Cost of six members on par with second SMSF, says tech expert
Miranda Brownlee
For SMSFs considering six members in their fund, one technical expert has highlighted that running two SMSFs may be comparable in cost to ru
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SMSFs told to implement contingency plans for new members
SMSF trustees looking to add minority members to their fund should protect themselves by ensuring that any new members give their consent to
ATO sets ‘sharp focus’ on high-balance SMSFs
The ATO has stated that it will be focusing greater attention on high-value SMSFs and has also confirmed an important date for reporting acc
Excess transfer balances surfacing with defined benefit pensions
With some members with defined benefit pensions already receiving notices for excess transfer balances, practitioners have been urged to che
Government backs down on TSB measure for LRBAs
Draft legislation released by the government indicates that the amendment to include the outstanding balance of an LRBA as part of a memberâ
Class releases bulk reporting on TBAR console
SMSF software provider Class has added a new reporting feature to its TBAR console which allows users to automatically report events across
Government lobbied to include family home in assets test
The government should include the value of the family home within the assets test for the age pension above a particular threshold, a recent
SMSFs told to tread carefully with contribution reserves
While the ATO has suggested that the use of contribution reserves by SMSFs is acceptable, where a member is close to key thresholds, practit
Elder abuse risks flagged with increased member limit
Increasing the number of members in an SMSF may lead to greater disputes between members in a fund and may also raise the risk of members fa
Wealth platform launches new services with View Legal
A personal wealth platform has partnered with estate planning firm View Legal to enable users to generate standard wills with data populated
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In this month's issue:
- Time wrap
- The tech bull run
- From hobby to passion
- Golden Years
- An untimely reminder
- Why change is so difficult
- Key Strategies for equalising super