Articles by Todd Wills

ATO, Compliance, Crypto Assets, SMSF

ATO monitoring crypto tax reporting

ATO SMSF Annual return Cryptocurrency

The ATO is conducting a data-matching project to ensure SMSFs and investors accurately report cryptocurrency sales in their annual returns.

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Administration, ATO, Compliance, SMSF

ATO issues end-of-year reminders

ATO SMSF SAR SMSF annual return Concessional contribution cap Non-concessional contribution cap Minimum pension payment

SMSF trustees have been reminded to check the accuracy of their fund details on the SMSF annual return before lodging and ensure they pay members the minimum pension amount by 30 June.

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ETFs, Investments

Global X debuts US infrastructure ETF

Global X ETF Global X US Infrastructure Development ETF

Global X has launched an ETF that aims to capitalise on infrastructure investment in the world’s largest economy.

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Legislation, Regulation, Retirement

Simple retirement contributions reform needed

Retiree Super Members Council Contribution

The government should remove the rule that requires retirees to open a new accumulation-phase super fund for contributions if they decide to engage in part-time work.

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Contributions, SMSF, Superannuation, Tax

Retirement savings, tax lead client concerns

superannuation contribution caps Division 296 tax retirement savings SMSF BT Technical Services Bryan Ashenden

Increasing retirement savings and tax management strategies will be key concerns for advisers and their clients in the next financial year.

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Compliance, Pensions, SMSF

Lumpy assets require regular valuation

SMSF asset valuation large assets lumpy assets Pension standards Minimum pension payments Heffron Lyn Formica

Regular valuations for large assets in an SMSF are vital in order to comply with the pension standards and the minimum payment requirement.

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Administration, Compliance, Regulation, Superannuation

Pre-bankruptcy transfers unprotected

Bankruptcy Superannuation transfers Federal Court Kirk as trustee of the Property of Smith (a Bankrupt) v Smith [2024] Creditors

Superannuation balances transferred prior to a declaration of bankruptcy will not protect those assets from the claims of creditors.

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AFCA, financial advice, Regulation

Dixon AFCA membership termination supported

FAAA Dixon Advisory CSLR AFCA

The FAAA has supported a proposal to cancel Dixon Advisory’s AFCA membership, citing concerns compensation linked to the case is adding to an unsustainable levy for advisers.

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Retirement

Retiree expenses hit new high

ASFA Retirement standard Inflation Cost of living

Living expenses for retirees increased last quarter due to rising healthcare and insurance costs, however, weaker rises in food and fuel prices may signal a potential slowdown in inflation.

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Retirement, Superannuation

Inflation pushing retirees to work longer

Inflation Cost-of-living Retirement

Retirees are choosing to stay in the workforce longer and postpone their retirement plans due to record rises in cost-of-living expenses.

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