News : Superannuation

Super key concern for advisers

November 28, 2023

Superannuation is a key area of interest for advisers, with one network reporting a quarter of its technical inquiries have related to different facets of the subject.

read more

ATO, Superannuation

No compassionate release shortcut

SMSF accessing superannuation compassionate grounds ATO guidance

November 16, 2023

Jason Spits

New guidance on accessing superannuation on compassionate grounds has been released by the ATO, which has noted SMSFs must still follow a specific process for early release.

read more

Legislation, Superannuation

Super objective bill enters parliament

objective of superannuation bill Superannuation (Objective) Bill 2023

November 16, 2023

Jason Spits

The bill to enshrine the objective of superannuation has entered parliament, with the central wording unchanged since first proposed earlier this year.

read more

Legislation, SMSF, Superannuation

Govt has taken sides in super wars

NALE $3 million superannuation earnings tax Angus Taylor

November 15, 2023

Jason Spits

The government’s legislative agenda has reignited the superannuation wars and clearly shows it has sided against the SMSF sector.

Use payday super to fix SG payments

Superannuation guarantee charge Payday super

November 14, 2023

Jason Spits

The introduction of payday super would be an opportune time to address and repair problems with the current superannuation guarantee payment system.

read more

ATO, SMSF, Superannuation

Illegal access leads ATO concerns

ATO SMSF illegal early access compliance

November 13, 2023

Jason Spits

The ATO has flagged illegal early access as the leading area of compliance it is working on, noting an increase in funds appearing to break the rules.

read more

ATO, Superannuation

ATO tracking early access damage

November 9, 2023

Jason Spits

The ATO has commenced a new program tracking the impact of illegal early access from SMSFs in an effort to identify those most likely to engage in the practice.

read more

financial advice, Superannuation

Super awareness high, but advice needed

superannuation awareness financial advice MLC

November 8, 2023

Jason Spits

Australians are generally aware of the role of superannuation, with some making additional contributions, but still want help to deal with unexpected change.