News : SMSF

Retirement, SMSF, Superannuation

Benefit types important for TRIS

TRIS, unrestricted non-preserved benefits, Institute of Financial Professionals Australia, IFPA, Natasha Panagis, IFPA 2025 Conference and Expo,

The make-up of an SMSF member’s benefits should be taken into account before starting a TRIS to achieve the optimal outcome from the action.

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ATO, SMSF, SuperStream

Dispute intervention not an ATO role

There should be no expectation among SMSF trustees that the ATO will have any involvement in member disputes except in specific circumstances.

There should be no expectation among SMSF trustees that the ATO will have any involvement in member disputes except in specific circumstances.

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ATO, SMSF, Superannuation

Excess release less work than SG opt-out

Releasing excess concessional contributions is easier than trying to opt out of super guarantee payments that created the surplus in the first place.

Releasing excess concessional contributions is easier than trying to opt out of super guarantee payments that created the surplus in the first place.

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Compliance, Regulation, SMSF, Superannuation

Court orders wind-up of rollover scheme

A managed investment scheme linked to superannuation rollover advice will be wound-up after the Federal Court ordered its closure.

A managed investment scheme linked to superannuation rollover advice will be wound up after the Federal Court ordered its closure.

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Contributions, SMSF, Tax

Reserving useful to stymie Div 293

SMSF members facing a Division 293 tax bill should consider a contribution reserving strategy as a method to offset the additional impost.

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Regulation, SMSF

SMSFA urges cybersecurity alertness

The cyberattacks directed at several public offer funds should provide SMSF trustees with a reminder to employ best-technology security practices.

The cyberattacks directed at several public offer funds should provide SMSF trustees with a reminder to employ best-technology security practices.

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financial advice, Legislation, SMSF, Superannuation

CSLR should be future govt priority

The FAAA has called for the next federal government to urgently fix the CSLR and move quickly to advance reforms that will reduce advice costs and open pathways to new advisers.

The FAAA has called for the next federal government to urgently fix the CSLR and move quickly to advance reforms that will reduce advice costs and open pathways to new advisers.

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Auditing, Regulation, SMSF, Superannuation

New stakeholder in ASF Audits

ASF Audits, Fortitude, Nick Miller, Chris Atkins, Casey McGrath, Fortitude Investment Partners, Adelaide,

A private equity firm has taken a large stake in ASF Audits as one of its longest serving staffers announces his departure.

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ATO, Legislation, SMSF, Superannuation, Tax, Trusts

Avoid state trustees in estate plans

Cooper Grace Ward, Sarah Camm, Gainer, Clinton Jackson, Annual Adviser Conference, Brisbane, ATO,

State or public trustees should be avoided as a back-up plan in SMSF estate plans as they often don’t want the job and assigning it to them could breach superannuation laws.

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Administration, ATO, SMSF, Superannuation

Trustees warned on early access

The ATO has warned trustees they will be held accountable for members who access super without meeting a legitimate condition of release.

The ATO has warned trustees they will be held accountable for members who access super without meeting a legitimate condition of release.

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