ASIC fact sheet causing anxiety for trustees with mid-level balances
Sarah Kendell
The SMSF fact sheet distributed to new trustees by the corporate regulator late last year may have caused unnecessary anxiety among trustees
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ATO outlines tax relief for bushfire victims
The ATO has outlined the ways in which those impacted by Australia’s bushfire crisis will be given relief from any outstanding tax obligat
Use caution when making bushfire donations from super
SMSF trustees hoping to make donations to charitable causes associated with bushfire relief out of their super may run into problems unless
FASEA director resigns from board
The Financial Adviser Standards and Ethics Authority has announced one of its board directors will be resigning from their position from the
Are mortgages the key to holistic financial advice?
Morningstar has flagged the importance of mortgage advice for the average Australian, whose biggest asset is their home – not their supera
SMSF adviser cops 5-year ban for best interest breach
The corporate regulator has banned a Perth-based SMSF adviser from the financial services industry for five years for failure to meet the be
Sarah Kendell
Catch-up concessional contributions – strategies and practicalities
It’s been a long time coming but members are finally able to use the catch-up concessional contribution rules for the first time this year
2020 audits to focus on investment strategy
SMSF auditors are expected to focus more clearly on specific details and evidence around a fund’s investment strategy in the coming year a
Will low wage growth stop Aussies from reaching their financial goals?
Inadequate income and the high costs of living are providing barriers for Australians who have put financial goals top of mind in the new ye
New contribution opportunities for trustees in 2020
The new year brings a host of new contribution opportunities for SMSF trustees, including options to boost the amount of concessional contri
Sarah Kendell
What limits SMSF advisers should be aware of when providing advice
This article examines what advice SMSF advisers can and cannot provide without “stepping over the line” especially in providing taxation
SG loophole changes come into force
New laws preventing the inclusion of employee salary sacrifice contributions as part of an employer’s SG obligations come into force this
New year offers estate planning opportunities for trustees
The new year presents an opportunity for SMSF trustees to construct a more effective estate plan for their super, including looking at recon
Time running out for 2019 budget changes
Time is running out for the government to introduce legislation around the changes it had flagged to super in the 2019 budget, with practiti
Government action on complying pensions essential in 2020
A continuing lack of action to resolve issues around legacy complying pensions could see this become one of the top concerns in the SMSF sec
Sarah Kendell
Understanding SMSF trustees
A self-managed superannuation fund is a type of “trust” and, like any trust, must be run by trustee/s. However, before setting up it is
Super could help address financial stress for drought, bushfire victims
SMSF professionals with rural clients could look at using super assets in some cases to help with any financial hardship clients are experie
New legislation to correct penalties for death benefit rollovers
Legislative amendments due to be passed early in the new year will see the removal of unintended tax penalties for SMSF members who may be r
Sarah Kendell
Should your attorney have carte blanche over your super?
Appointing an attorney to look after your finances if you become mentally incapable is a good idea, but should there be limits?
Surprising insights into Christmas Day workaholics
From getting fired for not smiling enough to smacking kids and cannabis use, here are the weird, naughty and downright sad things Aussies
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