| Self-managed super fund statistical report - December 2011 |
| Statistical reports for the self-managed super fund market for the period up to December 2011. |
| Subscribe to SMSF News |
| The SMSF News provides regular information for trustees of self-managed super funds, tax agents, financial planners and administrators. |
| Thinking about self-managed super |
| Six steps to work out if managing your own super is right for you. |
| Trustee declaration - To be completed by new trustees and directors of corporate trustees of self-managed super funds. |
| You must complete this declaration if you became, on or after 1 July 2007, a new trustee of a new self amanged super fund (SMSF) or an existing SMSF. To be read in conjunction with Self managed super funds - key messages for trustees. NAT 71089. |
| Setting up a self-managed super fund |
| What you need to know about setting up a self-managed super fund. |
| SMSF Newsletter - Edition 21 |
| SMSF News is a quarterly electronic newsletter for trustees of SMSF's, tax agents, approved auditors, financial planners and administrators about key regulatory and administrative topics, as well as any significant developments of interest to the industry. |
| Self-managed super fund statistical report - September 2011 |
| Statistical reports for the self-managed super fund market for the period up to September 2011. |
| SMSF Newsletter - Edition 20 |
| SMSF News is a quarterly electronic newsletter for trustees of SMSF's, tax agents, approved auditors, financial planners and administrators about key regulatory and administrative topics, as well as any significant developments of interest to the industry. |
| Start up kit |
| New trustees are sent a start up kit within 28 days of registering a self managed superannuation fund. |
| Change of details for superannuation entities |
| You should complete this application if you are acting on behalf of a superannuation entity and want to update particular details regarding the fund or trust for Australian Business Number (ABN) purposes. NAT 3036. |
| Running a self-managed super fund |
| Provides information to SMSF trustees on the rules and responsibilities for running the SMSF, managing the retirement savings and complying with super and tax laws. |
| Self-managed super fund statistical report - June 2011 |
| Statistical reports for the self-managed super fund market for the period up to June 2011. |
| SMSF Newsletter - Edition 19 |
| SMSF News is a quarterly electronic newsletter for trustees of SMSF's, tax agents, approved auditors, financial planners and administrators about key regulatory and administrative topics, as well as any significant developments of interest to the industry. |
| How your self-managed super fund is regulated |
| This publication explains how we work with you and others to regulate your self-managed super fund. |
| Self-managed super fund statistical report - March 2011 |
| Statistical reports for the self-managed super fund market for the period up to March 2011. |
| SMSF Newsletter - Edition 18 |
| Newsletter updating subscribers on news and changes related to SMSFs. |
| Self-managed super fund statistical report - December 2010 |
| Statistical reports for the self-managed super fund market for the period to December 2010. |
| SMSF Newsletter - Edition 17 |
| Quarterly electronic newsletter for SMSF trustees, tax agents, approved auditors, financial planners and regulators. |
| Winding up a self-managed super fund |
| What you need to know about winding up a self-managed super fund. |
| Self-managed super fund statistical report - September 2010 |
| Statisical reports for the self-managed super fund market for the period to September 2010. |
| SMSF Newsletter - Edition 16 |
| SMSF News is a quarterly newsletter emailed to SMSF trustees, tax agents, approved auditors, financial planners and administrators about key regulatory topics and developments of interest to the SMSF industry. |
| Self-managed super fund statistical report - June 2010 |
| Statistical reports for the self-managed super fund market for the period up to June 2010. |
| SMSF Newsletter - Edition 15 |
| SMSF News is a quarterly newsletter emailed to SMSF trustees, tax agents, approved auditors, financial planners and administrators about key regulatory topics and developments of interest to the SMSF industry. |
| Self-managed super fund statistical report - March 2010 |
| Statistical reports for the self-managed super fund market for the period to March 2010. |
| SMSF Newsletter - Edition 14 |
| SMSF News is a quarterly newsletter emailed to SMSF trustees, tax agents, approved auditors, financial planners and administrators about key regulatory topics and developments of interest to the SMSF industry. |
| Self-managed super funds: A statistical overview 2009 |
| This statistical overview for 2009 of self-managed super funds (SMSF) provides high level observations and commentary. The majority of commentary has been collected from the SMSF annual return (SAR), SMSF registrations and auditor contravention reports (ACRs) lodged by approved auditors. |
| SMSF Newsletter - Edition 13 |
| SMSF News is a quarterly newsletter emailed to SMSF trustees, tax agents, approved auditors, financial planners and administrators about key regulatory topics and developments of interest to the SMSF industry. |
| Self-managed super fund statistical report - June 2009 |
| Statistical reports for the self-managed super fund market for the period to June 2009. |
| Self-managed super fund quarterly statistics methodology |
| Information summarises the methodology we use to produce quarterly statistics for self-managed super funds (SMSFs). |
| Accepting contributions and rollovers |
| You can accept various super contributions for your members but there are some restrictions, mostly depending on the member's age and whether they've exceeded the contribution caps. |
