Adviser Portal Dashboard and Notifications Update 2020

Based on feedback from our users, we’ve made some adjustments to the Dashboard and Email Notifications for the Intello Adviser Portal. The new dashboard and notifications will be live from 1 July 2020. Adviser Portal Dashboard The key change we’ve made is to categorise the outstanding Tasks into two key areas: Outstanding Annual Accounts Tasks […]

Contribution and work test change for SMSF members aged 65 to 67

Recent changes to the rules around superannuation contributions including a work test change for people aged 65 and 66 have been made and come into effect from 1 July 2020.  The changes enable people aged over 65 years, but under 67 years old to make voluntary concessional and non-concessional contributions to superannuation without the need […]

Code of Conduct for Commercial Tenancies including SMSFs

The National Cabinet has agreed to a mandatory code of conduct for commercial tenancies. The code will be guided by a set of principles, developed and legislated by State and Territory governments and apply to commercial landlords including SMSFs. Tenants who participate in the federal government’s JobKeeper assistance and have a turnover of less than […]

Upcoming SMSF Lodgement Dates 2020

There are a number of important SMSF lodgement dates 2020 that are upcoming across April, May and June 2020.  It’s also possible that the ATO may allow a lodgement extension for 2019 SMSF annual returns to assist tax practitioner businesses impacted by COVID-19.

SMSF Rent Relief for Related Party Tenants

The ATO has announced it will not be taking compliance action for the 2020 and 2021 financial years where an SMSF provide rent relief to a related party business leasing commercial property from the fund. So if your business has a lease agreement with your SMSF for it’s premises / property being forced to pay […]

FAQs SMSF Minimum Pension Reduction 2020-21

What is my new minimum pension for 2020? Can I put amounts in excess of the reduced minimum pension back into my SMSF? Can I treat payments above the reduced minimum pension amount as lump sums?  There are many questions about the SMSF minimum pension reduction 2020-21 and this article answers most of the common […]

$10,000 Coronavirus Superannuation Payment

Those suffering hardship due to the Coronavirus pandemic will be able to access a $10,000 Coronavirus superannuation payment this financial year 2020, and another $10,000 next financial year after 1 July 2020. The payments are expected to be available from 20 April 2020 and will be able to be applied for online via myGov or […]

SMSF Minimum Pension 2020 Drawdown Relief

The Government has reduced the required SMSF minimum pension 2020 draw-down rates for all superannuation pensioners including SMSFs for the current financial year 2019-20 and the next financial year 2020-21. Draw-down rates for account based pensions are normally 4% per annum for people under 65 an increase as pension recipients age. These rates have been […]

Superannuation Changes That Impact You

Did you get a letter recently from your super fund about protecting your super? In February 2019, changes proposed in the 2018 budget became law, and if action isn’t taken then inactive superannuation accounts could lose their insurance. The changes are due to commence from 1 July 2019, however there are steps you may need […]

We need your feedback! Be part of the research on SMSF Adviser Service Providers

As an adviser operating within the SMSF sector, the feedback you provide on the support you receive from your service providers (like Intello!) is invaluable. Global market research consultancy CoreData invites you to participate in their SMSF Adviser Service Provider Research 2018. Take a look at the instructions below to see how you can provide your feedback. […]