SMSF News and Strategies Podcast Show · Chris Reed: Certified Practicing Accountant (CPA), FPS and SMSF Specialist Advisor, Director of Business Concepts Group

SMSF NS124: The latest updates and planning for 2025

·19 min·2 clips

Loans to SMSF members now carry a $19,800 penalty per trustee, with 15% of all breaches coming from this violation.

Chris Reid and Sarah Powell provide end-of-year updates for self-managed super funds, covering the stalled $3 million super tax legislation, new ATO statistics showing SMSFs now hold over $1 trillion, increased penalty units for compliance breaches, and practical planning advice for 2025. They discuss contribution strategies, compliance reviews, and documentation updates for SMSF trustees.

As heard by us

Episode 124 closes 2024 with a clear SMSF compliance reminder on reporting dates, penalties, and recordkeeping.

Episode 124 closes 2024 with a straight-ahead SMSF compliance update. Chris Reid and Sarah Powell cover the December quarter reporting timeline, the shift into 2025, and the items trustees should have in place before the new year starts.

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Why you'd press play

Know the SMSF penalties that can cost $19,800 per trustee.

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