Attention Trustees of Self-Managed Super Funds (SMSF)
The ATO is now on YouTube and they have released two "fun", short and easy-to-watch videos about common SMSF issues!
Video 1: is on annual obligations
Video 2: is on the sole purpose test
We recommend SMSF clients watch these as they provide some basics of running an SMSF and may be a good refresher for you. You will no doubt have noted the press articles on trustee obligations and ATO vigilance – so ongoing education in this area is important.
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This Newsletter, of necessity, has dealt with matters of a technical nature in general terms only. Clients should contact us for detailed information on any of the items in the Newsletter. No responsibility for loss occasioned to any person acting or refraining from acting in reliance upon any material in this Newsletter can be accepted by any member or employee of the firm.