Tax with Max: Keeping up with paperwork in account-based pensions

Appointing a corporate trustee for your SMSF may be necessary.

Summary: This article provides answers to questions about why family SMSFs should consider a corporate trustee; how best two manage two pension funds without drowning in paperwork; how for SMSFs to invest directly in shares and when to use SAMs; why cloud computing is a boon to accountants and their clients and the tax deductibility of SMSF expenses.

Key take-out: The requirements for family SMSFs can change when minors turn 18 and best ways to simplify multiple pension accounts.

Key beneficiaries: SMSF trustees and superannuation accountholders. Category: Superannuation

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