Three things I learned at the SMSF Association conference
Professionals / SMSF

Three things I learned at the SMSF Association conference

Last week I attended (and presented at) the SMSF Association’s national conference (‘SMSF Conference’) in Adelaide, joining around 1,500 professionals to talk about most things ‘SMSF’. The two and half days provides a great opportunity to hear from Government, Treasury, ASIC and ATO representatives on the direction of policy and reforms.  Add into the mix a range of … Continue reading »

Look before you leap with TRIS election strategy
Professionals / SMSF / SMSF Compliance / SMSF Strategy

Look before you leap with TRIS election strategy

It would be fair to say that new strategies have been relatively ‘light on’ over the past few years in the superannuation space.  So, when the industry gets wind of a new strategy that arguably changes the game for transition to retirement income stream (TRIS) recipients, the excitement certainly lifts amongst SMSF professionals. The decision in private … Continue reading »

Launching the SMSF Day events
Announcements / Professionals / SMSF

Launching the SMSF Day events

  It is with great excitement that I announce the launch of the SMSF Day to be held across Australia between 6 – 15 April 2016. About the SMSF Day The SMSF Day has been created as an expansion to our highly popular SMSF tax planning webinar.  This face-to-face tax planning and strategies day is devoted to building your SMSF … Continue reading »

Narrowing in on the sole purpose test
Professionals / SMSF / SMSF Compliance

Narrowing in on the sole purpose test

It’s very easy to take a narrow focus towards the way a fund may invest or in assessing the activities of trustees.  When considering the application of the sole purpose test (which is contained within section 62 of the SIS Act), it is deliberately stated in very broad terms to ensure that it encapsulates that a … Continue reading »

Sole Purpose Test webinar
Professionals / SMSF / SMSF Compliance

Sole Purpose Test webinar

The sole purpose test underpins the super laws to ensure that member benefits are maintained for the provision of retirement, employment termination or death benefits. In our October 2015 webinar, I will be exploring many of the key elements of the sole purpose test and how it applies to investment decisions and activities undertaken by fund trustees.  When we think about … Continue reading »

10 things you need to know about using a contribution reserve
Contributions / Professionals / SMSF / SMSF Strategy

10 things you need to know about using a contribution reserve

The use of a contribution reserving strategy with SMSF trustees is one of the more popular strategies for individuals to utilise where they may have abnormally high levels of income for a financial year (e.g. CGT event) or where an employee may receive a bonus that can be salary sacrificed into their SMSF.  Since the ATO initially released … Continue reading »

Is your SMSF electronic service address (ESA) active?
ATO / Professionals / SMSF / SMSF Compliance / Trustee education

Is your SMSF electronic service address (ESA) active?

It is estimated that more than 60% of SMSFs (300,000) receive employer contributions and need to be SuperStream compliant.  According to the ATO, more than 75% of all SMSFs have obtained an electronic service address (ESA) and are ready to received SuperStream contributions from their employer.  With small employers (<20 employees) required to comply by … Continue reading »

ATO’s about face a positive outcome for ECPI
ATO / Pensions / Podcasts / Professionals / SMSF

ATO’s about face a positive outcome for ECPI

Earlier this year, we saw the ATO appear to ‘move the goal posts’ when it came to applying exempt current pension income (ECPI) within a SMSF. This guidance provided by the Assistant Commissioner, stated two critical changes in calculating and reporting ECPI: to be exempt from an actuarial certificate, you must use the segregated method … Continue reading »

Open Campus | Join us for a free webinar demonstration
Campus / Professionals / SMSF

Open Campus | Join us for a free webinar demonstration

I’ve been a little quite in recent times on my blog… and with good reason! We have been busy working on The SMSF Academy’s new Campus app that provides professionals with an all-in-one SMSF learning and document platform.  I’d like to invite you to register for one of our coming free webinars to show you the many … Continue reading »

SMSF (hope) is not a strategy
Professionals / SMSF / SMSF Business Model

SMSF (hope) is not a strategy

I would like you to stop and think about how the SMSF sector has changed over the past decade or more.  What looks different today in terms of regulation, legislation, technology and more? Since undertaking the Future of SMSF report in 2014, I have regularly commented that SMSFs have been the disruption the superannuation industry … Continue reading »