Client to Agent Linking Steps The Australian Taxation Office (ATO) has introduced a new security measure requiring entities other than sole traders/individuals to appoint a tax agent on their behalf. This new procedure aims to reduce identity theft. This new…
It is important you understand the rules relating to SMSF and real property. Firstly, the trustee must ensure that sole purpose test is met. Meaning that the property is for retirement purpose only, meaning you and your relatives cannot live…
In response to COVID-19, the government temporarily reduced superannuation minimum drawdown requirements for account-based pensions and similar products by 50% for 2019–20, 2020–21, 2021–22 and 2022–23 financial years. For the 2023–24 financial year, the 50% reduction in the minimum pension…
There are only a few reasons that you might be allowed to access your super early. For most people, you can only access your superannuation when: You retire and turn 60 You turn 65 (regardless of whether you’re working). …
Has a member of your self-managed super fund (SMSF) received an excess non-concessional contributions (ENCC) determination? If they have, ATO may send your SMSF a release authority. You must action the release authority within 10 business days of the issue…
SMSF SOLUTIONS AUS PTY LTD & THE BROOK HILLS TAX ACCOUNTANT PTY LTD AS PARTNERS FOR ARCH PARTNERS ABN 67 487 335 799; TAX AGENT REGISTRATION 26214880
No Advice Express or Implied: The information presented on this website is of a general nature and has not been crafted to accommodate the specific objectives, financial situation, or individual needs of any particular investor. SMSF Solutions refrains from providing financial product advice or endorsing any financial products, either explicitly or implicitly. It is explicitly stated that SMSF Solutions neither recommends nor represents any financial product or service available through its platform, including those established for your SMSF upon becoming a client.
Seek Professional Advice from a Financial Adviser: SMSF Solutions operates on a no-advice model and does not dispense financial, legal, or tax advice to clients. It is strongly advised that clients seek appropriate professional advice based on their personal circumstances. A licensed financial adviser can assess an individual’s situation and provide recommendations suitable to their financial needs. All information on the SMSF Solutions website is factual and general in nature, and therefore, reliance on it should be avoided. Trustees bear legal responsibility for all decisions made, even if advice is sought from a financial planner. While financial professionals can offer guidance and assistance, ultimate responsibility for the fund lies with the trustees.
ARCH PARTNERS and its employees wish to acknowledge the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging.
