superannuation

Forced unwinding of your LRBA? Best to have a contingency plan

  Limited recourse borrowing arrangements (LRBAs) were once all the rage in SMSF land. However, with the tightening of banking rules this frenzy has begun to abate somewhat over the last few years. LRBAs are great in a growing market as they allow an SMSF to grow the value of assets it holds in the

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SMSF death beneficiaries and exceeding the $1.6m TBC

  The ATO runs a forum for taxpayers to pose personal scenarios and ask questions, which are addressed by ATO staff. See the forum here. The answers provided to these questions are checked for technical accuracy before being posted on the site and labelled as “ATO certified”. The community forum is also a place in

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Key issues for SMSFs still in need of clarification

Among the superannuation reforms that many SMSF members are still coming to terms with is the introduction of a concept of “total superannuation balance”. On the surface, an individual may simply think that it is the sum of balances of their superannuation interests. However, this is not the case. Commissioner’s guidance on this matter includes

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