Articles by Todd Wills

Legislation, Property, Superannuation

Super for housing policy counterproductive

Association of Superannuation Funds Australia Super Members Council Super for housing Andrew Bragg

Enabling access to superannuation funds to aid first-time homebuyers will drive up house prices and lock those with smaller super balances out of the market.

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ETFs, Investments

Global X unveils gold bullion ETF

Global X Gold Bullion ETF Global X Gold ETF

Global X has broadened its ETF offering by introducing a second fund focused on physical gold, featuring the market’s lowest management fee.

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Death benefits, Estate Planning

BDBNs can mitigate partiality risk

Conflict of interest Will Estate BDBN Death benefits

Trustees have two options to minimise the risk of legal challenges regarding conflicts of interest while managing an estate and determining the distribution of death benefits to beneficiaries.

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Administration, Compliance, Pensions

Beware excess TBC tax trap

Transfer balance cap Excess transfer balance cap Notional earnings Retirement phase Commutation Pension

Exceeding the personal transfer balance cap will raise an additional tax liability for trustees when they intend to take a pension income stream.

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Compliance, Education, financial advice

Adviser exam pass rate improves

ASIC Financial adviser exam

There has been a slight improvement in the number of candidates passing the most recent financial adviser exam overseen by ASIC.

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ETFs, Investments

JP Morgan unveils global equity ETF

JP Morgan ETF Global equity JPMorgan Global Select Equity Active ETF

JP Morgan has introduced a global equity ETF onto the ASX, providing investors with liquid access to one of its most popular investment products.

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ATO, Compliance, Contributions

Take action on excess contributions

ATO Non-concessional contributions Excess concessional contribution Contribution caps

Trustees making a concessional contribution over the cap limit could face tax and compliance issues if they take no action to withdraw it from the fund.

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Administration, ATO, SMSF, Tax

Confusion over education deductions

Education expenses Deduction ATO Taxation ruling

SMSF trustees are still attempting to claim certain education expenses as deductions despite recent ATO guidance on the matter.

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ATO, Crypto Assets

SMSF crypto losses raise alarm

ATO SMSF Cryptocurrencies digital assets losses scams

The ATO has warned SMSF trustees to remain vigilant and consult professional advice when investing in cryptocurrencies after witnessing ongoing losses by funds holding them.

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Investments, Platforms

Platforms add Vanguard managed funds

Vanguard Australia Hub24 Netwealth Managed accounts

Advisers using the Hub24 and Netwealth investment platforms will now be able to access Vanguard’s range of managed account strategies.

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