Articles by Tharshini Ashokan

Superannuation

Timing critical for contribution splitting

contribution splitting timing

Timing is essential for the successful application of contribution splitting strategies, a technical expert says.

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Pensions

Drawdown sequence vital to maximise benefits

pension drawdown sequence

SMSF practitioners should follow certain key steps in order to maximise draw down benefits for members, a technical expert says.

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Cryptocurrency

SMSF investment in cryptocurrency grows

SMSF cryptocurrency

Cryptocurrency is proving to be an increasingly attractive investment option among SMSFs, a bitcoin investment expert says.

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Pensions

Income stream reversionary status can change

income stream reversionary status

Members can still change the reversionary status of their income stream to add or remove beneficiaries in the right circumstances, a technical expert says.

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Retirement

TRIS still hold benefits for retirees

TRIS retirees benefit

Transition-to-retirement income streams (TRIS) can still benefit retirees despite ceasing to be eligible for tax exemptions in 2017.

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Superannuation, Technology

SuperStream assistance will pay off in future

Superstream rollovers

SMSF practitioners should take a proactive approach to ensuring clients’ funds are ready for the SuperStream system, particularly if fund rollovers are likely to happen in the near future.

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Auditing

ATO guide hits SMSF specialists

audit fee dependency SMSF

The ATO’s audit fee dependency benchmark could give larger accounting firms an advantage over specialist SMSF audit firms.

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Auditing

ATO guidance ends data feed speculation

audit data feeds

The ATO’s audit independence guidance highlights the near impossibility of firms being able to use automated tools as a path to in-house audits, a technical expert says.

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Superannuation, Tax

Segregation a potential tax rort

Asset segregation tax avoidance

Asset segregation will not protect trustees seeking a tax avoidance arrangement, with the ATO watching these situations, a technical expert has advised.

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Strategy, Tax

Asset segregation timing key

segregated asset SMSF

Attributing capital losses to SMSFs for tax purposes in a segregated asset environment has both pros and cons, a technical expert has said.

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