News

financial advice, Financial Planning, Strategy, Tax

Some clients require Div 296 urgency

While the Division 296 tax is yet to be passed into law advisers may need to have some clients act now to manage the liability of the impost.

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financial advice, Financial Planning, Retirement, SMSF, Strategy

Intent key to recontribution strategy

A withdrawal and recontribution strategy will be judged on the intent of the action as to whether the Part IVA provisions of the tax act apply to it.

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SMSF, Superannuation

SMSFs best for member satisfaction

As super fund members report high levels of satisfaction with their fund, SMSFs continue to lead the field of retirement savings vehicles.

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ASIC, Compliance, financial advice, Financial Planning

Advisers with Shield links banned

ASIC has banned two more practitioners who provided advice encouraging superannuants to invest in the Shield Master Trust.

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Documentation

Disability heightens authentication process

self managed super, self managed super fund, self managed super funds, self managed superannuation, SMSF, Disability, signature authentication, mental capacity, Peter Bobbin, Super Playbook 2025

It is imperative for an SMSF to have a signature authentication process in place to mitigate the risk associated with disability or death.

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financial advice, Financial Planning

Capacity limited but revenue climbs

self managed super, self managed super fund, self managed super funds, self managed superannuation, SMSF, Investment Trends, SMSF advisers, advice capacity, revenue, clients served, Yiğit Günhan, SMSF specialists, practice revenue, financial advice

Advisers are indicating they have limited capacity to take on new SMSF clients but also admitted this cohort is a key source of revenue for them.

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Division 296, SMSF, Tax

Div 296 asset values can be reduced

self managed super, self managed super fund, self managed super funds, self managed superannuation, SMSF, Division 296, asset values, super balance, Institute of Financial Professionals Australia, IFPA, Natasha Panagis, termination value, total super balance, $3 million threshold, The Super Playbook 2025, property

Assets in an SMSF can be reported at a lower value for Division 296 purposes through using an alternative super balance figure.

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ATO, Pensions

TR 2013/5 upgrade means more red tape

self managed super, self managed super fund, self managed super funds, self managed superannuation, SMSF, minimum pension payment, TR 2013/5, Taxation Ruling 2013/5, commutation, ECPI, exempt current pension income, Institute of Financial Professionals Australia, IFPA, Natasha Panagis, tax components, lump sum

The update to Taxation Ruling 2013/5 will create noticeably more administrative work for trustees who fail to meet the minimum pension payment standards.

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Auditing

Highlight risks to avoid audit advice

self managed super, self managed super fund, self managed super funds, self managed superannuation, SMSF, auditor, risky assets, evidence, reasoning, The Super Playbook 2025, ARC Super, Ashley Course, investment strategy

Auditors can flag the presence of risky assets in an SMSF by highlighting the absence of evidence or reasoning for their presence in a fund.

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