atrk
logo mobile
Training Blog
aamc training blog

AAMC Training Group

AAMC offers you solutions based training and consulting options. Many Banks, Finance Brokers, Financial Planners, Dealer Groups, Accountants, Real Estate Agents and Insurance Brokers entrust AAMC to train their people with courses available for the whole of the financial services industry. Our consulting services are also popular for those wanting advice on how to improve their business and meet the ever changing regulatory environment. Contact AAMC Training Group today to discuss your current and future needs.

Self Managed Super funds donations to charities and may be breaching release rules

By: admin|

Trustees of self managed super funds who donate to charitiesfrom their Self Managed Super funds may be breaching a condition of release and placing themselves in a position whereby they face a fine of up to $220,000 and or the fund be made non compliant and the fund’s assets taxed at the top marginal tax rate.

An individual can make a donation to a charity, whilst Self Managed Super funds are not allowed to unless they meet a special condition of release, such as retirement.

It is most important the trustees of the self managed super funds are fully aware of the roles and responsibilities otherwise the outcomes will become a very expenses learning exercise.


No comments. Be the first.

Leave a comment




Newsletter Signup
ARCHIVES
CATEGORIES
close

Subscribe to our Newsletter

* Mandatory Entry
First Name*
Last Name*
Phone*
Address*
Suburb*
Post Code*
State*
Country*