| Accessing your super |
| Accessing the super in your SMSF to pay benefits is generally only allowed when a member reaches what's called their 'preservation age' and meets one of the specified conditions of release - for example, they retire. There are significant penalties for unlawfully releasing super benefits. |
| Amendment to practice statement - in-house assets and SMSFs |
| We have recently made amendments to Law Administration Practice Statement (PS LA 2009/8). |
| Appointing an auditor |
| You must appoint an approved auditor to audit the fund each year. |
| Beware of promoters offering early access to super |
| Various plans which offer access to your superannuation money before you retire are illegal. |
| Carrying on a business in a self-managed superannuation fund |
| If you are a self-managed superannuation fund (SMSF) trustee and are thinking of carrying on a business in a SMSF, there are regulatory provisions you need to consider. |
| Changes to super |
| Provides an overview of changes to super. |
| Collectables and personal use assets - questions and answers |
| On 1 July 2011 rules were introduced into the Superannuation Industry (Supervision) Act 1993 (SIS Act) for self-managed superannuation fund (SMSF) investments in collectables and personal use assets. |
| Contracts for difference (CFDs) |
| Be very careful when entering into contracts for difference. |
| Data and payment standards |
| The Exposure Draft - Superannuation Data and Payment Standards was released by Treasury on 9 February 2012, and submissions close on Thursday 23 February 2012. |
| Economic downturn for SMSFs |
| The information has been prepared for trustees of self-managed super funds (SMSF) and approved auditors and provide specific examples. |
| Evading tax and super laws by using unrelated trusts |
| The arrangement outlined in Taxpayer Alert 2010/5 is where a self-managed super fund (SMSF) invests funds in an unrelated trust. The trust then on lends the funds to an SMSF member or relative of the member. |
| Examples of what to watch out for |
| Here are four case studies of what you should look out for as a trustee of self managed superannuation fund |
| Excess contributions tax - administrative penalties |
| We have released a new practice statement which provides guidelines for remitting administrative penalties where an individual or super provider does not comply with their excess contributions tax release authority obligations. |
| Final Ruling - Borrowing money or maintaining an existing borrowing of money |
| Generally self-managed super fund trustees are prohibited from borrowing money or maintaining an existing borrowing of money. To understand why, we have issued final ruling SMSFR 2009/2. |
| Fund rules intended to prevent excess contributions tax |
| In Taxpayer Alert TA 2010/2 the ATO highlighted issues concerning the governing rules in some superannuation funds which are designed to prevent a member from becoming liable to excess contributions tax (ECT). Having reviewed these arrangements, the ATO has withdrawn the Taxpayer Alert. |
| How to apply for SMSF specific advice |
| Provides the process of applying for SMSF specific advice. |
| How to report contributions that you roll over - self-managed superannuation funds |
| How to report contributions rolled over from your self-managed super fund in the Rollover Benefits Statement and the SMSF Annual Return. |
| How your self-managed fund is regulated |
| The super system is regulated by three key government agencies. The Tax Office is responsible for the regulation of SMSFs. |
| Improving the integrity of SMSF trustee and member details |
| Over the coming weeks the ATO will be correcting some discrepancies between SMSF registration records and SMSF annual returns. |
| In-house assets and transitional rules |
| Explains what an in-house asset is, the transitional rules that apply to certain assets owned before 11 August 1999 and the changes that apply after 30 June 2009. |
| Keeping good records |
| Advice for trustees of a SMSF on what records to keep and why. |
| Keeping SMSFs within the definition of an SMSF |
| Trustees should ensure the fund always stays within the legal definition of a self managed superannuation fund |
| Key superannuation rates and thresholds |
| The key rates and thresholds that apply in relation to contributions and benefits, employment termination payments, superannuation guarantee and co-contributions. |
| Limited recourse borrowing arrangements |
| We have recently issued Draft SMSF Ruling SMSFR 2011/D1- Self Managed Superannuation Funds: limited recourse borrowing arrangements - application of key concepts. |
| Limited recourse borrowing arrangements by self-managed super funds - questions and answers |
| This document provides general guidance on the ATO's current views regarding the application of the super law to limited recourse borrowing by self-managed super funds. |
| Managing your fund's investments |
| You need to manage your fund's investments in the best interests of fund members and in accordance with the law. Your investments should be separate from the personal and business affairs of fund members, including yourself. |
| Minimum pension relief for self-funded retirees |
| The amended regulations to provide relief for self-funded retirees from the minimum payment requirement for account-based pensions have been extended. |
| New regulations for self-managed super fund investments |
| Information on the new measures that apply to SMSFs investing in collectables and personal use assets. |
| New SMSF member verification system |
| Information for SMSFs about a new SMSF member verification system that will provide greater transparency around super rollovers from APRA-regulated super funds into SMSFs. |
