Self Managed Super Funds

SMSF Limited Recourse Borrowing Arrangements Interest Rates

By Warren Kruger / July 20, 2021 / 0 Comments

  | | | The ATO has confirmed that the following interest rates charged under a limited recourse borrowing arrangement (‘LRBA’) to an SMSF would be consistent with the safe harbour terms the ATO will accept for the 2021/22 financial year. Note that these rates are unchanged from those the ATO accepted for the 2020/21 […]

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Introducing SMSF Rollover Alerts Using Superstream

By Warren Kruger / July 16, 2021 / 0 Comments

  | | | Since February 2020, the ATO has been issuing alerts via email and SMS when certain changes are made to a self-managed super fund (‘SMSF’). With the inclusion of SMSF rollovers in SuperStream, the ATO will send the fund an email and/or text message alert when the fund uses the SMSF verification […]

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Warning Regarding New Illegal Retirement Planning Scheme

By Warren Kruger / April 1, 2021 / 0 Comments

  | | | The ATO has recently identified a new scheme where SMSF trustees were informed that they could set up a new SMSF to roll-over the fund balance from the old SMSF and then liquidate their old SMSF, in an attempt to avoid paying potential tax liabilities. The ATO warns that taking part […]

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SMSF Related Party Rental Income Deferrals Due To COVID‑19

By Warren Kruger / February 12, 2021 / 0 Comments

  | | | The ATO has made a determination to ensure that trustees of SMSFs do not inadvertently breach the “in-house asset rules” where the fund allows a related party to defer the payment of rent under a lease agreement (on arm’s length terms) because of the financial impact of COVID‑19. Where the requirements […]

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SMSFs May Be Able To Offer Rental Relief To Related Party Tenants

By Warren Kruger / May 19, 2020 / 0 Comments

  | | | As a result of the financial effects of the COVID-19 pandemic, some self-managed superannuation funds (‘SMSFs’) which own real property may want to give a tenant – who is a related party – a reduction in rent because the related party tenant has had a collapse in revenue. Charging a related […]

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SMSs for SMSFs!

By Warren Kruger / December 21, 2019 / 0 Comments

| | | In the interests of protecting SMSF members and their retirement savings from fraud and misconduct, the ATO has announced it will send out an email and/or a text message via an SMS when changes (including updates to the SMSF financial details or member information) are made. Accordingly, the ATO has urged all […]

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