Monthly Archives: March 2015

SMSF yield chase has pitfalls

SMSFs chasing income and imputation credits through high-yielding equities on the Australian Securities Exchange need to be mindful of being caught in a dividend trap and being exposed to concentration risk within their portfolios, according to the head of a boutique local fund manager.

New rules on excess non-concessional contributions

SMSF members had a win recently due to changes to the tax treatment of non-concessional contributions that exceeded the relevant contribution cap.  This means that people who breach the cap will no longer face draconian tax penalties of up to 93% – however there is still some complexity you need to be aware of.