Articles by Tharshini Ashokan

Pensions

Corona shock may solve legacy pension issue

Coronavirus legacy pension

COVID-19 could help resolve the transfer balance cap problem faced by SMSFs looking to restructure their old legacy pensions, an SMSF technical expert says.

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ATO, Superannuation

ATO grants rent relief to SMSFs

ATO rent relief SMSF

The ATO has confirmed it will not take action against SMSFs providing tenants with rent reductions due to the impact of COVID-19.

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Financial Planning

Advisers hopeful about COVID-19 impact

coronavirus financial advice

More than 75 per cent of financial advisers expect the economic impact of COVID-19 to result in long-term demand for financial advice, a survey has revealed.

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Regulation, Superannuation

COVID-19 knocks super reforms off track

covid-19 superannuation reforms

A newly revised parliamentary timetable will add further delays to superannuation reform measures announced in the 2019 federal budget.

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Pensions

Act fast on reduced minimum pension

reduced minimum pension

Advisers should keep in mind the existing “pecking order” for taking benefit payments exceeding the minimum pension when applying the government’s new reduced minimum pension measure, an SMSF technical expert says.

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LRBA

Follow-up crucial after LRBA payout

LRBA payout

The steps SMSF trustees take after their fund has paid out a limited recourse borrowing arrangement (LRBA) is crucial for a smooth audit of their fund, an audit specialist says.

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Financial Planning

More adviser communication required

financial advisers communication

Financial advisers should be ramping up their communication with clients and reassessing portfolios during this time of economic uncertainty, a senior advice executive has said.

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Administration, Superannuation

Govt introduces super, pension relief measures

superannuation pension relief

The federal government has announced it will allow early access to superannuation for people under financial stress as a result of COVID-19.

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Regulation, Superannuation

SMSFA, FSC support govt coronavirus response

SMSF Association FSC

The SMSF Association and Financial Services Council have welcomed the federal government’s latest economic support package.

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FASEA

FASEA cancels face-to-face April exam

FASEA April exam

FASEA has cancelled face-to-face sittings of its April exam and replaced them with remote online options to allow advisers to meet the deadline for complying with their education requirements.

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