Monthly Archives: October 2016

Average costs of an SMSF Administrator-SMSF Admin-Self Managed Super Fund Admin-SMSF Specialist-how to setup an SMSF

What are the average costs of running an SMSF?

The perceived high costs involved with running your own fund can sometimes be the determinant factor for many people, especially when considering if having an SMSF is right for them. In addition to this, the first question I get asked from prospective clients is “what are your fees?”. It’s a legitimate question and is usually the catalyst for trustees to change administration providers,

ATO issues further guidance on Related Party borrowing LRBAs

ATO issues further guidance on related party borrowing (LRBAs)

On issuance of the Practical Guidance in June this year for related party borrowings, the ATO acknowledged that further information was needed.

Recently, the ATO released Tax Determination 2016/16 which dealt with the subject of when a limited recourse borrowing arrangement has not been entered into on arm’s length terms.