Monthly Archives: February 2020

Miscalculating or mistiming the payment to your super can be costly. This can be caused by your employer, your tax agent, your super accountant, or yourself due to the lack of information regarding contribution limits.   Contribution Limits The annual cap for concessional contributions is $25,000. The unused amount on your cap can...

People often ask if it’s possible to use the SMSF to buy or lease a plant, equipment, or vehicle for a business run by a member or someone related to them.    Technically, this is possible, but practically, it’s not advisable due to the numerous provisions you may violate in...