to miss

A super contributions deadline you won’t want to miss

If you plan to get more into your super this financial year, act very quickly. . If you’re aiming to make a personal superannuation contribution before the end of the current financial year, your actual lodgement deadline is probably just over one week away from now....
Roles and Responsibilities in a Business Partnership

Roles and Responsibilities in a Business Partnership

Set clear expectations from the start of your partnership . In Short Clearly define each partner’s roles and responsibilities to avoid misunderstandings and disputes. Establish decision-making processes, including voting rights and key decision areas. Prioritise...
Leasing property owned by an SMSF

Leasing property owned by an SMSF

The rules for a super fund investing in property are complex because of the restrictions placed on some types of property that may be acquired (purchased or transferred in specie) from related parties. . Once an SMSF has acquired property, either at auction, by...
Money and relationships – starting out right

Money and relationships – starting out right

Money issues can lead to relationship issues but working together on your finances and goals regularly may mean you and your partner are better aligned for the long-term…  CLICK TO READ FULL...