Google Chrome and Microsoft Edge are in the process of rolling out a version update which is impacting some nabtrade functionality, including buy/sell buttons and certain page loads. If you are a Chrome or Edge user and are experiencing these problems, please visit the following FAQ to review the steps that need to be taken to prevent this issue from occurring.
If you want to invest more money in your SMSF, it's important to understand how you can contribute, the types of contributions and the caps that apply, who can contribute and implications if you have not provided a valid tax file number.
Contributions can be made into an SMSF in two ways:
Capital gains tax may be payable when you make 'in-specie' contributions, as the transfer is usually considered a disposal by you for tax purposes. Other costs may also be incurred, such as stamp duty.
There are three types of contributions that can be made into super. These are 'non-concessional' contributions, 'concessional' contributions and 'CGT-exempt' contributions. All three types of contributions can be made with cash or via an 'in-specie' asset transfer, subject to certain acquisition rules. There is also a cap on how much of each of these contributions you can make each year and penalties may apply if you exceed these caps.