Dunno? Dealing with contributions made in error [VIDEO]
Contributions / Dunno / Professionals / SMSF / SMSF Compliance / SMSF Strategy / Trustee education

Dunno? Dealing with contributions made in error [VIDEO]

I regularly get asked questions from readers through my blog on issues and strategies relating to self managed super funds, so why not bring these to ‘life’ by starting a new regular weekly blog, “Dunno: ask a question”.  Each week I will hand-pick a reader question and respond with a video, audio (blogcast) or written … Continue reading »

What lies ahead for SMSFs in 2013?
Contributions / Limited Recourse Borrowing Arrangements / Pensions / Professionals / SMSF Compliance / SMSF Strategy

What lies ahead for SMSFs in 2013?

A Happy New Year to all my readers… With the SMSF industry growing strongly, 2013 is likely to provide one of the most challenging and competitive (yet rewarding) periods for SMSF professionals. The year ahead will require practitioners to ‘step-up to the plate’ and be ready for many of the reforms that will reshape the … Continue reading »

What to take from the latest ATO SMSF statistics
ATO / Professionals / SMSF / SMSF Compliance / Statistics / Trustee education

What to take from the latest ATO SMSF statistics

Last week saw the release the ATO’s SMSF quarterly statistics (September 2012) which again showed strong growth in fund establishments.  A further 8,183 new funds were setup in the first quarter of 2012-13 financial year, taking the number of SMSFs to 488,576.  Total assets grew to more than $458 billion, which now shows the average … Continue reading »

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Advertise on The Dunn Thing

Aaron is recognised as one of Australia’s leading Self Managed Super Fund experts providing strategic advice and direction for SMSF Trustees and financial services professionals.  Have you considered advertising of The Dunn Thing to reach more than 8,000 highly engaged visitors each month (and growing). Continue reading »

ATO / Investments / Limited Recourse Borrowing Arrangements / Professionals / SMSF / SMSF Strategy / Trustee education

Alarms bells ringing with ATO around property investing in SMSFs

After only just discussing the regulatory focus by ASIC on SMSFs and property investments, we have seen further regulatory “alarm bells” ringing through the ATO’s release of taxpayer alert, TA 2012/7.  A Taxpayer Alert is an “early warning” of significant new and emerging higher risk tax and superannuation planning issues or arrangements that the ATO … Continue reading »

Limited Recourse Borrowing Arrangements / Opinion / Professionals / SMSF / SMSF Compliance

Have SMSFs become the target of property spruikers?

I read with great interest recently in the Australian newspaper, an article titled “Setting up an SMSF to buy property a risky strategy” (13 November 2012) regarding ASIC commissioners Peter Kell and Greg Tanzer focusing a taskforce on aggressive marketing of speculative property developments with SMSF limited recourse borrowing arrangements. Whilst there appears to be a lot … Continue reading »

Opinion / Professionals / SMSF / SMSF Compliance / Technology

What makes a good SMSF administrator?

The growth of the self managed super industry has spawn specialist SMSF administrators, both domestically and abroad.  This specialisation has also extended to many accounting firms who are now also developing in-house solutions, with specialist services in SMSF administration to complement their financial services offering. There has been some debate over the past week within the … Continue reading »

Opinion / Professionals / SMSF

The truth about SMSFs being mis-sold

I’m pretty passionate about defending the SMSF industry (maybe I’m biased), but it makes my blood boil when representatives from the ‘other side of the fence’ take a few cheap shots at self managed super funds with very little supported data (or none at all).  I’m referring to an article I read in Money Management yesterday prepared … Continue reading »

ATO / Estate Planning / Pensions / Professionals / SMSF / SMSF Compliance / SMSF Strategy / Trustee education

MYEFO provides relief on CGT and death benefits

Whilst much of the focus of the Mid-Year Economic and Fiscal Outlook (MYEFO) has been on the need to find dollars ensure the Labor Government delivers a surplus, the report has delivered some much-awaited news for the superannuation sector the final outcomes of the Commissioner’s views regarding TR 2011/D3, in particular when a pension ceases … Continue reading »

ATO / Professionals / SMSF / SMSF Compliance / Trustee education

Mid Year outlook outlines an increase to the SMSF Supervisory levy

The Mid-Year Economic & Fiscal Outlook (MYEFO) released today has seen the Government announce a further increase to the SMSF Supervisory levy to $259 for the 2013-14 financial year.  Having seen progressive increases in the supervisory levy since the introduction of the Simpler Super reforms from 1 July 2007, this jump represents the largest increase … Continue reading »