News : Superannuation

Administration, Compliance, ECPI, Pensions, Regulation, SMSF, Superannuation

Failed pension process not logical

The process to rectify a pension that has not made minimum payments is difficult and will require multiple steps to achieve.

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LRBA, SMSF, Strategy, Superannuation

Maintain LRBA single-asset treatment

Shares purchased under an LRBA should be treated as single asset regardless of what happens to them while they are held by an SMSF investor.

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Compliance, Death benefits, SMSF, Strategy, Superannuation

Proper trustee discretion key in death

Trustee discretion must meet certain thresholds set by the courts for decisions made under this power with regard to death benefit distributions.

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Compliance, Pensions, Regulation, SMSF, Superannuation

Failed pensions need minimums paid

Pensions linked to the breach of the payment standards cannot be commuted and restarted before this contravention has been rectified.

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ASIC, financial advice, Financial Planning, Investments, Regulation, SMSF, Superannuation

More Shield-linked advisers banned

Two more advisers linked to the Shield Master Fund have been issued with bans from ASIC.

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financial advice, Financial Planning, SMSF, Superannuation

IFPA appoints new chief executive

Ky Wilson has been announced as Institute of Financial Professionals Australia chief executive after several years of service with the organisation.

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Compliance, Contributions, SMSF, Strategy, Superannuation, Tax

Deductible recontributions scrutinised

Deductions claimed on withdrawals from super that are quickly recontributed will attract scrutiny from the ATO in regards to tax avoidance.

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financial advice, Financial Planning, Management, Practice Management, SMSF, Superannuation

Disability readiness a multilayered win

Accommodating client disability can strengthen both advice propositions and businesses themselves from an operational perspective.

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Division 296, Superannuation, Tax

Retirees express super tax disappointment

self managed super, self managed super fund, self managed super funds, self managed superannuation, SMSF, Division 296, Australian Independent Retirees, unrealised capital gains, Wayne Strandquist, non-liquid assets, indexation

The government’s unrelenting position to not make any changes to the proposed Division 296 tax legislation is causing anguish among retirees.

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Division 296, Legislation, SMSF, Superannuation, Tax

Raising tax threshold a political risk

Doubt has been cast as to whether a future government would have the political courage to increase a non-indexed Division 296 tax threshold.

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