News : Superannuation

Financial Planning, Superannuation

Reports signal low risk of financial harm

The SMSF Association has acknowledged the significance of the corporate regulator’s recent SMSF reports, but noted most non-compliant client advice files did not indicate a risk of financial detriment.

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Accounting, Strategy, Superannuation

Manual ECPI now impractical

The new guidelines for calculating exempt current pension income (ECPI) require additional record-keeping, potentially covering several accounting periods and more data, and are more difficult to apply, meaning specialised software is critical to avoid mistakes.

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Retirement, Superannuation

No material change in super gender gap

The average super balances of intending retirees over the past decade have more than doubled for both men and women, but females remain well behind the male average, with real improvements expected to take some considerable time, new research from Roy Morgan has revealed.

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Retirement, Superannuation

Retirement alliance unveils website

The Alliance for a Fairer Retirement System, comprised of several industry associations, has launched a website to cater to the growing demand from organisations and individuals seeking support, information and research on the impact of scrapping excess imputation credit refunds.

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Superannuation

Introducing the new online selfmanagedsuper

Selfmanagedsuper would like to welcome you to its new-look newsletter for practitioners servicing the SMSF space.

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Superannuation

Super tinkering has little political bearing

Australian Parliament House

A view by governments the super system is politically neutral in terms of how it affects voters might mean tinkering with it will continue, according to financial services firm HLB Mann Judd.

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Superannuation

Considering alternative distribution structures

The introduction of the $1.6 million transfer balance cap and the reduction in contribution caps mean many clients need to consider structures outside of super for the distribution of wealth via their estate plans.

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Superannuation

SMSF exit strategies

We all know SMSFs are the fastest-growing sector of the super industry and this trend is likely to continue.

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Superannuation

Lump sum payments jump: report

The latest industry survey has found a reverse trend occurring in the first quarter of the year, with a spike in the allocation of lump sum payments versus pension payments as a result of the new super changes.

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Superannuation

Best-in-show super funds list welcomed

The Productivity Commission’s draft recommendation for a “best-in-show” shortlist of super funds has been commended as a measure that should help improve the efficiency and performance of the superannuation system.

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