News : Superannuation

Pensions, Retirement, Superannuation

Poll indicates strong support for raising SG

superannuation; age pension; retirement

The majority of Australians are supportive of raising the rate of compulsory superannuation and believe the age pension alone will not meet their retirement needs.

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Administration, Superannuation

Regular processing crucial to SMSF compliance

SMSF administrators should consider processing funds on a monthly or quarterly basis in order to ensure better fund compliance with ATO requirements.

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Pensions, Superannuation

Overdue super and pensions review welcomed

Calls by the Treasurer for a review of the retirement income system have been welcomed, but such a probe has been labelled as overdue.

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Property, Superannuation

Super contributions better option than negative gearing

Concessional contributions into super are lower risk than negative gearing into property, despite many investors favouring the latter strategy.

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Superannuation

SMSF assets approach $750b mark

SMSF assets grew by 4.5 per cent in the year to the March quarter, coming close to hitting $750 billion, according to the latest APRA statistics.

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ATO, Superannuation

ATO protects $45m of super this year

SMSF; review; industry fund

In the current financial year, the ATO has protected $45 million in superannuation benefits due to its compliance and enforcement activities.

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Appointments, Superannuation

New super minister adds sector experience to role

The second Morrison ministry will feature a new face with 20 years’ experience in the financial services arena to oversee the superannuation sector.

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Regulation, Superannuation

SMSF changes must be aligned to super objective

Further changes to SMSFs need to be assessed against the objective of superannuation to avoid further instability being added to the sector.

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Retirement, Superannuation

Retirement strategy an advice value-add

An SMSF strategist has labelled making use of the retirement provisions in the Superannuation Industry (Supervision) Act a very important strategic element of an adviser’s value proposition.

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LRBA, Superannuation, Tax

Election puts SMSF measures back on govt agenda

Green tick in box labelled yes

The coalition’s election win is likely to result in a number of stalled superannuation and SMSF measures being reintroduced into parliament within weeks.

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