News : Superannuation

Compliance, Pensions, SMSF, Superannuation

TRIS payment penalties severe

transition to retirement income stream TRIS pension standards minimum drawdown maximum drawdown exempt current pension income SMSF Professionals Day 2024

Trustees who do not observe the minimum and maximum payment thresholds for a non-retirement-phase TRIS will be subject to harsh penalties.

read more
AFCA, BDBNs, Superannuation

Federal court upholds BDBN decision

Corbisieri Nguyen BDBN AFCA Nguyen v Australian Financial Complaints Authority [2024] FCAFC 77 Federal Court

The Federal Court has ruled a suicide note sent via text message was not sufficient to terminate a relationship for the purposes of a binding death benefit nomination.

read more
Superannuation

Allow leverage inside super

Leverage Superannuation funds Debt

The debt leveraging that has boosted the residential property market should be allowed inside superannuation to further grow member balances.

read more
Downsizer, Retirement, Superannuation

Lifestyles stifle downsizer use

Downsizer contribution Superannuation Retirees HLB Mann Judd Sydney Jonathan Philpot Michael Hutton

Lifestyle considerations are playing a significant part in retirees’ willingness to invoke the downsizer contribution provisions.

read more
Retirement, Superannuation

Renting retirees shows need for super

Vanguard Australia Daniel Shrimski Retirement Renting Mortgage Superannuation

The role of superannuation in building wealth for retirement has been highlighted again by new research showing a third of retirees finish work without fully owning their home.

read more
Compliance, Regulation, Retirement, Superannuation

Retirement work hours are strict

Definition of retirement Work SMSF Condition of release

The maximum number of hours associated with retirement status is a strict measure applied per week and not over a longer period of time.

read more
Superannuation

Super consultations not fit for purpose

DBA Lawyers Dan Butler superannuation consultation Division 296 tax

The consultation process for new superannuation legislation has become less thorough and inclusive, leading to the creation of poorly designed bills.

read more
SMSF, Superannuation

First CSLR payments made

Compensation Scheme of Last Resort CSLR First payments David Berry SMSF self-managed super fund

The Compensation Scheme of Last Resort has paid out $360,000 in its first batch of payments, with one of the first cases settled relating to inappropriate SMSF advice.

read more
Contributions, Superannuation

Mortgage debt shouldn’t rule out contributions

Mortgage Concession contribution Superannuation HLB Mann Judd

Paying off a mortgage should not be seen as a reason for not making additional concessional contributions towards superannuation.

read more

Copyright © SMS Magazine 2025

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.