Your self-managed super fund (SMSF) needs to be set up correctly so that it's eligible for tax concessions, can receive contributions, and is as easy as possible to administer.
Small business owners who sell business assets may be eligible to contribute the proceeds into superannuation to help fund their retirement. To be eligible to use the CGT cap, you must first be eligible for a small business CGT tax concession.
A plan by the federal opposition to axe cash refunds for franking credits has met intense criticism, particularly among those with self-managed super funds.
