While the ATO is watching for signs of illegal early access to superannuation, SMSF trustees should also be on the lookout for red flags, a leading adviser said.
The stability of limited recourse borrowing arrangements (LRBA) within SMSFs has been understated, with their track record highlighting their longevity and safety compared to other forms of property lending, a non-bank lender has stated.
A parent who was the sole carer for a terminally ill child is not considered to be in an interdependency relationship, according to a private binding ruling.
SMSF practitioners should view the pending Division 296 tax as rolling out in two stages, leading to two similar but different sets of rules in its first few years of operation, an SMSF sector specialist has noted.
Inflows to SMSFs have almost quadrupled over the past five years and experts warn this trend warrants monitoring as it may signal shifting member preferences toward greater control.