Why your SMSF’s ‘rule book’ may be broken (and how to fix it)

Why your SMSF’s ‘rule book’ may be broken (and how to fix it)

by Hugo Furzer

As you probably know, every SMSF must have a corresponding Trust Deed. Think of it as the rule book every Trustee and Members of the SMSF must follow. And the rules cover pretty much every aspect of the SMSF’s operation, including such things as:

  • the powers and limitations of what the Trustee can do with SMSF assets
  • when and how members must apply to access their benefits
  • how members can contribute to the fund
  • how death benefit nominations are put in place.

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Why Budget Night might be a MayDay call for transition to retirement pensions

Why Budget Night might be a MayDay call for transition to retirement pensions

55 and over – Act NOW to protect your Super

Everyone loves a good rumour and with budget night less than a month away – due to be delivered on 3rd May – there are many going around. With Australia’s population aging and the baby boomers now at retirement age, it is suspected that the government may look to superannuation, contributions tax, and transition- to-retirement schemes (TTRs). Moreover, it is rumoured that TTRs may be attacked in the May budget. This means if you were 55 or over on 1 July 2015 you may need to act now.

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Tax Planning 2015

Tax Planning 2015

It’s Tax Planning Time. Take control of your 2015 tax year,  avoid unpleasant tax surprises, and make a move toward better tax & business decisions. Plan NOW before the end of the financial year.
Click here to view the first of a series of tax planning alerts to help you think about what you can do to make your 2015 tax year different. With some small measures and a little planning you could:
  • Defer tax
  • Minimise tax
  • Manage your tax cash flows & change your whole approach to the “T” word

Don’t let tax get the better of you in 2015!

Need Help? Our team are ready with a tax planning process, whether you’re in business or an individual, we can provide:
  1. Projections of your taxable to income to 30 June
  2. Estimates of tax payable pre-planning
  3. Tax deferral & minimisation strategies
  4. Estimates of tax payable post-planning
  5. A 2015 tax report & action plan
  6. Peace of mind
Contact us with any questions you may have or to book your Tax Planning session now.

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