ATO statistics show 12 per cent jump in SMSF assets
The total value of SMSF assets has climbed to $892 billion during the 12 months to March, according to the latest ATO statistics.
Categories for Financial Planning News
ATO responds to GST case involving SMSF
The ATO has issued a decision impact statement on a recent decision that determined whether an SMSF was liable for GST on the sale of subdivided lots.
Tax tips
The more detail you can give your accountant the quicker your tax return can be processed and, usually, the better the outcome. The following will help.
Super Contribution Changes starting 1 July 2022
From 1 July 2022, there will be changes made to super to make it easier for Australians to grow their retirement savings.
Using trusts: Keeping it in the family
Trusts are used to hold assets for various reasons, but most typically for tax planning and asset protection purposes. Here's a little more insight into how trusts work.
Work test changes open up TBC strategies for couples
The contribution changes coming in on 1 July will provide more time for spouses in SMSFs to even up their balances and maximise their transfer balance cap, according to an advisory firm.
RBA rate rise spurs mixed response from SMSF lenders
While the official interest rate increase has seen some SMSF lenders raise their interest rates, others are holding off for now.
ATO flags changes to TBAR reporting
New rules are in effect, which will see changes to how SMSFs manage transfer balance lodgement.
Make the most of these super opportunities before June 30
With only about four weeks left until the end of this financial year, now's a good time to check your superannuation options.
Talking money with a partner
Here are some factors to consider before you join finances with a partner.
