SMSF Trustee Education
The ATO has released a new service, called SMSF assist, to provide information about SMSFs to trustees.
SMSF Assist Topics:
- thinking about self-managed super
- setting up an SMSF
- administration and reporting
- benefit payments
- wind ups
The ATO has published two new videos aimed at SMSF trustees, this time covering the differences between individual and corporate trustees for SMSFs, and the SMSF trustee declaration.
SMSF – individual or corporate trustees
“Deciding on the type of SMSF trustee is important. This video will help explain the difference between individual trustees and corporate trustees?”
- Self-managed super funds for trustees – an overview
- Self-managed super funds – accepting contributions and managing investments
- Self-managed super funds – accessing your super
The ATO has published two new videos aimed at educating SMSF trustees. Given the ATOs goal of providing “new online tools and resources for SMSF trustees and auditors” contained in the recently published ATO Corporate Plan we can expect to see more of these videos, and other similar projects, to explain the super rules to trustees.
SMSF investment strategy
This video is aimed at explaining the requirements of a SIS-compliant SMSF investment strategy to SMSF trustees:
“Your SMSF’s investment strategy is the framework that guides your investment decisions. It pays to have a good investment strategy that is regularly reviewed. Watch this video to learn what factors your SMSF’s investment strategy needs to take into account.”