CoreData today named the finalists for the inaugural CoreData SMSF Service Provider Awards, recognising the best participants in Australia’s largest retirement savings sector.

A recent Australian Taxation Office (ATO) ruling on pensions has not addressed how SMSFs should treat a situation where more than one pension is in existence and they are all underpaid for the financial year.

SMSF members considering deliberately breaching the excess concessional contributions cap under the new rules as a tax deferral strategy need to be mindful of a few factors, including the ability to cover the excess contributions charge, according to a specialist SMSF lawyer.

Specialist SMSF service provider Heffron has rebranded itself in the fastest-growing sector of the superannuation market.

The latest Australian Taxation Office (ATO) draft tax determination addressing asset segregation associated with pension payments contains some areas of concern, of which SMSF trustees will have to be mindful when looking to fund a retirement income stream, according to a specialist lawyer servicing the sector.

A panel of SMSF sector experts has concluded the costs associated with the new licencing regime and raised professional standards should not be viewed as a barrier to entry for the provision of advice to SMSF clients.

Super Guardian has added additional functionality to its SMSF administration and investment service, Xpress Super, with the inclusion of a direct property option for clients.

The SMSF Professionals’ Association of Australia (SPAA) has described as encouraging the continued growth of the sector reflected in the latest Australian Prudential Regulation Authority (APRA) statistics.

Accountants looking to build a successful SMSF practice under the new regulatory regime should not make the licensing requirements their main focus, according to an industry consultant.