Did you know that superannuation fund members under the age of 25 and members with balances below $6,000 risk losing their insurance cover unless they actively opt in to retain their cover?
Finalised ATO position on SMSF event-based reporting for the transfer balance cap Following extensive consultation with the super industry, from 1 July 2018: SMSFs with members with a total super balance of less than $1 million will report events that impact their members’ transfer balances… Read More >>
When you set up an SMSF, you need to decide on the type of trustee for your fund. Your fund can either have individual trustees; or a company, as the trustee of the fund. Whichever choice you make, each SMSF member must play an active role… Read More >>