Be earnest with franking

Article Abstract:

Self-managed Superannuation Funds (SMSFs) receiving franked dividend must include an extra amount, called the imputation credit, in its assessable income. If self-managed superannuation funds is to be entitled to use tax credits it needs to satisfy the franking credit trading rules as the small shareholder exemption available to individuals who receive franking credits that do not exceed 5000 dollars does not apply to superannuation funds including SMSFs.

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Splitting headaches

Article Abstract:

The issue of dividing super fund contributions between spouses under Australian government's new proposal is examined.

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When DIY loses its shine

Article Abstract:

The drawbacks of self-managed superannuation fund are discussed and measures to overcome these problems are suggested.

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