Why do you need a Declaration of Trust? SIS regulation 4.09A requires the trustees of a SMSF to keep the assets and money of the superannuation fund seperate from any assets or money held by the trustees personally. In NAT 2005/37 ATO media release, warns that all assets of a self managed superannuation fund must…

The ATO is focusing on exempt current pension income as more superannuation funds are moving towards pension phase. In ATO ID 2012/47 attention has been drawn to the fact that many superannuation funds may be under claiming the level of tax deductions they may be entitled to. Further background TR 93/17 deals with income tax…