News : Superannuation

SMSF, SMSFA, Superannuation, Tax

Govt’s Div 296 focus short-sighted

SMSF Self-managed superannuation Division 296 tax SMSF Association Peter Burgess unrealised capital gains early-stage funding

The government’s focus on the impact of the Division 296 tax on a small number of superannuants is short-sighted and overlooks the investments those people make in business and companies.

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financial advice, Financial Planning, Superannuation

Super objective unlikely to affect advice

Objective of superannuation, Delivering Better, Financial Outcomes, Financial advice, BT, Bryan Ashenden

The high-level nature of the objective of super is unlikely to impact advisers or even be reflected in the second round of the Delivering Better Financial Outcomes changes.

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financial advice, Retirement, Superannuation

Retirees overpaying taxes

Retirement, Super Members Council, SMC, Misha Schubert, tax, retirement, research

Many pensioners are not moving from accumulation to retirement phase with their superannuation, resulting in them paying higher taxation on their savings.

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Superannuation, Tax

SMSFA provides Div 296 bill update

Division 296 tax SMSF Association Peter Burgess Unrealised capital gains SMSF Self-managed superannuation

The SMSF Association has informed members about the status of the Division 296 tax bill and its views as to what might happen in the coming months.

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ATO, Business News, Investments, SMSF, Superannuation

Investment strategy approach getting better

The importance accountants and advisers are placing on the SMSF investment strategy and the associated ongoing compliance obligations has improved.

The importance accountants and advisers are placing on the SMSF investment strategy and the associated ongoing compliance obligations has improved.

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ATO, financial advice, Regulation, SMSF, Superannuation, Tax

CSLR flaws again highlighted

The FAAA has used its latest submission to the Senate Economics Committee to renew its criticism of how the CSLR has been implemented.

The FAAA has used its latest submission to the Senate Economics Committee to renew its criticism of how the CSLR has been implemented.

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Business News, Legislation, SMSF, Superannuation

Early super release review possible

The recent spike in the early release of super benefits on compassionate grounds could lead to a revision of these rules in the near future.

The recent spike in the early release of super benefits on compassionate grounds could lead to a revision of these rules in the near future.

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financial advice, NALI/NALE, SMSF, Superannuation, Tax

Recurrent NALE terminology clarified

The ATO has revised its definition of NALE that occurs in one income year but not the next as part of its new guidance on how it will administer the NALI regime.

The ATO has revised its definition of NALE that occurs in one income year but not the next as part of its new guidance on how it will administer the NALI regime.

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Administration, Business News, Legislation, SMSF, Superannuation

Call made to stop super tampering 

A pre-election report has called on the future government to reform the tax system as a whole rather than just the superannuation component.

A pre-election report has called on the future government to reform the tax system as a whole rather than just the superannuation component.

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ATO, Pensions, SMSF, Superannuation, Tax, Trusts

Pension phase negates fee deductions

An SMSF with only a pension phase interest is unlikely to be able to claim a tax deduction for an accounting fee charged to the fund.

An SMSF with only a pension phase interest is unlikely to be able to claim a tax deduction for an accounting fee charged to the fund.

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