A leading specialist law firm has recommended all SMSFs consider putting an enduring power of attorney (EPOA) in place as a solution to mental incapacity and repatriation.

Knowing which assets to leave or switch back to the accumulation side of an SMSF is crucial for the optimal tax effectiveness of the fund in light of the proposed $1.6 million transfer cap, an SMSF expert has said. “If you’re going to have to roll back assets at some point in time between now […]

The Australian Securities and Investments Commission (ASIC) has reminded the industry of its surveillance activities for SMSFs, including monitoring newly licensed accountants, shadow shopping and financial advice in larger institutions.

The federal opposition has promised to address the retrospective nature of the proposed changes to the superannuation system contained in the 2016 budget. Speaking at the Financial Services Council Leaders Summit 2016 in Melbourne, Labor treasury spokesman Chris Bowen said: “We remain and will remain deeply concerned and opposed to aspects of retrospectivity, as do […]

The latest joint SMSF Association and Accurium sector research has shown the majority of SMSF trustee couples are well placed to have an asset balance high enough to fund at least a comfortable lifestyle in retirement. The report, titled “Are trustees prepared for retirement?”, showed the median balance of SMSFs run by couples over the […]

SuperConcepts has announced the appointment of Graeme Colley as executive manager for SMSF technical and private wealth.

SuperConcepts has announced the appointment of Graeme Colley as executive manager for SMSF technical and private wealth.

Research provider Canstar’s new service, WealthBricks, is looking to capture the attention of self-directed investors and SMSFs to benefit from its product matching algorithm that aims to save time when finding relevant products and investment ideas.

Plenty Plus will be launched as an exclusive solution for unlicensed accountants to tackle SMSF advice for their clients, relieving the compliance burden since the new licensing regime commenced on 1 July 2016.