The use of separate SMSFs for accumulation and pensions stages to minimise tax obligations may attract the ire of the ATO, but there may be other, more legitimate, reasons for using this strategy.
Archive | SMSF Strategies
Why an SMSF pension is tax-free and receives a refund
Denying imputation credit tax refunds to the SMSF as taxpayer will reduce its income, causing pension funds to deplete faster, and its members to turn to the age pension quicker. This isn’t an outcome the Government desires.
Franking: never mind the logic, let’s obfuscate
The logic on Labor’s franking policy demands an answer to one question: how does a franking credit refund differ from an employee receiving a PAYG refund after putting a tax return?
What the surveys of SMSF investments reveal
Pension SMSFs will soon equal the number in accumulation, and the latest SMSF investment surveys reveal that changes in the 2016 Federal budget had a strong impact on investment patterns and flows.
Ensure death benefit nominations are upheld
It’s crucial for super fund or SMSF members to understand the law as it relates to death benefit nominations to ensure desired outcomes are achieved. Don’t leave a mess for others to fix.
10 checkpoints before setting up an SMSF
It’s fashionable to have an SMSF, and at barbecue talk, it goes well with the new car, private school, investment property and overseas holiday. But who should really have one?
Five things SMSF trustees should consider right now
The implications of the superannuation reforms did not end in 2017, and SMSF trustees should stocktake what they can do, especially focussing on the CGT and the unique definition of retirement for super.
Fast facts and figures 2018 reference guide
Accurium’s facts and figures guide compiles current rates and schedules for tax, superannuation, retirement, social security and aged care, updated to 1 January 2018.
SMSFs and the control over estate planning
An SMSF’s governing documents, including the trust deed, should specify trustee structure in the event of the death of a member, to ensure that the deceased’s estate plan is realised.
Four common technical questions on SMSFs and super reform
Months after the major superannuation reforms of 1 July 2017, advisers and their clients are still asking important questions, especially about transfer balance caps and segregation.
Mistakes in SMSFs on related party loans
The law in relation to SMSFs is complex and unfortunately, even professional advisers can get it wrong. Take this example of related party lending.
Moving your SMSF into pension phase
Understanding the rules for starting an account-based pension to fund retirement income is an important part of estate planning and should be done with expert guidance.
Limits to a will’s power over an SMSF
Unlike the rest of a person’s estate assets, a will has no power over the decisions of trustees of a superannuation fund when it comes to the payment of a death benefit.
How pension accounts can exceed $1.6 million
Many people believe it is not possible to hold more than $1.6 million in assets supporting pension accounts, but there’s good news for the reader asking this question.
