Build a strong path to wealth with our superannuation news and insights.

ATO is scanning for personal services income diverted to SMSFs

  The ATO has announced that it is reviewing arrangements where members of an SMSF (typically at, or approaching, retirement age) purport to divert income earned from their personal services (that is, PSI) to their fund, which results in minimising or even avoiding tax altogether on that income. The ATO says these arrangements typically display

[ Read More ]

What the Royal Commission has uncovered on superannuation

  The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (to give it it’s full name, but we can just call it the Commission) has provided a steady diet of horror stories and shone a not-too-pleasant light into the murky world of corporate financial advice. While no sector came out unscathed,

[ Read More ]

Could your SMSF survive losing refundable franking credits?

You may or may not subscribe to the belief that Australia faces a change of government in the near future. The arguments for and against and the volume of discussions held over the barbecue are likely to ramp-up in the time between now and the federal election. However one contentious consideration that SMSF trustees may

[ Read More ]