The Australian Taxation Office (ATO) has extended to 30 June 22 the following administrative concessions for self-managed superannuation funds (SMSF) impacted by COVID-19 that were offered for the 2019-20 and 2020-21 financial years.
Is an SMSF right for you?
As anyone who has joined the weekend crowd at Bunnings knows, Australians love DIY. And that same can-do spirit helps explain why 1.1 million Aussies choose to take control of their retirement savings with a self-managed superannuation fund (SMSF).
Keeping on the right side of SMSF rules
The lure of greater control over your retirement savings with a Self Managed Superannuation Fund (SMSF) may be enticing but the freedom to chart your own destiny also comes with the responsibility to comply with the rules.