Articles by Krystine Lumanta

Investments

Vigilance key for SMSFs investing overseas

As SMSFs increasingly participate in overseas investments, it is vital the tax consequences and structuring of such opportunities are considered and understood, but importantly advisers must be monitoring rules continuously in case of any changes.

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Fixed Income

Fixed income structure risks need focus

Investor understanding of fixed income risks around structure types requires more attention and education, according to Metrics Credit Partners (MCP).

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ATO

ATO outlines vision for TBAR

Abstract binary numbers.

The ATO has revealed the regulator’s intentions for how its transfer balance account report (TBAR) regime will evolve with events-based reporting and other reporting over time, as well as clarifying whether capital gains tax (CGT) relief will be integrated.

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ATO

ATO​ ​proposes​ ​TBAR​ ​time​ ​frame​ ​options

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The ATO has this morning released a position paper requesting industry feedback on two possible time frame scenarios for SMSFs for events-based reporting under its transfer balance account report (TBAR) regime.

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Superannuation

Contributions soar in June quarter

SMSF contributions jumped in the June quarter, with trustees using their last non-concessional contribution (NCC) opportunity before the new limited caps kicked in, while benefit payments spiked in order to be used to implement strategies, according to the latest SuperConcepts “SMSF Investment Patterns Survey”.

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Compliance

Clients uncertain in new compliance landscape

The new superannuation changes are driving SMSF trustees to seek help and advice from advisers and accountants in order to understand and be guided through the complex rules, financial planning practice Australian Wealth Solutions (AWS) has revealed.

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Investments

SMSF money on the move

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SMSF trustees are making significant changes to their asset allocations compared to previous years, according to the latest industry research.

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Auditing

ASF, Super Auditors announce merger

Adelaide-based SMSF audit firm ASF Audits has announced it will merge with fellow independent SMSF audit firm Super Auditors, bringing the combined number of SMSFs serviced under the new business to more than 12,000.

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Superannuation

Following SMSF wind-up process vital

As many of the initial SMSF owners begin to enter their 80s, now is a good time to review all the different aspects to consider when it is time to close a fund, a specialist SMSF adviser has said.

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Business News

SMSF growth should bounce back

The number of SMSF establishments should begin to increase over the coming months and into next year, particularly once the industry has settled into the new superannuation environment.

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