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 »

Contributions / Opinion / SMSF / SMSF Compliance / SMSF Strategy

Minister Shorten confirms review into Excess Contributions Tax

It was very pleasing to read today in the Australian Financial Review, that Assistant Treasurer and Minster for Financial Services & Superannuation, Bill Shorten has confirmed that Treasury is reviewing the current Excess Contributions Tax (ECT) penalty regime and is looking at options to change the laws. The Minister was quoted as saying, “I am fully … Continue reading »

Professionals / SMSF / SMSF Strategy / Webinars

Webinar now uploaded on Dealing with Excess Contributions Tax

After a successful webinar today on the topical issues of “dealing with excess contributions tax”, I am pleased to advise that this session has now been uploaded to view. Click here to watch the recorded webinar.  A copy of this recording can also be downloaded from thedunnthing box (right-hand side of the page). Areas covered … Continue reading »

Professionals / SMSF / SMSF Strategy

10 things you need to know about using SMSF Reserves

There appears to be a great deal of mystery surrounding the use of reserves inside a SMSF.  Whilst many thought the abolition of RBLs was the death of SMSF reserves, this is certainly not the case.  For SMSFs, there are a range of strategies available that can utilise reserves to deliver exceptional client outcomes. Section … Continue reading »