thedunnthing My views and strategies regarding Self Managed Super Funds.

If the industry was pleased about the draft ruling on limited recourse borrowing arrangements (LRBA), the final ruling, SMSFR 2012/1 has done nothing to wipe the smiles off trustee & industry faces.  The ATO has taken a practical approach in this ruling to key concepts including: What is an ‘acquira

Much has been talked about of the budget announcements impacting contributions, in particular a flat $25,000 concessional contribution cap that will apply across all individuals from 1 July 2012.  Whilst concessional contributions have been impacted, non-concessional contribution amounts will remain

The Australian Taxation Office publishes a quarterly statistical report of Self Managed Super Funds.  The March quarter again showed strong signs of growth, with an additional 7,152 new establishments, taking the total establishments to 35,868 for the last 12 months.  This growth was coupled with po

Find out more about the impact of the 2012 Federal Budget on the superannuation sector, by watching this webinar conducted by The SMSF Academy. The webinar looks at the key changes to the additional contributions tax to apply to high income earners and the impact of the deferral of the extended conc

It was a budget that certainly delivered on news that the Government was tightening its belt to deliver a budget surplus for 2012-13 and superannuation was certainly not immune from this pain.  Unfortunately though, as a result of the announced changes in tonight’s budget, we are likely to see confi

Many people within the super industry have been moving uncomfortably in their chairs since the Government filtered out of news of an additional level of contributions tax on high income earners (greater than $300,000).  This nervousness is justified as it is again another example of going for an eas

The media was a buzz over the weekend regarding the proposed budget announcement to increase the contributions tax rate from 15% to 30% for individuals who earn more than $300,000 p.a. In 1996, the Coalition Government introduced the super surcharge to help ‘fix the mess’ of the previous Labor Gover

The SMSF Academy is pleased to announce its next SMSF webinar on Family Law & SMSFs. This session includes Accredited Specialist in Family Law, Melissa Cantwell as a guest panelist.  Melissa will discuss key issues of family law when dealing with SMSFs and the important role of the advisor when deal

Here we go again…  The rumour mill is in full-swing with news that the Labor Government will look to target superannuation in their pursuit of bringing the budget back to surplus.  This video courtesy of SkyNews reports that super concessions are set to be cut back in the upcoming budget. What do yo

I had a question posed to me earlier this week regarding when a member would meet a condition of release if they have never worked.  It’s an interesting one because superannuation law prior to age 65 focuses on termination of gainful employment to be able to access superannuation benefits, whether a