News : SMSF

ASIC, Auditing, SMSF

More SMSF auditors sanctioned

SMSF auditors

ASIC has taken enforcement action against 11 registered SMSF auditors, including the disqualification of seven practitioners.

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ATO, SMSF

ATO issues two SMSF reminders

ATO SMSF

SMSF trustees have been reminded to check if they have any unclaimed super and if the ATO has their most recent fund bank account details.

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Business News, SMSF, Technology

US fintech firm to enter SMSF admin space

SMSF

A US-based fintech company is looking to enter the SMSF market through the acquisition of a firm with an established fund administration service.

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Auditing, Education, SMSF

Auditors failing key requirements

SMSF auditors

Many SMSF auditors are being issued with ATO education directions for failing one of the most fundamental tasks required of them.

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SMSF, Superannuation, Tax

Clarifying the $3 million soft cap

$3 million superannuation cap

The proposed $3 million soft cap has caused significant angst in SMSF circles, but understanding the facts of the measure to date is important.

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SMSF, Superannuation

TSB used to level playing field

Treasury has admitted the use of the TSB to levy a proposed earnings tax was chosen to prevent people moving funds to sidestep the tax.

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SMSF

New SMSFs favour fewer members

New SMSFs members

Current statistics have revealed funds servicing fewer members have the most appeal for individuals looking to establish an SMSF.

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SMSF, Tax

Soft cap has member death impact

SMSF member death

The proposed 30 per cent tax on super balances above $3 million would continue to have an effect even after an SMSF member passes away.

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SMSF, Tax

SMSFs to feel tax cap the most

SMSF superannuation tax cap

While the new $3 million threshold will be applied to super funds across the board, it has been acknowledged it will have the greatest impact on SMSFs.

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SMSF

SMSFs the industry leader

SMSF industry leader

The SMSF sector should receive more recognition for the innovation it provides to the superannuation industry as a whole.

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