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SMSF

Technical information in this section relates to technical issues for Self Managed Superannuation Funds.

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Superannuation income streams: When can, or must, a valid automatic reversion be put in place?

  • Tech Talk Article
  • By Topdocs
  • 8th May, 2012
Executive Summary Following the release by the Australian Taxation Office (ATO) of its draft Taxation Ruling TR 2011/D3 ‘Income tax: when a superannuation income stream commences and ceases’, on 13 July 2011, a greater focus has been placed on th...

Concessional Contributions Be careful with the timing

  • Tech Talk Article
  • By Topdocs
  • 7th May, 2012
Executive Summary We know that employers have until 28 July to pay contributions for the June quarter, and we also know that the ATO has indicated a willingness to reallocate contributions to an earlier (or later) year, as one of the few ‘special c...

SMSF Corporate Trustees and underage Members

  • Tech Talk Article
  • By Topdocs
  • 7th May, 2012
Executive Summary Arising from what was an apparent drafting oversight back in 1999, the rules which require that members of a SMSF also be the trustees of the fund (member/trustee rules) under the SIS Act would not be met when: the trustee of a SMSF...

Tax and Estate Planning for SMSF Income Streams

  • Tech Talk Article
  • By Topdocs
  • 28th February, 2012
“I am not worried about the tax on my super benefits when I am gone - my children will need to worry about that.” Have you ever had a client make a similar statement when you were suggesting strategies to reduce tax payable on the death of the SM...

SMSF Income Streams - Priority of cashing of benefits & other options

  • Tech Talk Article
  • By Topdocs
  • 28th February, 2012
Tax and Estate Planning for SMSF Income Streams - Case Study 1 - Priority of cashing of benefits & other options Bryce has turned age 55 and has decided to commence a Transition to Retirement Income Stream. He has a balance of $400,000 in th...

SMSF Income Streams - Reversionary Pensions & Estate Planning

  • Tech Talk Article
  • By Topdocs
  • 28th February, 2012
Tax and Estate Planning for SMSF Income Streams - Case Study 2 - Reversionary Pensions & Estate Planning Joe is a single parent who has recently turned 60 years of age. He has 2 adult children, Peter & Claire, from his first relationship, bot...

Income tax deductions for superannuation funds - Total and Permanent Disability (TPD) premiums

  • Tech Talk Article
  • By Topdocs
  • 7th February, 2012
In December 2011, the ATO released a Draft Taxation Ruling TR 2011/D6, titled Income tax: deductibility under subsection 295-465(1) of the Income Tax Assessment Act 1997 of premiums paid by a complying superannuation fund for an insurance policy prov...

Refund of Excess Concessional Contributions Draft Legislation

  • Tech Talk Article
  • By Topdocs
  • 7th February, 2012
In the 2011 Federal Budget, the Government announced it would legislate to allow the refund of excess concessional contributions in specific instances. In December 2011, the Government released draft legislation to allow the announcement to be made l...

Income Tax: When a Superannuation Income Stream Commences and Ceases

The ATO has recently released draft ruling TR 2011/D3 – Income tax: when a superannuation income stream commences and ceases.  This ruling is proposed to apply from 1 July 2007 and its relevance for advisers and trustees is high, as it determines the stages in which a member’s account balance is in tax exempt pension phase, or taxable accumulation phase.

Topdocs SMSF Technical - Understanding SIS Concepts

In this first instalment of our SMSF Technical series, Topdocs director and SMSF Specialist Jake Spakman provides some insight into the framework for Superannuation Regulation.  A comprehensive must read for all advisers and SMSF Administrators.

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