SMSF Australia Blog Articles
What is an SMSF Release Authority?
The ATO authorise a SMSF to release a member’s super balance early to pay for such things as: excess concessional contributions (ECC) excess non concessional contributions (ENCC) division 293 tax
I needed cash and took it out of my SMSF can I say it was a loan?
The Australian Taxation Office (ATO) are concerned about increased activity of illegal early access superannuation benefits from a self-managed super fund (SMSF) being disguised as a loan to a member.
Understanding Withdrawals from Your Self-Managed Super Fund (SMSF)
Super benefits can be withdrawn and removed from the superannuation environment as a superannuation lump sum payment or as pension payments. The SMSF trustee can provide an income stream or
Can I Take a Lump Sum out of my SMSF?
Yes, once you meet a condition of release. Learn how SMSF lump sum withdrawals work, including pension commutations and in-specie payments
SMSF Trustee Death or Incapacitation
While not a pleasant topic to discuss, it’s crucial for trustees to understand and prepare for what will happen with a SMSF Trustee Death or incapacitation.