Whilst many people continue to maximise contributions into super, I have recently come across an issue that presents a timely reminder around understanding the rules for deductible member contributions. I was approached recently by an accountant whose client had made $500,000 in-specie contribution of listed shares into a SMSF. Of this contribution, $50,000 was to … Continue reading »
Tag Archives: concessional contribution
Financial year-end planning for your SMSF
With the end of the financial year fast approaching, it provides an important time for SMSF trustees to turn their attention to a range of strategies leading up to 30 June. The following list provides some ideas, issues, and strategies that can be used (or need to be addressed) with your self-managed super fund before … Continue reading »
Triggering the 'bring forward' rule
It has been three years since the introduction of the Simpler Super rules. It amazes me to this day that the application of the non-concessional contribution (NCC) ‘bring forward’ rule continues to catch out individuals, accountants and financial advisers. What is the ‘bring forward’ rule? An individual has the ability to make a non-concessional contribution … Continue reading »