An ATO message lands in your SMSF’s inbox. It tells you to pay a set amount from a member’s account to the ATO, and you have 10 business days to pay it and report back. That’s a release authority. The ATO has reported that about a quarter of SMSFs that receive one don’t respond. This post explains what triggers them and how to handle one. What is a release authority? A release authority is a notice from the ATO directing your fund to pay a specified amount from a member’s sup

During the Establishment process for your Self-Managed Superannuation Fund (SMSF), the first thing you need to think about is the...

As the government imposes more and more regulations on SMSF financial advisers and accountants, it seems like a good time to contemplate...

If you are one of the more than 10% of SMSF’s who have an LRBA or you are currently considering one, then better understanding them and who you need on your team to help manage them can be useful to keeping them compliant. An LRBA is a separate legal structure whereby an SMSF can utilise leverage to increase its investment base. A popular strategy among the many SMSFs with LRBA’s is to purchase their business premises by using their existing super together with borrowings. As

When things are running smoothly for an SMSF, investments doing well, no compliance issues and minimal changes being made it would seem...

It may not be the most pleasant of things to contemplate but considering your ultimate financial legacy and discussing this with your...

With the end of the financial year approaching, it’s time to get your SMSF in order and perhaps avoid any unintended compliance issues....