Quantcast
Subscribe to our newsletter

 

 

Lawyer warns against deliberate excess contributions refunds

SMSF practitioners have been cautioned against the deliberate use of excess non-concessional contributions refunds as a way of reducing the taxable component of their clients’ super funds, as the practice could result in significant penalties.

Lawyer warns against deliberate excess contributions refunds
smsfadviser logo
  • Shared by SMSF Adviser
  • September 09, 2016
share this article

DBA Lawyers special counsel Rebecca James said that with the government’s proposed $500,000 non-concessional contributions cap ruling out any re-contribution and withdrawal strategies, SMSF practitioners may be tempted to engage with this potentially risky approach

Read the full story at SMSF Adviser.

Receive the latest Public Accountant news,
opinion and features direct to your inbox.

related articles