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These notes are intended to be a guide only. None of the comments contained in these seminar notes are intended to be advice, whether legal, financial or professional. You should not act solely on the basis of the information contained in these notes because many aspects of the material have been generalised and the tax laws apply differently to different people in different circumstances. Further, as tax and related laws change frequently, there may have been changes to the law since the notes were written. Specific advice should always be obtained from a tax professional.

Document Type

Publication

Pages

220

Published

November 17, 2023

Notes Online Home 2023 Super Schools Day 1

These seminar notes cover the following topics:

  • What’s new for SMSF’s and Super
  • Recent Developments Affecting the Super Contribution Rules
  • SMSF Danger Areas in the Current Economic Climate
  • Latest NTAA Practical Guide to Paying Benefits on Retirement
  • NTAA’s 2023 SMSF Audit Kit

Chapters and Articles in 2023 Super Schools Day 1

Increased TSB thresholds provide greater access to non-concessional contributions

Downsizer contribution measure extended to more individuals from 1 January 2023

Latest guide to the ‘work test’ and ‘deduction notice’ conditions for personal contributions

Increase in SG charge rate from 1 July 2023

The Government’s proposed ‘payday super’ measure from 1 July 2026

Potential dangers with property developments involving SMSFs

Common traps for SMSFs with related party LRBAs in the current economic climate

The dangers for SMSFs that provide rent relief to tenants in the current climate

ATO’s audit focus on the illegal early access of super benefits from an SMSF

ATO issues warning over asset protection schemes involving SMSFs

Proposed new 15% additional tax for super balances above $3 million

Latest ATO valuation guidelines for SMSFs

NEW relief for discounted accounting and other general services provided to SMSFs

Increased monetary penalties for SMSF breaches from 1 January 2023

Latest tax guide to compensation received for inappropriate advice and loss of super

Court ruling highlights the importance of a BDBN complying with an SMSFs rules

Recent court decision clarifies whether a death benefit could be paid to a carer

Major changes affecting retirement phase pensions from 1 July 2023