SMSF member limit to rise While it’s not yet in force, the limit on SMSF member numbers is set to increase from the current four to six members later this year. For some SMSFs, this will be a welcome change and will mean additional family members can join their...
May 2021 Insights May is here and in cooler regions the colours of autumn are all around. In Canberra, Treasurer Josh Frydenberg is putting the finishing touches to the May 11 Federal Budget which will no doubt dominate the national conversation in coming weeks....
Making a super split Separation and divorce can be a challenging time, often made all the more difficult when you have to divide your assets. So how do you go about decoupling your superannuation? In years gone by, superannuation was not treated as matrimonial...
Weighing up costs and benefits of an SMSF For many people, the idea of managing and investing your own retirement savings is very appealing. But there is ongoing debate over whether running your own self-managed super fund (SMSF) is cost effective. So, what are the...
Good records the best defence when the Tax Man knocks As the Australian Taxation Office (ATO) turns its attention to businesses and individuals who have used COVID-related support programs, many taxpayers are likely to find themselves on the tax man’s radar. There are...
