Deadline looms for SMSF borrowers

Trustees of self-managed superannuation funds who are thinking of using a limited recourse borrowing arrangement to fund the purchase of an asset for their fund have until July 1 to set up their LRBA without falling under new law that…

The ATO may be adding up your super balance wrongly

Even the Australian Taxation Office is having trouble coping with the complexity introduced into the superannuation system by policy changes over the past year. The ATO has reported that in certain circumstances its system is duplicating amounts in calculating an…

Q&A 12 March 2018

Q: I am thinking of using a limited recourse borrowing arrangement to fund an investment in property for my self-managed fund. I understand that the rules covering LRBAs are about to change, with the loan counted towards my total superannuation…

Tax change casts a shadow over SMSF borrowing

Members of self-managed superannuation funds will have their share of any limited recourse borrowing arrangement counted as part of their total superannuation balance, under changes proposed by the Government. The Treasury has issued a consultation paper, Superannuation Tax Integrity Measures,…