One of the key concepts with having an SMSF, is that as trustee you must preserve the assets of the SMSF for your retirement.  With that in mind, the ATO is exceptionally clear that as trustee you must not treat the assets or income of the SMSF as your own – it’s not,

The end of the financial year is the perfect time to give your SMSF some love.  The following are our top 10 pre-30 June items we believe every SMSF trustee should look at.

1. Take your minimum pension!
2.  Maximise contributions
3. Superstream
4. Review your SMSF investments
5. Pay any outstanding taxes or fees
6. Property
7. Collectibles
8. Valuations for EVERYTHING
9. Update your SMSF trust deed
10. Is it time for an SMSF trustee company?

Chloe Ward chats about the budget, non-concessional contribution caps and wraps up the month as we all prepare for the election that is just around the corner.