ATO Updates

Transfer Balance Account Report - TBAR - Events-based reporting
Solving events-based reporting for SMSFs

Chloe Ward Relationship Manager | Associate Director   Events-based reporting for SMSFs is coming whether trustees and their advisers are ready for it or not.  The ATO has made it...

05 10 2017 / Posted by Chloe Ward
30 June 2017 PCG 2017-5 Pension Commutations
30 June 2017 Transfer Balance Cap Pension Commutations: PCG 2017/5

The ATO has released new pension commutation guidelines which resolves a practical bind facing SMSF members trying to comply with the $1.6 million transfer balance cap. Practical Compliance Guideline (PCG)...

09 05 2017 / Posted by Superfund Wholesale Team
SMSF returns must be lodged by 15 May to avoid penalties
SMSF returns must be lodged by 15 May to avoid penalties

SMSFs must lodge an annual return once the independent audit of the fund has been finalised. The SMSF annual return is more than an income tax return. It is also...

09 05 2017 / Posted by Superfund Wholesale Team
Capital Gains Tax relief – SMSF advisers need to start planning now
Capital Gains Tax relief – SMSF advisers need to start planning now

The changes to superannuation announced in the 2016 Federal Budget have been passed by Parliament. Amongst the changes was legislation which provides CGT relief for SMSF members who are transferring...

10 04 2017 / Posted by Superfund Wholesale Team
Self managed superfund Administration SMSF Admin - SMSF Administration for advisers - PSI SMSFs
Diverting personal services income to SMSFs

The ATO is currently reviewing arrangements where individuals (at, or approaching, retirement age) purport to divert their personal services income to an SMSF, so that the income is taxed concessionally...

03 03 2017 / Posted by Superfund Wholesale Team