Articles by Krystine Lumanta

Superannuation

Look beyond cash, super to boost NCCs

SMSFs looking to make non-concessional contributions (NCC) ahead of the new super rules must consider other structures or avenues besides superannuation and pure cash holdings in order to increase their balances, according to an industry executive.

read more
Business News

Advisers contemplate portfolios outside super

The incoming super changes are driving some advisers to consider replicating their clients’ SMSF portfolios outside of the super environment, according to State Street Global Advisors (SSGA).

read more
Residential Property

SMSFA contests super access for housing

The SMSF Association has categorically opposed a proposal to allow first home buyers to access their superannuation to fund a housing deposit. 

read more
Compliance

Clients need push with super changes

SMSF clients needed to be compelled by their advisers to take action in relation to the upcoming changes to superannuation, according to an industry executive.

read more
ATO

ATO provides CGT relief clarity

The ATO’s update to Law Companion Guideline (LCG) 2016/8 has provided the industry with several examples around capital gains tax (CGT) relief in relation to transition-to-retirement income streams (TRIS). LCG 2016/8 “Superannuation reform: transfer balance cap and transition-to-retirement reforms: transitional CGT relief for superannuation funds”, released last Thursday, expanded upon the objective of the clause, […]

read more
Compliance

Topdocs integrates with ASAP

Topdocs has teamed up with Australian fintech start-up Accountants Scaled Advice Platform (ASAP) to help accountants servicing Australia’s 580,000 SMSFs deal with an expected unprecedented compliance squeeze at the end of the 2017 financial year. 

read more
Regulation

Govt committed to best possible super system

Revenue and Financial Services Minister Kelly O’Dwyer has reaffirmed the federal government’s commitment to its changes to the superannuation system, maintaining they are necessary to best safeguard and grow people’s retirement savings.

read more
Residential Property

Still no grounds for property bubble claims

Limited recourse borrowing arrangements (LRBA) within the superannuation system are still too small to be responsible for driving a property bubble, yet a new report continues to propagate the myth that they are to blame.

read more
ATO

Fixed trust structures require examination

Professional advisers will need to be on the lookout for issues surrounding fixed trusts and also question when they are required following the ATO signalling its interest in the area, a specialist law firm has warned.

read more
Superannuation

SMSFA, FSC to tackle women’s super issues

The SMSF Association and Financial Services Council (FSC) are joining forces for a conference that will explore why women retire with substantially lower superannuation balances than men.

read more

Copyright © SMS Magazine 2024

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.