Cooper Grace Ward has been recognised as a finalist in the inaugural Australian Wealth Management Awards in the category SMSF Documentation Provider of the Year.
In this edition of ‘It depends’, senior associate Keeghan Silcock talks about trust cloning and how it can be used.
In this edition of ‘It depends’, associate Sacha Robinson talks about when you should update your discretionary trust deed.
Cooper Grace Ward private clients partner, Scott Hay-Bartlem, has been reappointed as Chair of the SMSF Association for another two-year term.
In this edition of ‘It depends’, lawyer Nathan Rutherford talks about whether you need to update your superannuation trust deed.
In this edition of ‘It depends’, partner Scott Hay-Bartlem talks about whether you might be affected by the latest changes to superannuation.
In this edition of ‘It depends’, senior associate Keeghan Silcock talks about whether your self-managed super fund can lend money.
Join us for a coffee chat with private clients partners Clinton Jackson and Scott Hay-Bartlem as we delve into Clinton’s background, explore his life outside work, and discuss what gets him excited about his work in this candid conversation.
In this edition of ‘It depends’, senior associate Keeghan Silcock talks about whether you can use a nominee shareholder to hold shares in a private company on your behalf.
In the 2017 Budget, the government announced that the concept of ‘non-arm’s length income’ (NALI) for SMSFs was to expand to specifically include where an SMSF expense was not incurred, or less than would have been incurred had the parties been dealing on an arm’s length basis (NALE) – see for further information:
Section 65 of the Superannuation Industry (Supervision) Act 1993 (SIS Act) prohibits the trustee of an SMSF making a loan to a member or a relative, or providing other financial assistance using the resources of the SMSF. Section 62 contains the sole purpose test and requires the SMSF to be maintained for particular purposes.
Income that is NALI is taxed to the SMSF at the top marginal tax rate rather than the usual concessional rates, so having additional amounts deemed to be NALI can result in a significant increase in tax for an SMSF.