News : Superannuation

Building super now a priority

June 15, 2020

Queries about superannuation contribution strategies dominated calls to AMP advisers in May overtaking calls about COVID-19 financial relief.

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ATO, Superannuation, Tax

SMSFA surveys members on ASIC relief impact

June 10, 2020

Tharshini Ashokan

The SMSF Association has asked its members for feedback on relief measures provided by ASIC in response to the coronavirus pandemic.

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Superannuation

SMSFs soft target for relief cash

June 4, 2020

Jason Spits

SMSFs and self-funded retirees are soft targets for tax increases designed to replenish government funds spent on COVID-19 relief.

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ATO, Superannuation

ATO tells SMSFs to ignore off-target letters

June 4, 2020

Jason Spits

SMSFs that have received a letter requiring them to report claims for a contribution deduction should ignore them as they do not apply.

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Superannuation

FSC calls for one-off super boost

June 3, 2020

Jason Spits

The Financial Services Council has called for a special contributions regime for super fund members impacted by COVID-19.

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Regulation, Superannuation

Work test changes to start on 1 July

June 1, 2020

Jason Spits

Changes lifting the ages for the work test and spouse contributions will begin from 1 July 2020 after enabling regulations were registered late last week.

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Superannuation

Early release widening gender super gap

June 1, 2020

Tharshini Ashokan

Analysis of early release super applications shows the relief measure is having a heavier impact on the superannuation balances of women than those of men.

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Financial Planning, Superannuation

COVID-19 changes challenge trustees, advisers

May 28, 2020

Jason Spits

COVID-19-related legislative change has become an area of added concern for SMSF trustees and advisers, who have increased their requests for expert assistance.

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Property, Superannuation