SMSF Technical Updates

SMSF Technical updates is a monthly audio update on SMSF Radio where we look at what is happenning in the world of SMSFs, particularly from a technical viewpoint. This will include updates on rules, laws, and announcements from the Government or regulator on changes that may be occuring.

These are all MP3 files and so will play on just about anything.

February 2012

Technical update for the month of February - our first for 2012 - covering a number of announcements that were made at the end of last year, but are due to be implemented this year, some of which are yet to be legislated. Key among these is the dropping of the concessional contribution cap from $50,000 to $25,000 for those with an account balance of over $500,000. Plus a whole lot more.

 

With Darren Kingdon, Director and technical committee member of the Small Independant Super Funds Association (SISFA), and technical director of Planwealth.

 

CLICK HERE to listen.

December 2011

Technical update for the month of December, covering the announcements during the month around the extension of drawdown relief for account based pensions, abolition of the SGC age limit, and Government annoucements on intentions for next year. It also covers (in a seperate audio file) the withdrawal of a previous tax payer alert to do with using clauses in a trust deed to try and circumvent excess contributions limits. Note we had a couple of technical glitches this month so it is split into two audio files.

 

With Darren Kingdon, Director and technical committee member of the Small Independant Super Funds Association (SISFA), and technical director of Planwealth.

 

CLICK HERE to listen to part 1.

CLICK HERE to listen to part 2.

 

November 2011

Technical update for the month of November covering a umber of ATO interpretative decisions that came out. This included whether a former spouse from a same sex couple can be a death benefits dependant, whether former step children can be paid out a death benefit from a SMSF as a dependant, and whether or not a SMSF can acquire an asset with an existing charge over it.

 

CLICK HERE to listen.

October 2011

Technical update for the month of October, covering the ATOs long awaited draft which seeks to clarify its position on a number of contentious issues around SMSF borrowiing, particularly to do with borrowing to invest in property. It also covers the SMSF spcific parts of the Government's Stronger Super info pack that was released that month, plus a breif summary of SISFA's latest submission to Government.

 

With Darren Kingdon, Director and technical committee member of the Small Independant Super Funds Association (SISFA), and technical director of Planwealth.

 

CLICK HERE to listen.

September 2011

Technical update for the month of September covering the Government's opening of the consultation process and proposal to allow a once off refund of up to $10,000 for those that breach thier concessional contribution caps. Plus a summary of SISFA's submission around last month's ATO draft ruling on when a superannuation income stream starts and finishes. Plus some highlights from SISFA's annual forum.

 

With Darren Kingdon, Director and technical committee member of the Small Independant Super Funds Association (SISFA), and technical director of Planwealth.

 

CLICK HERE to listen.

August 2011

Technical update for the month of August covering the ATO's controversial draft ruling on when a superannuation income stream starts and ends, the TPD insurance premium deduction limits released by Treasury, and valuation of assets.

 

With Darren Kingdon, Director and technical committee member of the Small Independant Super Funds Association (SISFA), and Technical director at Planwealth.

 

CLICK HERE to listen.

 

July 2011

Technical update for the month of July covering collectables in SMSFs, concessional contribution caps, TPD insurance, and start of financial year reminders.

 

With Darren Kingdon, Director and technical committee member of the Small Independant Super Funds Association (SISFA), and Technical director at Planwealth.

 

CLICK HERE to listen.