Technical Hub

SMSF general

Looking for information on the basics of running an SMSF? This section contains information that is vital to understand before implementing complex strategies and contains useful links to legislation and the ATO relevant to SMSFs.

Feature video: Certainty on pensions

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Fast Facts 20 Mar 2017
This handy guide presents the key facts and figures that are useful for someone dealing with SMSFs. No need to look it up on the internet, our facts and figures guide has it all in one place. The guid...
Preservation components vs tax components when paying benefits 12 Jul 2016
When it comes to superannuation interests the trustee must keep track of two key components which can cause some confusion, especially when it comes to paying benefits.
How to obtain specific SMSF guidance from the ATO 01 Sep 2015
A trustee can apply for guidance from the Australian Tax Office when there is uncertainty about how the law applies to a SMSF in relation to a specific circumstance. This article discusses how obtaini...
Account-based pensions 15 Oct 2014
The ‘Simpler Super’ reforms of 2007 introduced a new type of pension called an ‘account-based pension’ as the primary pension product offered through superannuation. An account-based pension is a regu...
Conditions of release: how to access you superannuation 15 Oct 2014
Primarily, superannuation savings need to be maintained for the sole purpose of providing retirement benefits. Subsequently, access to superannuation is restricted through the use of conditions of rel...
Minimum pension standards 15 Oct 2014
Each year that an SMSF is paying an account-based pension the minimum pension standards must be met, in form and effect, to meet the rules of being a pension, and for income to be claimed as exempt cu...
Overview of defined benefit pensions 15 Oct 2014
Some SMSF members may hold what is known as a defined benefit pension in their SMSF. These life expectancy, lifetime and flexi pensions will be legacy pensions as members can no longer commence a new ...
Superannuation interests and calculating tax components 15 Oct 2014
Each superannuation interest is made up of a tax-free component and a taxable component, each of which can also be broken down into two further components. These components are not always constant and...
Understanding superannuation interests 15 Oct 2014
Understanding superannuation interests and their tax components is important. The tax-free and taxable components of an interest can change over time. This article discusses what a superannuation inte...
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