Administering and Reporting

Administering and ReportingSMSF InsightsUnderstanding SMSFs

Is the trust of an SMSF able to claim a deduction for the corporate trustee annual registration fee paid to ASIC?

The simple answer is yes – if the SMSF’s trust deed permits it. If the trust deed permitted the trustee to claim the deduction, then the corporate trustee company could bill the superannuation fund for the expense.  This would be assessable income to the corporate trustee company and the trustee would be able to claim…

Administering and ReportingUnderstanding SMSFs

SMSF and Insurance

February 2017 Trustees of SMSFs are required to regularly review their investment strategy and to consider insurance for the members as part of that review. Up until 1 July 2014 any type of life insurance could be held through superannuation, however from this date SIS regulation 4.07d will prevent trustees from offering insurance where the…

Lifecycles of your SMSF

February 2017 In this session we will look at the lifecycles of your SMSF and examine the many ways the investments in your SMSF can create wealth for your retirement. Those times in your working life when you are accumulating your wealth can require different strategies to those adopted once you are in retirement. In…