SMSF conditions of release are the legal triggers that allow a member to access their superannuation benefits. Before an SMSF can pay a lump sum or start a pension, trustees must confirm that a valid condition of release has been satisfied and properly documented. The Most Common SMSF Conditions of Release Most SMSF members access […]
READ MORESMSF Investment Rules: What’s Allowed, What’s Not, and Where Trustees Get Caught
One of the most persistent misconceptions in the SMSF space is that compliance revolves around asset types. Trustees often ask whether their fund can invest in property, cryptocurrency, private companies or precious metals. The assumption is that some assets are “allowed” and others are not. In reality, SMSFs can invest in a wide range of […]
READ MOREDivision 296 Tax: What It Means for SMSF Trustees and Members
What is Division 296 tax? Division 296 tax is a proposed additional tax on individuals whose total superannuation balance exceeds $3 million at year end. It targets earnings attributable to the portion of a member’s balance above that threshold, rather than applying to the entire superannuation balance. The tax is assessed to the individual, not […]
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