ATO / SMSF / SMSF Compliance

When a family super fund can go horribly wrong

The debate about whether children should be members of their parent’s SMSF is a topic that divides SMSF trustees and professionals. A recent AAT decision has highlighted how the concept of a “Family Super Fund” or “Enduring Family Super Fund” can go horribly wrong. AAT Decision of Triway Superannuation Fund and Commissioner of Taxation [2011] AATA … Continue reading »

Opinion / Professionals / SMSF / SMSF Compliance / Statistics

10 things about the latest stats on SMSFs

The Australian Taxation Office (ATO) has recently released (2 March 2011) their quarterly SMSF statistics to the end of December 2010.  A lot of attention is directed to these statistics about the continuing growth of the SMSF industry, but what are some of these statistics really telling us about self-managed super funds? I outlined below … Continue reading »

Professionals / SMSF / SMSF Strategy / Trustee education

A family super fund or a family feud?

The concept of the family super fund (FSF) has started to enter the vocabulary amongst SMSF trustees and advisers over the past year as a way to bring together family members to invest and manage their total wealth. The focus of the family super fund concept is to provide for not only the members today, but … Continue reading »