Treasurer, Josh Frydenberg, delivered the Federal Budget on 2 April 2019. Below is our summary of the Federal Budget superannuation essentials as well as the ALP policy proposals.
Removal of Franking Credit Refunds – Driving Fear into the Heart of Trustees
In the lead up to the Federal Election one item that has sent a shiver of fear through SMSF Trustees is the proposed removal of franking credit refunds.
Trustee Responsibility
When a Trustee is not solely responsible, how does it impact Accountants and Auditors?
Do you Really Need $1m to Start a SMSF?
There has been a lot of talk driven largely by the uncovering’s of the Royal Commission as well as the Productivity Commission findings, surrounding the appropriateness of SMSFs.
Do More Members in a Fund Mean More Opportunities?
The Federal Government, on 27 April and again on Budget night, announced a proposed increase to the maximum number of members permitted in an SMSF and small APRA fund.
Federal Budget
Treasurer, Scott Morrison, delivered his third Federal Budget on 8 May 2018 and the third budget of the Turnbull government, which is the best budget for super for years.
Effective Use of Reserves
The ATO recently outlined their concerns in the SMSF Regulator’s Bulletin SMSFRB 2018/1, with respect of the use of reserves by Self-Managed Superannuation Funds.