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DIY Super For Dummies, 3rd Australian Edition
book

DIY Super For Dummies, 3rd Australian Edition

by Trish Power
March 2015
Beginner content levelBeginner
376 pages
10h 10m
English
For Dummies
Content preview from DIY Super For Dummies, 3rd Australian Edition

Chapter 26

Ten Commandments of DIY Super

In This Chapter

arrow Remembering you’re the boss, and responsible

arrow Meeting the sole purpose test

arrow Following your fund’s trust deed and the super rules

arrow Drafting your fund’s investment strategy

arrow Ensuring you don’t contravene super’s special investment rules

arrow Lodging completed tax and compliance returns on time

W hen becoming a SMSF trustee, you must sign a SMSF trustee declaration stating that you’re responsible for ensuring your super fund complies with the super laws. If you became a SMSF trustee before July 2007, you don’t have to sign a trustee declaration, but you must comply with the same super rules as the newer trustees. Doing your job as SMSF trustee is all about steering your fund’s super CART — that is, looking after your fund’s Compliance, Administration, Reporting and Tax management responsibilities.

For the past decade, when presenting ...

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Publisher Resources

ISBN: 9780730315353Purchase book