June action list for SMSF trustees

Key Points New penalty rules help but make sure you stay under the contributions caps Double-check timing of late June pension payments If you’re starting a pension, submit a notice of intent to claim tax deduction first Financial year-end is almost upon us and, if you’re an SMSF trustee, there are things you need to do before then. An important point to note this year is that 30 June falls on a Monday. If you need to do some last minute payments, depending on your bank, you might only have until Thursday 26 June to act. Now for the...

Financial year-end is almost upon us and, if you’re an SMSF trustee, there are things you need to do before then. An important point to note this year is that 30 June falls on a Monday. If you need to do some last minute payments, depending on your bank, you might only have until Thursday 26 June to act.

Now for the SMSF trustee year-end action list.

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