Articles by Tharshini Ashokan

Retirement

Cost of living on the rise for retirees

Cost of living retirees

Price increases returning to normal after the easing of COVID-19 restrictions has resulted in a rise in the cost of living for retirees in recent months.

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ATO

Exceeding TBC requires prompt action

exceeding tbc

Advisers must act quickly to clear up any issues for SMSF clients who are found to have exceeded their TBC under the new indexation rules that will soon apply.

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Regulation, Superannuation

TBC indexation changes not universal

TBC indexation SMSFs

General TBC indexation will lead to more complexity for some, but not all, SMSFs and advisers need to be aware of where it will apply.

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Superannuation

Contributions cap rises have knock-on effect

concessional contributions cap increases

There will be a number of knock-on effects for SMSF clients when the concessional contributions cap increases in July.

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ATO, Documentation

ATO flags SAR non-lodgement letters

ATO annual returns

The ATO will be sending letters to SMSF trustees with outstanding annual returns warning them a failure to lodge will carry penalties.

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Financial Planning, Regulation

Regulation shakes confidence in scaled advice

Regulation scaled advice

The main barrier to advisers wanting to provide limited advice is a crisis of confidence brought on by the regulatory system, an industry expert says.

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Investments

Misaligned strategies will create audit delay

investment strategy audit delay

In order to prevent audit delays down the track, an SMSF’s investments must align with its investment strategy, an audit expert has said.

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Financial Planning, Technology

Technology key to better advice

advice technology

Advisers struggling to manage the multiple demands of their business should embrace advice technology, a fund manager has said.

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Superannuation

Best financial interest duty key for SMSFs

Best financial interest duty SMSFs

The best financial interest duty that will be introduced in the Your Future, Your Super package will have relevance for all super funds, including SMSFs, according to a senior government minister

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Accounting, Documentation

Class acquires document provider

Class ReckonDocs

SMSF technology platform Class has acquired documentation service ReckonDocs as part of its ongoing transformation strategy.

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