CALL US: (07) 3367 0999 | EMAIL US:

Reporting SMSF changes

Self-managed super fund trustees must notify the Australian Tax Office (ATO) if there are changes to their SMSF.

Trustees must provide written notice within 28 days if there are changes to:

The above details are used by the ATO to determine if your fund meets the definition of an SMSF.

Providing incomplete or inaccurate information may make it impossible for your fund to receive rollovers or contributions.

If any of these details change for your SMSF, contact our office to update your details.

Business
advice

taxation
planning

compliance
services

News

Transition to retirement

November 25, 2020

The transition to retirement (TTR) strategy allows you to access some of your super while you continue to work.

You are able to use the TTR strategy if you are aged 55 to 60. You can use it to supplement your income if you reduce your work hours or boost your super and save on tax while you keep working full time.

TTR can help ease your mind as you transition into retirement but it can be a bit complex. Before you choose whether you want to use TTR to reduce work hours or save on tax, or even if you want to use TTR altogether, you should figure out how this will impact all aspects of your finances.