Articles by Tia Thomas

ETFs

ETF popularity boom continues

ETF growth

Exchange traded funds (ETF) recorded strong investor interest in 2021 which has been predicted to continue through this, according to market trend research by Vanguard and the ASX.

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Estate Planning, Tax

BDBN to estate can create tax advantage

BDBN estate tax

Having a person’s estate specified as the beneficiary of a binding death benefit nomination could result in a significant tax saving.

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ATO

Late death benefit payout excuses limited

death benefit timeframe

The ATO will only recognize limited reasons offered by trustees as an acceptable excuse for not paying a death benefit within the standard timeframe.

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Contributions

COVID drives super contributions

superannuation voluntary contributions

Voluntary superannuation contributions have increased as a result of the COVID-19 pandemic as superannuants’ engagement with their savings reaches a two year high.

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Investments, Superannuation

SMSFs can be sophisticated investors

SMSF sophisticated investor

Trustees can band together with their SMSF to meet the status of a sophisticated investor, but should ensure any investment still meets their joint obligations.

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ATO

ATO holds off on TBA reporting compliance

ATO compliance TBA

The ATO will not take compliance action for a limited time against funds that have not reported a TBA event after the commencement of a new income stream.

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Superannuation

Draft co-contribution regulations released

draft co-contributions regulations

New draft co-contribution regulations for low-income earners have been released and include minor changes to previously released regulations that are due to expire.

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FASEA

FASEA passes conflicts decision to Hume

FASEA conflicts interest

FASEA has released industry feedback to a consultation paper on revising its conflicts of interest standard, but has left the final decision on amendments to the government.

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ASIC, Education

First adviser exam dates for 2022 released

ASIC exam dates

The dates for the first financial adviser exam to be conducted by ASIC have been set for early 2022, but the details of later sittings have not been finalised.

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Retirement

Calculator outlines retirement income plan

retirement income calculator

Pre-retirees can now access a retirement income calculator to plan how to safely spend their superannuation.

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