News : SMSF

Trustees exploring options ahead of $3m cap

June 28, 2023

SMSF trustees are searching for alternative strategies outside of superannuation to mitigate the tax implications of the proposed $3 million super earnings tax.

Derivatives require extra trustee care

June 27, 2023

Todd Wills

SMSF trustees need to be aware of their heightened obligations under the SIS Act when investing in complex financial securities such as derivatives.

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Administration, ATO, Compliance, SMSF

ATO flags pending TBAR shift

June 27, 2023

Jason Spits

The ATO has issued a reminder to SMSFs to lodge their last TBAR for the current financial year while highlighting the shift to quarterly reporting in the new year.

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ATO, Pensions, SMSF

Pension restructure needs approval

June 22, 2023

Jason Spits

SMSF members restructuring a pension that has an excess transfer balance should wait for ATO approval before making any commutations from the pension.

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Investments, Platforms, SMSF

BT to retain platform business

June 21, 2023

Jason Spits

Six months after it shuttered its SMSF administration service, BT has announced it has closed the sale process and will retain its Panorama investment platform.

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Regulation, SMSF, Tax

Changes to super will not end

June 20, 2023

Jason Spits

The size of assets held within superannuation means governments are likely to make ongoing changes such as the proposed $3 million tax.

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LRBA, Property, SMSF

LRBA interest rate pain coming

June 19, 2023

Darin Tyson-Chan

SMSF trustees using a related-party LRBA and adhering to the PCG 2016/5 safe harbour rules will be facing a significant interest rate hike in 2023/24.

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Retirement, SMSF, Superannuation