Appointing SuperGuardian as your Tax Agent
Self-Managed Superannuation Funds are required to use the Client-agent linking nomination process to appoint a Tax Agent or update the authorisations granted to an existing
Read MoreValuations for Year End Reporting
It is a legal requirement that all SMSFs record and report all assets at market value. Failure to report assets at market value or misrepresenting
Read MoreExcess Non-Concessional Contributions
The non-concessional contributions cap is $110,000 from 1 July 2021, however the ability to contribute to super is dependent on an individual’s Total Superannuation Balance
Read MoreExcess Concessional Contributions
The concessional contribution cap is $27,500 from 1 July 2021. With the ability to carry forward unused concessional contributions over a 5 year rolling period
Read MoreUnderstanding super terminology
An individual’s Transfer Balance Cap (TBC) and Total Superannuation Balance (TSB) are calculated differently andare separate concepts. When the super reforms of 2017 came into
Read MoreKey Rates and thresholds for 2021/22 Financial Year
Superannuation contributions and benefits are subject to various rates of taxation often linked to indexed thresholds. Similarly, eligibility for various Government schemes are also linked
Read MoreThe benefits of a special purpose corporate trustee
Deciding on the type of trustee which will be responsible for your SMSF is important. There are two types of structures available: Individual Trustees –
Read MoreSMSF Trustee Structure – What is the process to change it?
The choice to have either individual or a corporate trustee is an important decision to make for an SMSF however it doesn’t need to be
Read MoreSMSF Residency
SMSF’s must be ‘complying’ to ensure they attract the tax concessions they are known for. An SMSF’s complying status relies on it being an ‘Australian
Read MoreDeath and Incapacity – Who is in control of your SMSF?
With many trustees citing ‘control’ as one of the primary reasons for establishing an SMSF, there are many SMSF trustees that have failed to address
Read More