News : Strategy

Retirement, Strategy

Retirees not achieving financial security

Man lost in maze raising arms in frustration

Financial security and peace of mind rank as key concerns for retirees, with no identifiable solutions to these issues, a recent study has shown.

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Strategy, Superannuation

Easing of contribution rules can be powerful

A policy specialist has identified that maximising the ability for 66 and 67 year olds to use the non-concessional contribution bring forward rule could result in a significant boost to these people’s retirement savings.

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Strategy, Superannuation

Contribution measures get mixed reaction

The federal government’s decision to scrap the work test and enable the non-concessional contributions rule for people aged 65 and 66 has been met with a mixed reaction.

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Strategy

Alternate or successor director for an SMSF? – Part two

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DBA Lawyers compares the option of a director nominating an alternate director in contrast to nominating a successor director in an SMSF context to determine which is better.

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ATO, Strategy

ATO highlights professional advisers’ role in compliance

Professional advisers have been recognised by the ATO for their work in ensuring SMSF trustees maintain their obligations.

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Investments, Strategy, Superannuation

Default options, inertia key drivers for members

New research from Vanguard has shown the default option in investments and asset allocations is the predominant setting for most super fund members.

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Strategy

Alternate or successor director for an SMSF? – Part one

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DBA Lawyers compares the option of a director nominating an alternate director in contrast to nominating a successor director in an SMSF context to determine which is better.

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Regulation, Strategy

SMSF body endorses six-member fund maximum

The move to increase the maximum number of SMSF members from four to six has met the approval of the peak sector body.

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Compliance, Strategy

Six members may require corporate trustee

Having a corporate trustee may be the only solution for some SMSFs wanting to increase the number of fund members to the maximum of six.

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Strategy, Tax

Allowance a more solid link to dependency

A sector expert has suggested the payment of an allowance as opposed to specific expenses is a more prudent method of establishing financial dependency and the associated favourable tax treatment in the event of an SMSF death benefit being paid.

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