ATO / Contributions / Pensions / Professionals / SMSF / SMSF Compliance / Trustee education

The pension trap with deductible contributions

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 »

Triggering the 'bring forward' rule
Professionals / SMSF / SMSF Strategy / Trustee education

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 »