News : SMSFA

NALI can still taint all fund income

August 3, 2023

It is still possible for the entire income of an SMSF to be taxed at the NALI penalty rate under the NALE bill currently before parliament.

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SMSFA, Superannuation, Tax

$3m super tax law expected by mid-2024

July 31, 2023

Todd Wills

The government is likely to release draft legislation for the proposed $3 million superannuation earnings tax by early September, with the bill expected to pass through parliament in mid-2024.

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financial advice, SMSFA

SMSF sector built by advisers

July 27, 2023

Jason Spits

Specialist SMSF advisers have played a key role in building the SMSF sector and its representative body into a recognisable presence in the superannuation landscape.

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Education, SMSFA

Heffron offers SMSFA membership to students

July 20, 2023

Jason Spits

Heffron will offer free membership of the SMSF Association to students who complete its course for those new to the sector.

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Compliance, NALI/NALE, Regulation, SMSF, SMSFA

Repeal NALE or fix related issues

July 10, 2023

Jason Spits

The SMSF Association has called on the government to repeal the NALE provisions or provide solutions to further problems they will create.

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financial advice, Regulation, SMSFA

Levy to address SMSFA tech summit

July 4, 2023

Jason Spits

The author of the Quality of Advice Review report Michelle Levy will unpack the government’s response to it at this year’s SMSF Association Technical Summit.

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Compliance, Regulation, SMSFA, Tax

SMSFA supports franking credits review

June 6, 2023

Todd Wills

The SMSF Association has backed further review of proposed franking credit amendments, expressing concerns over potential impacts on legitimate business operations.

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NALI/NALE, SMSFA, Superannuation, Tax

Soft cap tax needs further consultation

May 10, 2023

Todd Wills

The SMSF Association has called on the government to allow for further consultation on the proposed soft cap tax after the budget unveiled no modifications to the measure.

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financial advice, Regulation, SMSFA

Experience plan may have kept more advisers

May 4, 2023

Jason Spits

The experienced adviser pathway should have been offered sooner under the education changes of recent years and may have led to greater retention of advisers.

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Contributions, SMSFA, Superannuation

SMSFA backs payday super reforms

May 3, 2023

Todd Wills

New reforms requiring employers to pay super on payday will benefit younger Australians using SMSFs and improve compliance within the superannuation system.

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