Technical Knowledge Base

SMSF Technical and Legal Articles for Advisers

Kris Kitto avatar Intello Robot avatar Christina Wolfsbauer avatar
53 articles in this collection
Written by Kris Kitto, Intello Robot, and Christina Wolfsbauer
Pensions

Superannuation conditions of release

A condition of release must be met prior to withdrawing superannuation benefit. Conditions of release: Retirement, turning age 65 and more.
Kris Kitto avatar
Written by Kris Kitto
Updated over a week ago

Treasury Laws Amendment (2019 Measures No. 3) Bill 2019 - Market Linked Pension Commutations Transfer Balance Debit

Debit applies to members transfer balance account on commutation of market linked or complying life expectancy pension.
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Written by Kris Kitto
Updated over a week ago

FAQs SMSF Minimum Pension Reduction 2020-21

Can I put excess pension amounts above the minimum pension back into my SMSF? Can I treat payments above the minimum amount as lump sums?
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Written by Intello Robot
Updated over a week ago

Must a prorated minimum still be paid if the pension is commuted on July 1?

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Written by Kris Kitto
Updated over a week ago

Do you need to commute when moving a pension from one fund to the other?

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Written by Kris Kitto
Updated over a week ago

Can an SMSF pay a pension in specie?

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Written by Kris Kitto
Updated over a week ago

What happens if TRIS payments exceed the maximum annual limit?

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Written by Kris Kitto
Updated over a week ago

30 June 2017 Transfer Balance Cap Pension Commutations: PCG 2017/5

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Written by Kris Kitto
Updated over a week ago

Will a single pension payment satisfy the definition of an income stream?

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Written by Kris Kitto
Updated over a week ago

Paying a temporary incapacity benefit from an SMSF

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Written by Kris Kitto
Updated over a week ago

Pension payment treated as a lump sum for tax purposes

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Written by Kris Kitto
Updated over a week ago
ATO Regulatory and Technical

ATO SMSF LRBA Safeharbour Interest Rates

Safe harbour limited recourse borrowing interest rates for 2019, 2020, 2021. Interest rates for related party SMSF LRBA borrowings.
Kris Kitto avatar
Written by Kris Kitto
Updated over a week ago

Intermediary LRBA - SPR2020/1

SPR 2020/1 - Intermediary Limited Recourse Borrowing Arrangement Determination 2020 - provides guidance on intermediary LRBAs.
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Written by Kris Kitto
Updated over a week ago

SMSFD 2011/1 Benefit payable by cheque or promissory note

SMSF: Under SIS Regs, is a benefit paid using a cheque or promissory note "cashed" at the time the cheque/note is received by the member?
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Written by Intello Robot
Updated over a week ago

ATO Administrative Penalties for SMSFs

SMSF trustees are personally liable to pay an administrative penalty from if they contravene the following provisions of the SIS Act 1993.
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Written by Kris Kitto
Updated over a week ago

SMSF Reportable Contraventions List

List of auditor reportable contraventions for SMSF audits. Auditors must report these contraventions to the ATO. SIS Act and Regulations.
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Written by Kris Kitto
Updated over a week ago

Approved Stock Exchange List

List of Approved Stock Exchanges Schedule 5 of Income Tax Assessment Regulations 1997. SMSF acquire listed security s66(2)(a) SIS Act.
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Written by Kris Kitto
Updated over a week ago

FATCA - Foreign Account Tax Compliance Act for SMSFs

Does an SMSF need to complete a FATCA self-certification? How is this done for an SMSF? Completing FATCA / CRS certification for an SMSF.
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Written by Kris Kitto
Updated over a week ago

Is the ATO ok with electronic signatures?

The ATO is comfortable & accepts electronic signatures for SMSFs for client declarations, tax returns & SMSF financial statements & minutes.
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Written by Kris Kitto
Updated over a week ago

Varying PAYG Instalments for an SMSF

Where an SMSFs estimated income for the financial year is reduced, the amount of PAYG instalments paid each quarter can be reduced.
Intello Robot avatar
Written by Intello Robot
Updated over a week ago

ATO SMS text messages and emails for changes made to SMSF information

From February 2020 the ATO will send text messages & emails where SMSF details change. These are legitimate messages and not scams.
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Written by Kris Kitto
Updated over a week ago

GST Registration for SMSFs

Should your SMSF register for GST? Yes - in most cases it is beneficial to register for GST on an annual voluntary basis to claim RITC.
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Written by Intello Robot
Updated over a week ago

Obtain an ATO Letter of Compliance for an SMSF

You can obtain an ATO letter or notice and check the compliance of an SMSF via Super Fund Lookup.
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Written by Intello Robot
Updated over a week ago

Configure SuperStream Superannuation Payments for an SMSF in Xero

Follow these instruction in Xero to add SuperStream details for an SMSF member
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Written by Intello Robot
Updated over a week ago

ATO Statistical Update 2013-14

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Written by Kris Kitto
Updated over a week ago

Register new AUSkey users (Standard or Administrator)

Follow these instructions to issue a new AUSkey to a user to enable them to access the Tax Agent Portal
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Written by Intello Robot
Updated over a week ago