News : Superannuation

Education, SMSF, Superannuation, TPB

Tax advice deadline shouldn’t be ignored

Financial Advice Association Australia, FAAA, Tax Practitioners Board, TPB, FAAA Roadshow 2025, Phil Anderson,

Financial advisers should acknowledge the year end deadline for education requirements runs concurrently with one governing tax advice.

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ATO, Business News, Death benefits, SMSF, Superannuation

Death pension doubt from TR 2013/5

Tax Ruling 2013/5, TR 2013/5, superannuation, income stream, death benefit pensions, minimum payment, Colonial First State, Craig Day, SMSF Association National Conference 2025, ATO

The update to TR 2013/5 has created uncertainty as to the treatment of a death benefit pension if the required minimum payment has not been met.

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Investments, Superannuation

Early bond exit undoes benefit

beneficiary, investment bonds, withdrawals, BT, Tim Howard, estate planning, 125 per cent rule

Investment bonds can be a useful tool to direct assets to beneficiaries, but accessing them early will heavily reduce any tax advantages they offer.

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Auditing, Legislation, SMSF, Superannuation

Cold-caller operations a concern

SMSF Association, Peter Burgess, 2019 Hayne Royal Commission, Code of Ethics, SMSFs,

The SMSF Association is concerned about the rise in the number of cold-calling operations encouraging people to set up a fund, noting they breach consumer protection laws.

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ATO, Auditing, SMSF, Superannuation

Share registry valuations questionable

SMSF members should not rely on old valuations sourced from a share registry when valuing stocks that will form part of an in-specie contribution.

SMSF members should not rely on old valuations sourced from a share registry when valuing stocks that will form part of an in-specie contribution.

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financial advice, SMSF, Superannuation

Large-fund discontent works for SMSFs

SMSFs and advisers who service them are set to benefit from the growing dissatisfaction members of public offer super funds are openly expressing.

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Financial Planning, Legislation, SMSF, Superannuation

Coercive control an issue for SMSFs

Coercive control, domestic violence, SMSF, SMSFA, Tracey Scotchbrook, Parliamentary Joint Committee, ATO, SMSF Association National Conference 2025,

SMSFs have been identified as a financial structure that perpetrators of domestic violence and coercive control can use to their advantage.

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Contributions, Superannuation, Tax

Contribution can equal forgiven charge

An invoice issued by a trustee to their own SMSF for services but then forgiven can determine the value of the contribution needing to be recorded.

An invoice issued by a trustee to their own SMSF for services but then forgiven can determine the value of the contribution needing to be recorded.

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ATO, Business News, Compliance, SMSF, Superannuation, Tax

ATO releases auditor priorities

The volume and cost of SMSF auditors’ work will be key areas of focus for the ATO in the coming year, with outliers likely to draw attention.

The volume and cost of SMSF auditors’ work will be key areas of focus for the ATO in the coming year, with outliers likely to draw attention.

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Legislation, SMSF, Superannuation

Adviser loses ban appeal

A Melbourne-based adviser, first flagged over dishonest conduct nearly a decade ago, has lost an appeal to have his conviction and imprisonment overturned.

A Melbourne-based adviser, first flagged over dishonest conduct nearly a decade ago, has lost an appeal to have his conviction and imprisonment overturned.

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