Common issue flagged with triggering benefits before death
Miranda Brownlee
SMSFs have been warned that simply signing a resolution to say that a member benefit will be paid before death without an actual payment bei
SMSFs have been warned that simply signing a resolution to say that a member benefit will be paid before death without an actual payment bei
The ATO has been urged to consider introducing transitional measures for those currently receiving loan relief for related-party loans to ma
The ATO has reviewed over 80 SMSF auditors through its top 100 and high-risk auditor program in the 2019–20 financial year, referring 25 o
AMP has confirmed a class action has been filed against it in the Federal Court on behalf of a number of AMP Financial Planning advisers.
Reduced annual pension entitlements for clients need to be rounded carefully, a technical expert has cautioned, with pension underpayment is
Software provider BGL has announced that its new software solution for non-super investment portfolios, Simple Invest 360, has now entered t
With the ATO paying closer attention to SMSF investment strategies, any SMSF trustees investing in derivatives should ensure they carefully
SMSF professionals with clients dealing with the payment of death benefits and testamentary trusts in the near future may want to apply for
Expanding the role of superannuation funds in infrastructure investment would provide an important boost for Australia’s economic recovery
The Association of Superannuation Funds of Australia (ASFA) has welcomed an amendment announced by the government last week enabling superan
The downturn in markets may be enough to satisfy the use of the ATO’s administrative concession for pension underpayments; however, it is
The Federal Court of Australia has ordered the wind-up of an unlawful managed investment scheme which resulted in SMSF investors losing subs
The SMSF Association is calling for the government to simplify the regulatory framework for financial advice, with the economic impact of CO
The ATO has expressed concern that some trustees with diminished pension account values may be putting themselves at risk of exceeding thei
With the ATO recently increasing its focus on incapacity and the compliance issues associated with it, an industry lawyer has shared some pr
The Morrison government has announced that it will extend the early super access scheme, sparking fresh warnings over policy stability.
The reduced pension minimums mean that clients with market-linked pensions and receiving payments in excess of $100,000 may be able to reduc
COVID-19 is speeding up the rate at which advisers are leaving the financial planning industry, which may present accountants with opportuni
While the government has now addressed an unintended consequence impacting death benefit rollovers with insurance proceeds, there are still
As part of its economic and fiscal update, the government has announced it will look to extend the time individuals have to apply for the ea
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