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Tag Archives: SMSF
SMSF pension fund tax exemption ceases on death
A self managed superannuation fund that is paying an income stream (pension) is exempt from tax including capital gains) on the earnings from assests used to pay the pension. The ATO has issued a draft ruling TD2001/D3 discussing its views … Continue reading
SMSF member verification system helps with rollover process
The introduction of the SMSF member verification system has given large APRA funds access to SMSF information held by the Australian Taxation Office to assist in determining whether a rollover request to an SMSF is for a legitimate SMSF member. … Continue reading
Superannuation measures in budget
A very brief summary of items in last week’s Australian budget that affect self managed superannuation funds: The major revenue measures concerning superannuation proposed in the Budget included: Excess contributions tax: The Government will provide eligible individuals who breach the … Continue reading
