Peter Johnson, current as of: 19 July 2018.
Twelve months on, many are still finding their feet with the new superannuation regime that brought lower contribution caps, lowered access to tax-free pension income, and took away the ability to segregate current pension assets within a fund.
Peter Johnson, SMSF Services Director at Acis, analyses SMSF changes from the 2017 and 2018 budgets, highlights the potential impacts for your clients, and provides strategies to cope with the changes.
The recent AAT decision in the case of Bendel and Commissioner of Taxation [2023] AATA 3074 is in stark contrast to the ATOs longstanding position that an unpaid present entitlement of a corporate beneficiary constitutes the ‘provision of financial accommodation’ by the company to the distributing trust. […]
Recent legislative and industry updates have introduced significant changes, including increased duty and extended vesting dates for trusts, broader electronic signing capabilities for companies, and additional guidance on the classification of discretionary trusts as foreign entities. […]
Peter Johnson highlights the complexities that arise from historical issues in SMSF trust deeds and provides practical strategies to address these challenges. […]