ATO zeroes in on SMSF lifestyle assets
August 12, 2021

ATO zeroes in on SMSF lifestyle assets

 

The ATO will now have information on an individual’s new $65,000 car or their $100,000 boat as it looks to flush out tax dodgers who aren’t being completely honest about their financial affairs.

 

by zfs
Trust deed must include certain items
July 27, 2021

Trust deed must include certain items

 

An SMSF trust deed must have a series of non-negotiable items in it, such as rules allowing the use of a contribution suspense account.

 

by zfs
What’s your risk profile?
July 20, 2021

What’s your risk profile?

 

Your attitude to risk is one of the most important factors to consider when it comes to investing.

 

by zfs
Drawdown relief for all pensions
July 14, 2021

Drawdown relief for all pensions

 

The reduced minimum pension relief that will now apply for the 2022 financial year is not restricted to account-based pensions, said a legal specialist.

 

by zfs
ATO extends Division 7A relief
July 10, 2021

ATO extends Division 7A relief

 

The ATO made an extension relief for affected taxpayers and related SMSFs who are unable to meet the minimum yearly repayments on Division 7A loans due to COVID-19.

 

by zfs