News : Superannuation

Legislation, Regulation, Superannuation

Super objective remains rejected

Objective of superannuation IFPA Natasha Panagis

The objective of superannuation proposed in draft legislation tabled last month has not got Institute of Financial Professionals Australia backing.

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Regulation, Superannuation, Tax

Super funds already differentiated

$3 million soft cap calculation

The reasoning behind the calculation of the proposed tax on the $3 million soft cap is at odds with other aspects of the superannuation system.

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Administration, Retirement, SMSF, Superannuation

Control now of greater importance

SMSF motivation control

The need to have greater control over their superannuation is becoming an increasingly important element motivating individuals to establish an SMSF.

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Compliance, Legislation, Regulation, Superannuation

Super objective scope unclear

Superannuation objective

Draft legislation to enshrine the objective of superannuation into law does not include any guidance as to whether auxiliary measures would need to align with it.

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Business News, Superannuation

Betashares expands into super

Betashares superannuation Bendigo Adelaide Bank

ETF provider Betashares will offer superannuation products after agreeing to purchase the super operations of Bendigo and Adelaide Bank.

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Superannuation

Australians eye early super access

Early access superannuation

A majority of Australians would access their superannuation savings early, primarily to ease the strain of increasing living costs and finance home purchases, if they had the option.

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Retirement, Superannuation

Retirees struggling with complex system

Retirement cost of living financial literacy

Many Australian retirees face difficulties in understanding the retirement system and lack confidence in managing their finances for retirement.

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ATO, NALI/NALE, Superannuation, Tax

Recent rulings give NALE glimpse

ATO NALE private binding rulings

Two private binding rulings issued by the ATO in the past six months have hinted at how the NALE rules for general expenses will be applied.

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Compliance, Contributions, Strategy, Superannuation

Excess contribution refund needs approval

Excess concessional contributions refund

SMSF trustees who exceed their concessional contribution cap limit should wait for the ATO to issue a release authority before seeking a release of the excess funds.

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