{"id":1032,"date":"2017-05-01T05:47:39","date_gmt":"2017-05-01T05:47:39","guid":{"rendered":"http:\/\/actinvest.com.au\/?p=1032"},"modified":"2017-05-01T05:47:40","modified_gmt":"2017-05-01T05:47:40","slug":"ato-set-to-release-guidance-targeted-for-smsf-clients","status":"publish","type":"post","link":"https:\/\/actinvest.com.au\/index.php\/ato-set-to-release-guidance-targeted-for-smsf-clients\/","title":{"rendered":"ATO set to release guidance targeted for SMSF clients"},"content":{"rendered":"<p><strong><em>In the coming weeks, the ATO will be distributing letters and guidance notes designed to help practitioners explain issues relating to the superannuation reforms to clients, says a technical expert.<\/em><\/strong><\/p>\n<p style=\"text-align:center\"><img loading=\"lazy\" alt=\"\" height=\"250\" src=\"http:\/\/www.plannerweb.com.au\/images\/guidance-targets.jpg\" width=\"375\" \/><\/p>\n<p>\u00a0<\/p>\n<p><span class=\"st_facebook\">&nbsp;<\/span> <span class=\"st_twitter\">&nbsp;<\/span> <span class=\"st_linkedin\">&nbsp;<\/span><br \/>\n \u00a0 \u00a0<\/p>\n<p>\u00a0<\/p>\n<p>The ATO will be releasing communications from May onwards. These communications include member targeted letters and guidance notes that practitioners can use to help explain issues to clients, Australian Executor Trustees senior technical services manager Julie Steed told SMSF Adviser.<\/p>\n<p>The detailed guidance will cover topics including dealing with the transfer balance cap, death benefits and the transitional CGT relief.<\/p>\n<p>Ms Steed said the guidance will also cover topics such as payment splits with the new total super balance, changes to the personal super contributions and the spouse offset.<\/p>\n<p>\u201cThe ATO has indicated that they\u2019re designed to help practitioners in discussions with their clients and they\u2019re in as plain English as you can make,\u201d she said.<\/p>\n<p>\u201cI actually think the ATO have done a really good job in terms of the communications they\u2019re preparing and if you consider about how long it used to take to get anything of a technical nature out of the ATO, it used to take years.\u201d<\/p>\n<p>In terms of the guidance produced for SMSF practitioners, all the law companion guides have been practical and helpful and have been produced in a fairly timely manner, Ms Steed said.<\/p>\n<p>\u201cThe trade-up for that is that there have been a couple of small technical errors but as soon as they were identified and sent back to the ATO, they were fixed immediately.\u201d<\/p>\n<p>\u00a0<\/p>\n<p>MIRANDA BROWNLEE<br \/>\nWednesday, 26 April 2017<br \/>\nsmsfadviser.com<\/p>\n","protected":false},"excerpt":{"rendered":"<p><strong><em>In the coming weeks, the ATO will be distributing letters and guidance notes designed to help practitioners explain issues relating to the superannuation reforms to clients, says a technical expert.<\/em><\/strong><\/p>\n","protected":false},"author":1,"featured_media":1033,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/actinvest.com.au\/index.php\/wp-json\/wp\/v2\/posts\/1032"}],"collection":[{"href":"https:\/\/actinvest.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/actinvest.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/actinvest.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/actinvest.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=1032"}],"version-history":[{"count":1,"href":"https:\/\/actinvest.com.au\/index.php\/wp-json\/wp\/v2\/posts\/1032\/revisions"}],"predecessor-version":[{"id":1034,"href":"https:\/\/actinvest.com.au\/index.php\/wp-json\/wp\/v2\/posts\/1032\/revisions\/1034"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/actinvest.com.au\/index.php\/wp-json\/wp\/v2\/media\/1033"}],"wp:attachment":[{"href":"https:\/\/actinvest.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=1032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/actinvest.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=1032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/actinvest.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=1032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}