First Home Super Saver scheme – ATO guidance
The ATO recently issued Law Companion Ruling LCR 2018/5 to provide guidance on the first home super saver (FHSS) scheme.
Excess super contributions tax upheld despite “special circumstances”
In a recent decision, the AAT has upheld the Commissioner's decision not to disregard or re-allocate a taxpayer's excess non-concessional contributions.
What happens when a member of an SMSF loses capacity?
Unfortunately, there are circumstances whereby a member of an SMSF may lose mental capacity, e.g., as a result of suffering a stroke, or acquiring a brain injury in a car accident.