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Changes to reporting of transfer balance account events
The introduction of a transfer balance cap (TBC) in July 2017 brought about a limit on how much an individual could transfer from their accu
The introduction of a transfer balance cap (TBC) in July 2017 brought about a limit on how much an individual could transfer from their accu
SMSF advisers have to look closely at the ethics of unusual assets to ensure they are legitimately inside the sole purpose test, said a lead
Commercial property is still a viable investment for self-managed funds, especially if the fund is leasing it back to a business, said a lea
Superannuation pensions in retirement phase are brilliant for members of any fund – not just SMSFs. They allow super to be converted int
The government’s decision to introduce a $3 million cap on super balances above which earnings will be taxed at a
Property investment by an SMSF will fail the sole purpose test if it provides pre-retirement benefit to someone such as personal use of a fu
The SMSF sector will be interested to see how valuation implications play out with the SPS 530 regulations that came into force this year.
Knowing where SMSFs are investing can help advisers determine the best approach for their clients.
Rising inflation must be taken into account when trustees are establishing an SMSF, says a leading financial educator.
SMSF trustees have to ensure funds are set up with a clear sole purpose or face the possibility of court challenges.
Money taken out of SMSFs during the pandemic can be re-contributed without penalty but only if the correct waivers are filed with the ATO at
Some 80% of retirees say they are already negatively feeling the impact of inflation and the majority are concerned it will mean they run ou
Individuals and advisers dealing with SMSFs are being urged to check to see if they have received a Division 293 assessment.
The changes in reporting for TBCs will mean accountants and administrators will have to record reportable events differently or risk penalti
Advised SMSFs are more focused on using ETFs for great diversification or to gain trading efficiencies, suggests new research from AUSIEX.
Couples now need nearly $70,000 per year to achieve a comfortable retirement, while singles need around $50,000 according to an analysis fro
From today, the Austrailan Taxation Office will be issuing Section 20C notices for the period 1 July to 31 December 2022, with a due date
The ATO said it is seeing a rise in behaviours which indicate SMSF members may be accessing their funds before meeting the conditions of rel
According to data from Roy Morgan’s Superannuation Satisfaction Report, SMSFs have the highest satisfaction rate.
A review from ASIC has highlighted areas where trustees need to improve, including life insurance provided to members.
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