Westpac hit with $10.5m penalty for super rollover advice
Tony Zhang
The Federal Court has handed down a penalty of $10.5 million to Westpac for a campaign that encouraged members to roll over their external s
The Federal Court has handed down a penalty of $10.5 million to Westpac for a campaign that encouraged members to roll over their external s
The use of reversionary pensions in death benefits may not be as attractive as it used to be, with the strategy needing to evolve from a “
The ATO has released guidance on the impact of financial advice compensation on super contribution caps and its associated compliance requir
The ATO has recently released draft guidance on interactions between the non-arm’s length income provisions and the rules concerning super
The ATO has flagged new administrative arrangements for individuals wanting to recontribute amounts they withdrew under the COVID-19 early r
The ATO is finalising the recontribution of COVID-19 early release amounts approved form, with the aim to have it available for super funds
SMSFs utilising withdrawal and recontribution strategies will need to consider arising issues that can affect their implementation and impac
The ATO has recently resolved an issue affecting the assessment of funds receiving additional tax on concessional contributions.
SMSFs will need to go through various hurdles when presenting evidence to the auditor to satisfy downsizer contributions, according to a law
Changes in excess contribution processes will require careful assessment of various scenarios which can greatly impact the SMSF’s contribu
Superannuation contribution changes announced in the federal budget will likely lead to a major change in bring-forward arrangement strategi
The new changes in the transfer balance cap from 1 July will have an impact on segregation for pension assets, which can lead to different s
With the new financial year seeing increases to contributions caps, the changes will affect different opportunities in the TTR strategy for
With the ATO recently releasing the new personal transfer balance cap available to access for funds, the reliance on this information can cr
The removal of the excess concessional contributions charge starting this new financial year can create potential tax opportunities for SMSF
SMSFs can take advantage of the changes in minimum pension drawdowns to manage different opportunities arising from the timing of pension an
With the new financial year seeing changes to various superannuation caps and thresholds, SMSFs should review new strategic opportunities fo
Approaching the end of the financial year, SMSFs with members reaching age of 65 can consider reviewing TRIS strategies to take advantage an
With the recent bring-forward measures passed along with further extension proposed in the federal budget, its combination with potential do
With the general transfer balance cap set to be indexed on 1 July 2021, SMSFs will be able to view their new personal transfer balance cap o
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