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Weekly Technical Video Series

 Learn how to tackle tricky super enquiries and help your clients.

Our weekly technical videos are created for accountants to assist their clients with self-managed super matters

The information we share here is NOT available to the general public.


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Video 40

In this video:

01:24 [SMSF Members are leaving Australia – What do we do?]

The consequences of becoming a non-resident SMSF are extremely severe. First, you pay 47% on the accumulated concessional component in the fund upon becoming non-resident. Then, you pay another 15% when you become a resident fund. Whilst you are non-resident you still pay 47% tax on your fund earnings and as you are still a regulated fund you still need to comply with the requirements of the SIS Act. Worse still, the ATO has no discretion to state that you are not a non-resident fund.

In this scenario, Peter will offer up his ONLY solution that he offers his clients that state they are leaving to go overseas.

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