SMSF COVID-19 Audit Relief Extended

2021-11-30T12:13:19+10:00December 5th, 2021|ATO, COVID-19, General, News, SMSF|

The ATO has extended COVID-19 relief for SMSF trustees. The relief measures, which protect trustees from COVID-19 related contraventions of the super laws, now extend from the 2019-20, 2020-21 and 2021-22 financial years. The relief measures provide: ·  Residency relief where the pandemic has prevented members from returning to Australia. This measure prevents the

6 Member SMSFs – the issues and opportunities

2021-07-26T11:00:12+10:00July 1st, 2021|News, SMSF|

From 1 July 2021, the maximum number of members a Self Managed Super Fund can have increased from four to six. Why would you have a fund with six members and what are the implications? Recently enacted laws increased the maximum number of allowable members in an SMSF and small APRA fund from four to

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