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SMSF changes and reminders for 2023
- 29 January 2023
- Posted by: GJ North
- Category: SMSF
No CommentsIf you’re thinking of starting a self managed superannuation fund (an SMSF) in 2023, you need to be aware of the recent changes made by the ATO on fund registration, and the application of the Director ID regime to funds with corporate trustees.
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Thinking of ditching your SMSF?
- 28 August 2022
- Posted by: GJ North
- Category: SMSF
Are you having doubts about using your self managed superannuation fund (SMSF) for your retirement? Whatever your age, if recent market conditions, cost or the amount of administration involved are getting to be too much and you would like to wind up the SMSF, there are several steps involved.
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SMSF COVID-19 relief measures have now ceased
- 28 August 2022
- Posted by: GJ North
- Category: SMSF
The ATO has reminded trustees of self managed superannuation funds (SMSFs) that COVID-19 relief measures that previously applied for the 2019–2020, 2020–2021 and 2021–2022 income years no longer apply from 1 July 2022.
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ATO’s COVID-related support for SMSFs
- 9 May 2022
- Posted by: GJ North
- Category: SMSF
Because of the financial impacts of COVID-19, trustees of a self managed superannuation fund (SMSF), or a related party of the fund, may provide or accept certain types of relief, which may give rise to contraventions of the super laws. Some trustees may also have been stranded overseas because of travel bans, which can affect their fund’s residency status.
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SMSFs investing in crypto-assets: be informed and keep records
- 7 March 2022
- Posted by: GJ North
- Category: SMSF
According to the Australian Securities and Investments Commission (ASIC), there has recently been a surge of promoters encouraging individuals to set up self managed superannuation funds (SMSFs) in order to invest in crypto-assets.
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Contributions into SMSFs: minimum standards
- 6 March 2022
- Posted by: GJ North
- Category: SMSF
There are many compliance obligations for trustees of self managed superannuation funds (SMSFs). One of the simplest but most important is ensuring that contributions from members can be accepted into the fund.
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COVID-19 relief for SMSFs extended
- 4 November 2021
- Posted by: GJ North
- Category: SMSF
Due to the ongoing economic impacts of COVID-19 on large parts of Australia, the ATO has announced the extension of various COVID-19 relief measures for trustees of self-managed superannuation funds (SMSFs).