Articles by Tharshini Ashokan

Pensions

SISFA pushes for pension refund

SISFA pension refund

SISFA has recommended the government consider an excess pension payment refund for those who drew down their pension before a reduction was introduced.

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Superannuation

Call to postpone SG amnesty deadline

superannuation guarantee amnesty

The deadline for superannuation guarantee amnesty applications should be extended to March 2021 as a result of the COVID-19 pandemic, the National Tax Liaison Group has said.

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Documentation

Revised accounting standard may impact SMSFs

accounting standard SPFS

SMSFs looking to prepare special purpose financial statements will need to ensure their trust deed is set up accordingly thanks to a newly amended accounting standard, the ATO says.

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LRBA

Slow LRBA growth reduces risk

LRBA risks growth

The latest ATO statistics on the SMSF sector have shown a flattening of LRBA growth compared to previous years reducing concerns about risks in that market.

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Financial Planning, Retirement

Retirees avoiding advice despite COVID-19

retirees coronavirus

Most Australian retirees feel their investments are at risk as a result of the coronavirus pandemic, but almost 80 per cent have avoided seeking financial advice, a survey has revealed.

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Education, FASEA

FASEA confirms remaining 2020 exam dates

FASEA exam dates

FASEA has announced the remaining sitting dates of the adviser exam for 2020 will be held in August, October and November.

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Financial Planning, Investments

Robo-advice more popular in US

robo-advice

The US continues to lead in the demand for robo-advice among online investors, a survey shows, and women are more likely to use automated investment services than men.

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Auditing

TPB must act on SAN misuse

TPB SAN misuse

The Tax Practitioners Board (TPB) must take action against tax agents believed to have misused SMSF auditor numbers (SAN) to prevent it happening again, a specialist auditor says.

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Investments, Retirement

SMSFs should seek ‘all-weather’ portfolios

SMSFS portfolios

SMSFs with ‘all-weather’ investment portfolios could neutralise the sequencing risk caused by severe economic uncertainty.

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Financial Planning, Superannuation

COVID-19 SOA relief to end in October

SOA relief

ASIC’s COVID-19 relief measures relating to advice around the early release of super, including the use of an SOA, will be repealed in October.

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