• BlueKite Capital

Is your Self-Managed Super Fund ready for the 2017 Financial Year Deadline?

Updated: Mar 13

With the extended deadline of 2nd July 2018 rapidly approaching, it is important as a Trustee of your SMSF to ensure that your SMSF has its tax return done correctly and on time.

Apart from the usual issues such as:

  • Calculating taxable income and what expenses are deductible for your SMSF

  • Reviewing your Trust Deed and Investment Strategy to suit your needs

  • Reviewing the eligibility of your members to be trustees

Some things to look out for in the 2017 Financial Year are:

  • The $1.6M Transfer Balance Cap

  • Resetting the Capital Gains Tax (CGT) Cost Base of your fund

  • Obtaining an actuarial certificate

  • Keeping track of contributions and tax deductions


Sound confusing? It can be! If you haven’t already done so, this is the time to engage quality tax advice and financial advice from SMSF specialist advisers to ensure that you are meeting your new and ongoing SMSF obligations.


At BlueKite Capital we have access to specialist tax advice through our SMSF service and Private Client Advisers who specialise in SMSF strategic advice. Together with your Accountant we can help you get your SMSF in order and help you better understand your obligations.


Please contact Venn Williams, CEO BlueKite Capital on 0416 251 140 or email v.williams@bluekitecapital.com.au to find out more.

General Advice Disclaimer

 

All of the material published on this web site is for information purposes only and does not constitute advice. This information is of a general nature only and has been provided without taking account of your objectives, financial situation or needs. Because of this, we recommend you consider, with or without the assistance of a Financial Adviser, whether the information is appropriate in light of your particular needs and circumstances.

 

© 2019 by BlueKite Capital (Holdings) Pty Ltd ABN 43 617 300 964

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