Keep SMSF property investment in perspective, says SPAA

The role that self managed super funds (SMSFs) are playing in the current surge in residential property prices needs to be kept in perspective, says Graeme Colley, Director Technical and Professional Standards, of the SMSF Professionals’ Association of Australia (SPAA). Colley says despite all the market talk of SMSFs flooding into residential property, the actual…

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Tax certainty for deceased estates of SMSF pensioners

The government will amend the law to allow the tax exemption for earnings on assets supporting superannuation pensions to continue following the death of a fund member in the pension phase until the deceased member’s benefits have been paid out of the fund. This change will have effect from 1 July 2012. The super law…

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Govt fixes SMSF death benefit slug

When a superannuation fund is in pension mode it does not pay tax on income or capital gains derived from those assets used to provide the pension. The ATO earlier this year caused much angst when it determined that upon the death of a member, the fund is no longer providing a pension to that…

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