News : Retirement

Financial Planning, Retirement

Retirement funding models ignoring aged-care costs

With clients living longer, advisers have been urged to consider helping clients fund the cost of care in the later years of retirement.

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ATO, Retirement, Superannuation

Definition of contribution remains vague

There is no concrete definition of the term contribution in super law and income tax law, which can be problematic for clients.

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Regulation, Retirement, Superannuation

PM labels franking credit proposal as theft

review: superannuation; retirement

The Prime Minister has pushed back on Labor’s franking credit proposal, branding it as theft and an unfair tax grab.

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ATO, Retirement, Superannuation

ATO stresses commutation authority strictness

Commutation authorities must be actioned in a specific manner to avoid any associated adverse consequences, the ATO has said.

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Appointments, Retirement, Superannuation

Westover joins Deloitte

SMSF and super expert Liz Westover has joined Deloitte as a partner after departing PwC in December 2018.

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Retirement, Superannuation

SMSFA pushes for spousal rollover measure

The SMSF Association has used its budget submission to call for the introduction of a spouse rollover measure to close the gender retirement gap.

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Regulation, Retirement

Franking credit campaign ‘misrepresentations’ addressed

SMSF; review; industry fund

The head of Wilson Asset Management has rejected claims he has formal ties to Liberal MP Tim Wilson, despite both campaigning against the removal of franking credit refunds.

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Regulation, Retirement, Superannuation

Franking credit proposal fails policy test

Labor’s imputation refund proposal fails the public policy test on four grounds and will drive investors on to welfare, retirees have heard.

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Regulation, Retirement, Superannuation

Petition launched to fight franking credit changes

An online action group has joined the push against plans by the federal opposition to remove refundable dividend imputation credits for self-funded retirees, claiming the proposed move punishes people who have heeded calls to save for their own retirement.

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Accounting, Retirement, Superannuation

Work test rules intricacies require attention

It is vital for advisers and accountants to be cognisant of the interplay between the bring-forward rules, work test exemption and downsizer contributions, an SMSF expert has said.

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