News : Superannuation

Accounting, Retirement, Superannuation

Work test rules intricacies require attention

It is vital for advisers and accountants to be cognisant of the interplay between the bring-forward rules, work test exemption and downsizer contributions, an SMSF expert has said.

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ASIC, Superannuation

AFSL cancelled for conflicts of interest

The Australian Securities and Investments Commission (ASIC) has cancelled the Australian financial services licence (AFSL) of Evermore Money Management for failing to comply with several licensee obligations and manage conflicts of interest.

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Regulation, Retirement, Superannuation

Market conditions prompt delay in retirement

A new Roy Morgan survey has found negative forces currently pervading the economy and investment markets are likely to result in more Australians holding off their decision to retire.

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Pensions, Superannuation

Segregation not just about pension accounts

When we use the term segregation or refer to an asset as being segregated in a superannuation fund, we are generally referring to a tax concept that relates to funds providing retirement-phase pensions.

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Business News, Superannuation

New alliances to help UBS service super industry

UBS Asset Management Australia has announced two new partnerships with fund managers with a view to providing better investment options for superannuants across the country.

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Regulation, Superannuation

Significant victories for SMSFA in 2018

The SMSF Association has reflected favourably upon its advocacy activity in 2018, nominating the changes to the work test exemption as it most significant achievement in this area.

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Regulation, Retirement, Superannuation

ASFA argues against system disruption

The Association of Superannuation Funds of Australia (ASFA) has called for stability to be established with the current retirement savings framework and as such has argued against the introduction of a policy stopping the ability of some retirees to receive imputation credit refunds.

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Regulation, Superannuation, Tax

Current imputation refund impost not accounted for

The Financial Services Council (FSC) has criticised the premise the Labor Party has used from a government expenditure perspective to justify its proposed policy of banning imputation credit refunds for certain retirees in its submission to the House of Representatives Standing Committee on Economics inquiry on the matter.

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Property, Superannuation, Tax

Negative gearing change to increase super appeal

The change to the negative gearing rules the Labor Party is likely to introduce should it win power at the next federal election could make superannuation an even more attractive investment vehicle from a tax perspective, a mid-tier accounting firm has predicted.

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HNWI, Regulation, Superannuation

Reforms have blunted imputation credit policy

The effect of the $1.6 million transfer balance cap contained in the 2016 federal budget super reforms stands to diminish the amount of tax expenditure the Labor Party is looking to claw back from its proposed imputation dividend refund ban for certain individuals, a mid-tier accounting firm partner has said.

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