Written by: Mark Ellem Head of Education (SMSF)Accurium In the context of self-managed superannuation funds (SMSFs), the deductibility of expenses and their relationship to non-arm’s length income (NALI) is a critical issue. Section 8.1 of the Income Tax Assessment Act 1997 (ITAA 1997) establishes general deductibility rules, while Section 25.5...
Federal Budget Report 2025-26 Federal Budget Timeline Register for the Federal Budget webinar On Tuesday 25 March, Treasurer Jim Chalmers handed down the Federal Budget. Our partners at TaxBanter have prepared a detailed summary of the Government’s 2025-26 Federal Budget which is now available for download above. What changes are...
Written by: Mark Ellem Head of Education (SMSF)Accurium First published in selfmanagedsuper magazine. In the run up to 30 June 2024 whilst the focus was on end of financial year matters, the ATO released the final updated version of their pension ruling TR 2013/5: when a superannuation income stream commences...
Written by: Melanie DunnPrincipalAccurium First published in Class Benchmark Report 2024 Each year in the Class Benchmark Report – a report which utilisess Class data from over 180,000 SMSFs to uncover the key trends and insights shaping the SMSF industry – you will find expert insights from industry leaders and...
Written by: Anthony CullenSenior SMSF EducatorAccurium First published by selfmanagedsuper on 18 July 2024. At the time of writing, the Superannuation (Better Targeted Superannuation Concessions) Imposition Bill 2023 and Treasury Laws Amendment (Better Targeted Superannuation Concessions and Other Measures) Bill 2023 (combined to be colloquially known as Division 296) remain...
Written by: Mark Ellem Head of Education (SMSF)Accurium This article was first published in selfmanagedsuper magazine issue 45. Income protection insurance is often held outside of superannuation due to the fact that unlike life, total and permanent disability (TPD) and terminal illness insurance premiums, an individual can claim the premiums...