| No-TFN tax offset - IOP calculator |
| The No-TFN tax offset - interest on overpayments (IOP) calculator is now available. |
| Paying benefits and returning contributions |
| Your fund can only pay a benefit if you meet a condition of release and there are rules for accepting contributions that all trustees need to know. |
| Regulatory and audit records |
| At the end of each financial year you are required to have your fund audited by an approved auditor. |
| Reporting, record keeping and administration |
| As a trustee you'll have a number of administrative obligations - for example, you'll need to arrange an annual audit of your fund, keep appropriate records and report to us on the fund's operation. |
| Residency of self-managed super funds |
| For a self-managed super fund to receive tax concessions, it must be a complying super fund and must satisfy a residency test. |
| Self-managed super fund statistical report - March 2012 |
| Statistical reports for the self-managed super fund market for the quarter up to March 2012. |
| Self-managed super funds - trustee declaration |
| Describes the trustee declaration and key messages for trustees publication. Should be read inconjunction when trustees make any investment decisions and so they are completely aware of their roles and responsibilities. |
| Self-managed super funds and tax exemptions on pension assets |
| You may be able to claim a tax exemption in the SMSF annual return for certain income, once your SMSF commences paying super pensions. |
| Self-managed super funds overview |
| Issues to consider before setting up an SMSF, how to set up and run an SMSF, and how to wind up an SMSF. |
| Self-managed superannuation fund annual return |
| The Self-managed superannuation fund annual return (NAT 71226) comprises your income tax reporting, regulatory reporting and member contributions reporting. |
| Self-managed superannuation fund annual return instructions |
| The Self-managed superannuation fund annual return instructions (NAT 71606) can assist you to complete the Self-managed superannuation fund annual return (NAT 71226). |
| Self-managed superannuation funds determination - SMSFD 2011/1 |
| SMSFD 2011/1 explains whether a benefit payable with a cheque or promissory note can be 'cashed' for the purposes of the Superannuation Industry (Supervision) Regulations 1994 (SISR) at the time the cheque or note is received by the member or beneficiary. |
| Self-managed superannuation funds: A statistical overview 2009-10 |
| The statistical overview for 2009-10 of self-managed super funds (SMSF) provides high level observatins and commentary. The majority of data in this overview has been collected from the SMSF annual return (SAR), SMSF registrations and auditor contravention reports (ACRs) lodged by approved auditors. |
| Seminars for trustees of self-managed super funds |
| The ATO is delivering seminars to trustees of self-managed super funds (SMSFs) on an ongoing basis. |
| Setting up an SMSF |
| If you set up an SMSF you become a trustee of the fund. This means you'll be responsible for managing your SMSF according to its trust deed and the laws and rules that apply to SMSFs. The key principle is that you run your SMSF for the sole purpose of providing retirement benefits to fund members. |
| SIS Act |
| As a trustee, you must follow the rules in the superannuation legislation (the SIS Act) and its regulations (SISR). |
| SMSFs and lending |
| This document outlines the reasonable steps SMSF trustees should take when lending money to ensure that any investment is in the members' best interests. |
| Superannuation and false or misleading statements which do not result in a shortfall amount |
| The law has changed to expand the false or misleading statement penalty provisions to include false and misleading statements that do not result in a shortfall amount. |
| Superannuation benefit component calculator |
| Super professionals can use this calculator to determine the crystallised segment of the tax free component of a superannuation interest. |
| Superannuation crystallisation calculator |
| Super professionals can use this calculator to determine the crystallised segment of the tax free component of a superannuation interest. |
| Taxpayer Alert withdrawal |
| We have recently withdrawn TA 2010/2. |
| Thinking about self-managed super |
| Setting up an SMSF is a major financial decision and you need to have the time and skills to do it. There may be other, better options for your superannuation savings. Either way you should certainly get professional advice. |
| Understanding superannuation interests in an SMSF |
| Provides information about what is a superannuation interest in a self managed super fund and how the value of the interest is determined. |
| Understanding tax and SMSFs |
| The income of your SMSF is generally taxed at a concessional rate of 15%. To be entitled to this rate your fund has to be a 'complying fund' that follows the laws and rules for SMSFs. Much higher rates apply to income from non-arm's length investments and contributions above the contribution caps. |
| Unpaid trust distributions and in-house assets |
| We have released two self-managed superannuation funds rulings: SMSFR 2009/3 and SMSFR 2009/4. |
| What does business real property mean? |
| Business real property is defined as is the meaning of an eligible interest in real property. Details the connection required between property use and business, must be subject to a business use test. Final Ruling has a wide range of examples listed. |
| Winding up an SMSF |
| At some point you may need to wind up your SMSF. This could happen if all the members and trustees have left the SMSF or all the benefits have been paid out of the fund. |