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Notes Online Home 2014 Super Schools Day 1 What's new for SMSFs
In this chapter of the notes we discuss the latest changes related to SMSFs. In particular, the following:
- Changes and developments affecting the 2014 SMSF annual return
- Developments affecting limited recourse borrowing arrangements for SMSFs
- New SuperStream contribution standards apply to SMSFs from 1 July 2014!
- Superannuation contributions by way of electronic funds transfer
- New ATO guidelines confirm contribution traps for related party services
- New rules for SMSFs that claim multiple franking credits under ‘dividend washing’
- New penalty regime for SMSF trustees
- Government imposes NEW restrictions for SMSFs paying insured benefits
- New ATO Ruling clarifies when a bank account can be a segregated asset
- New ATO guidelines for apportioning expenses for SMSFs in pension phase
- Recent decision affects SMSFs acquiring residential premises from related parties