I asked the ATO. Positive returns do restore the tax-free component. So in the example above the tax-free component of the $50,000 lump sum is...
Perhaps this example will better illustrate my question; A member joins a SMSF and only ever makes one contribution a non-consessional...
Negative returns, effect on members tax free? Hi, I think this question will have a big impact to a lot of people who had super during the...
Thanks Superman
Should the tax and levy due for the income of the 2012 financial year reduce the member account balance at 30 June 2012 or 30 June 2013 (after...
Hi, Can someone please explain what the ATO is trying to say here; "If the market value of the assets supporting an income stream benefit...
Hi, I thought this may be beneficial to some people. I recently found this; ATO Definitions "Unrestricted non-preserved benefits...
After some looking around online I have found the answer to my first question; Yes, because the account will hold segregated funds and...
Hi, I intend to start an account based pension and have it's funds segregated. The segregated funds include shares and a separate UBank bank...
Hi ethereal, I am new to SMSF's but it sounds like your accountant is suggesting a re-contribution strategy this web page may help;...
Hi jorgon, Thank you for your comprehensive reply. The “nil-effect” option sounds like the best option for me in order to maximise my...
Hi, I recently paid an accountant an up front fee of $1,650 to set-up a SMSF. Q1.Can the $1,650 set-up fee be claimed as a tax deduction? (TR...
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