Articles by Tharshini Ashokan

ATO

ATO glitch hits contribution amendments

March 18, 2020

The ATO has flagged a system issue impacting amendments to notional taxed contributions and defined benefit contributions for some defined benefit members.

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ATO, Property

ATO flags in-house asset exception concerns

March 17, 2020

Tharshini Ashokan

Trustees need to understand the key conditions for meeting the in-house asset exception before using ungeared related companies or unit trusts to invest in property development via their SMSF.

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ATO, LRBA

ATO flags new LRBA reporting in SAR

March 16, 2020

Tharshini Ashokan

The ATO has highlighted key updates to the 2020 SMSF annual return form, including a change to LRBA reporting requirements.

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ATO, Auditing

ATO issues auditor appointment reminder

March 12, 2020

Tharshini Ashokan

The ATO has reminded trustees they are legally required to appoint an approved SMSF auditor by 31 March or face the possibility of a large fine.

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Estate Planning

Control key to estate planning

March 11, 2020

Tharshini Ashokan

Trustees should consider who will be in control of their SMSF decisions when a member dies or loses capacity, and ensure their documentation reflects this.

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Regulation, Retirement

SMSFA supports draft work test amendment

March 10, 2020

Tharshini Ashokan

The SMSF Association has voiced its support for draft legislation giving individuals aged 65 and over greater ability to make super contributions.

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Administration, Business News

Heffron unveils new online SMSF tools

March 10, 2020

Tharshini Ashokan

Heffron has launched two new resources to help SMSF practitioners better serve their clients.

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Investments, Strategy

Trustees not reaping full benefit of SMSFs

March 9, 2020

Tharshini Ashokan

Many trustees are too busy to implement an investment strategy for their fund that will maximise the benefit of having an SMSF, a superannuation expert says.

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Investments

Clime unveils self-directed portfolio range

March 5, 2020

Tharshini Ashokan

Clime Investment Management has launched a range of self-directed investor model portfolios in partnership with the OpenInvest platform.

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Financial Planning

Market uncertainty requires specialist advice

March 4, 2020

Tharshini Ashokan

The market impact of the coronavirus outbreak and the latest RBA rate cut has heightened the need for specialist SMSF advice, the SMSF Association says.

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