News & Media

Read the latest news and SMSF strategies online with Aquila Super.

FAQ: Early Access to Superannuation – Australian Government’s Economic Response to the Coronavirus

News & Media

The Government is allowing individuals affected by the Coronavirus to access up to $10,000 of their superannuation in 2019-20 and a further $10,000 in 2020-21.

Business Real Property Fit-outs ~ where to draw the line

News & Media

A strategy which is widely employed by self managed super funds is for the fund to acquire business real property and to then lease it back to a related party business.

Auditor insights: Market Valuations within SMSFs

News & Media

To some degree there have always been scenarios where SMSF trustees have been forced to present their annual accounts using a market valuation for all assets.

FAQ: What is Safe Harbour for Self Managed Super Funds and how does it affect me?

News & Media

The Safe Harbour provisions as announced by the ATO in Practical Guidance Statement 2016/5 (PCG 2016/5) concern related-party limited recourse borrowing arrangements (LRBAs).

The Rise of the Semi-Related Investment Trust

News & Media

Whilst reviewing several thousand SMSFs ever year it is common for our auditing team to see trends in both investments and superannuation strategies.

FAQ: My wife and I share a SMSF with our Australian resident children. We plan to move overseas indefinitely. Can we still be members of our SMSF?

News & Media

It is possible to remain a member of your SMSF, however there are certain requirements that would need to be met in order to meet the superannuation rules.

A twist to the LRBA tale

News & Media

When is a borrowing not a borrowing? According to SMSFR 2009/2 the answer is when it is merely a “financial accommodation”.

FAQ: Does it matter if I make my pension reversionary to someone else or should I leave it as non-reversionary?

News & Media

The question of whether to make a pension reversionary was easy to answer a few years ago as there were substantial tax advantages to such an arrangement.

FAQ: I am 45 and have just lost my job. Can I access my super to see me through until I find another job?

News & Media

It is common for people to start looking at their superannuation balances when under financial stress, however, although it is your personal superannuation account, it is generally difficult to withdraw any benefits until retirement.