Babbage & Co - Latest News and Press

14 May, 2020

SMSFs And Property Development: Beware Of Pitfalls

[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] SMSFs entering into arrangements which involve the purchase and development of real property for subsequent disposal or leasing should beware, the ATO is […]

30 April, 2020

Future Of SMSFs

[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] Prior to the disruptor that is the Coronavirus epidemic, the Assistant Minister for Superannuation, Financial Services and Financial Technology, Senator Jane Hume outlined […]

8 April, 2020

ATO Coronavirus Concessions And Advice For SMSFs

[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] In line with various concessions provided to businesses to soften the blow of the COVID-19 pandemic, the ATO has now released the following […]

17 March, 2020

SMSF Annual Returns: Avoid The Top 5 Mistakes

[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] For anyone with a self-managed super fund (SMSF) at 30 June 2019 or has wound up an SMSF during the last financial year, […]

11 March, 2020

SMSF Investment Strategy: Diversification Requirements

[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] The ATO has released further guidance on investment strategy requirements for trustees of self-managed superannuation funds (SMSFs). The guidance comes on the heels […]

18 December, 2019

SMSF Sole Purpose Test And Fractional Investments

[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] To be eligible for superannuation fund tax concessions, SMSFs are required to be maintained for the sole purpose of providing retirement benefits to […]

11 December, 2019

Super Guarantee Opt-Out For High Income Earners

[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] Under the superannuation guarantee framework, employers are required to contribute a minimum percentage (currently 9.5%) of their employee’s ordinary time earnings into superannuation. […]

29 September, 2019

Downsizer Super Contributions: Getting It Right

[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] Under the “downsizer” contribution scheme, individuals aged 65 years and over who sell their home may contribute sale proceeds of up to $300,000 […]

4 September, 2019

ATO To Check On Investment Strategy Compliance

[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] Over 17,000 SMSFs that are heavily invested in one asset class will soon receive a “please explain” from the ATO to check whether […]

16 August, 2019

Super And Bankruptcy: Can Creditors Access My Benefits?

[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] Superannuation is an effective investment structure for asset protection, but a questionable contribution could put some of your benefits at risk in the […]