News : Superannuation

SMSF performance very strong

April 26, 2023

The latest sector research has confirmed SMSF investment returns were comparable to those of APRA funds for the 2020 and 2021 financial years.

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Superannuation, Tax

FAAA wants soft cap fine-tuned

April 24, 2023

Todd Wills

The FAAA has called for changes to the threshold and calculation method of the newly proposed $3 million soft cap on superannuation.

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ATO, Regulation, Superannuation

Work test anomaly addressed

April 20, 2023

Darin Tyson-Chan

An anomaly that arose from the most recent amendment to the work test has been rectified after the release of a new legislative instrument by the ATO.

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Superannuation

Cohort most affected by soft cap identified

April 20, 2023

Darin Tyson-Chan

The individuals who will feel the greatest impact from the proposed $3 million superannuation soft cap have been identified by industry research.

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SMSF, SMSFA, Superannuation

Soft cap discriminatory to SMSFs

April 19, 2023

Darin Tyson-Chan

The government has been accused of showing bias against SMSFs in its proposal to implement a $3 million soft cap on superannuation members.

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Superannuation

Super gender gap has shrunk in past decade

April 19, 2023

Darin Tyson-Chan

The superannuation gender gap continues to exist, but has shown significant improvement over the past 10 years.

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Superannuation, Tax

New super tax doesn’t promote fairness

April 18, 2023

Darin Tyson-Chan

IFPA has rejected claims the new tax on superannuation balances over $3 million will allow the system to achieve greater fairness and equity.

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Auditing, SMSF, Superannuation, Tax

Alternative soft cap method mooted

April 17, 2023

Darin Tyson-Chan

The SMSF Auditors Association of Australia has suggested a different calculation process be used for the proposed tax on super balances over $3 million.

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SMSF, Superannuation, Tax