Over the last few years the ATO has seen instances of SMSF trustees losing their crypto asset investments. Trustees thinking of investing in crypto need to be aware of the ways that crypto can be lost, including via scams and how they can avoid them.
The Government has introduced changes to the non-arm’s length income (NALI) provisions which apply to expenditure incurred by super funds.
Director or corporate trustee of an SMSF? Watch the ATO’s step-by-step video on how to apply for your director ID. The deadline is 30 November 2022.
For anyone considering an SMSF, it’s important to consider, among other things, what’s involved in setting up and running one—seeking qualified professional advice in this area can be a worthwhile consideration here.
From 1 July 2022, the eligible age to make a downsizer contribution to their superannuation fund has reduced from 65 to 60 years old.
The Government intends to make legislative changes to ensure the non-arm’s length expense provisions operate as envisaged.
ASIC have issued a new warning to SMSF trustees about outside parties promising large returns through crypto investments.
The ATO has raised its concerns about the increase in scams involving fake superannuation investments targeting SMSFs.
