SMSF Insights

Written by Neil Sparks, Head of Membership & Corporate Development, SMSF Association First published in Eureka Report 12 September. Licensed by Copyright Agency.  Neil Sparks, head of membership & corporate development at the SMSF Association, lists all the things you can’t do with property when you have an SMSF – and it’s a long list.…

Written by Fabian Bussoletti, Technical Manager, SMSF Association As many individuals start to turn their minds toward meeting their tax time obligations, a recently published Administrative Appeals Tribunal (AAT) case highlights the strict application of the Notice of Intent (NOI) requirements when claiming a tax deduction for personal superannuation contributions – and the importance of…

Opinion piece written by Peter Burgess, CEO, SMSF Association First published in Financial Review 6 September 2023. Licensed by Copyright Agency.  New rules that allow SMSFs six members rather than just four offer opportunities for transferring assets to the next generation, as well as boosting contributions. There is little doubt significant demographic and cultural change…

Written by Neil Sparks, Head of Membership & Corporate Development, SMSF Association First published in Eureka Report 22 August. Licensed by Copyright Agency. Neil Sparks, head of membership & corporate development at the SMSF Association, the peak national body for the industry, examines the reasons why younger groups are opting to establish SMSFs – and…

Opinion piece written by Tracey Scotchbrook, Head of Policy & Advocacy, SMSF Association First published in The West Australian 21 August 2023. Licensed by Copyright Agency.  There are two words that perfectly encapsulate why people choose a self-managed super fund — choice and control. Control has been a long-held attraction of SMSFs. Although managing your…

Opinion piece written by Tracey Scotchbrook, Head of Policy & Advocacy, SMSF Association First published in Financial Review 09 August 2023. Licensed by Copyright Agency.  Even couples well below the new proposed threshold could face an extra 15 per cent tax thanks to an insurance payout in tough times. There has been much talk about…

Opinion piece written by Peter Burgess, CEO, SMSF Association First published in Financial Review 13 July 2023. Licensed by Copyright Agency.  What is being forgotten is that the goal behind the change was to target SMSFs that enter borrowing arrangements with related parties on non-arm’s-length terms. New non-arm’s-length expense (NALE) rules have become an administrative…

Opinion piece written by Peter Burgess, CEO, SMSF Association First published in Financial Review on 15 June 2023. Licensed by Copyright Agency.  Agricultural landowners are often asset rich and cash poor – which is why they will be gravely disadvantaged by the proposed $3 million cap on super balances. Just do the sums. At March…