This paper looks at several things with respect to getting value into an SMSF. First, it looks at recent budget changes that will increase the amount of contributions that can be made to a SMSF. Secondly, it looks at ‘vanilla’ or traditional strategies currently used in practice to get value into a SMSF. Thirdly it discusses recent ATO ‘products’ (ATOIDs and Taxpayer Alerts) that relate to contributions. Finally, it looks at some issues around allocation from reserves in a SMSF and how they relate to contribution caps, assessable contributions in the SMSF and taxable component of a benefit payment.
Date of this Version
Gordon Mackenzie, "SMSF Tax Update" (September 2010). University of New South Wales Faculty of Law Research Series 2010. Working Paper 34.