Be aware of SMSF schemes

News Tax & Compliance Sanctions & Fines

Date: 16th Apr, 2025 Source: Australian Taxation Office (ATO) Country: Australia Original Source

Brief

"On 16/04/2025", the "Australian Taxation Office (ATO)" issued an update regarding "Be aware of SMSF schemes". The ATO warns individuals against targeted promotion for creating SMSFs for illegal reasons, promising high returns or early access to super. These schemes can result in severe penalties if identified as unlawful tax and super schemes.

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Australian Taxation Office (ATO)

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Be aware of SMSF schemes

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Be aware of SMSF schemes

Brief

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