In essence a self-managed superannuation fund is a special form of trust and satisfies general trust law as the assets of the fund are held on trust by a trustee to provide retirement or death benefits for its members, with those members being the beneficiaries.
taxation
ATO takes aggressive stance on trust distributions
The Tax Office recently released its long-awaited guidance on how it will treat distributions from a family trust in situations where it believes that someone other than the recipient of the trust distribution will actually obtain the benefit of it, and the reason for distributing to the initial recipient was to save tax.
What are COVID-19 re-contributions?
COVID-19 re-contributions are superannuation contributions which are a return to the superannuation system of a COVID-19 release amount. They are new personal superannuation contributions which have been identified by you as being COVID-19 re-contributions.
Why you need to understand dividend imputation credits
You likely benefit from dividend imputation credits. That’s why you need to understand what they are, writes Andrew Zbik.
New testamentary trust law
New law closes loophole on Favourable Tax Treatment of Income from Testamentary Trusts.
New law clarifies minor’s tax on testamentary trust income
A minor pays tax at adult marginal rates on income received from a testamentary trust. The new law seeks to stop non-estate assets making their way into those trusts in order to increase that income and access those marginal rates.
Being an expat and managing your finances overseas
Record numbers of Australians are leaving to live and work overseas. Expat lending specialist Alfred Moller has five top tips for Australians who have made the move.
How does an SMSF buy a property?
There are a lot of considerations about buying property as an investment and the complexities increase when the purchaser is an SMSF.