News : Superannuation

Education, Retirement, SMSF, Superannuation

Downsizer not sole home sale benefit

Smarter SMSF, education, SuperGuardian,Tim Miller, 

SMSF members who can make downsizer contributions before retirement can use those funds in more than one way apart from a lump sum addition to super.

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Accounting, financial advice, SMSF, Superannuation

Added endorsement for financial abuse move

Financial abuse, superannuation.,

The country’s two peak accounting bodies have applauded the government’s commitment to restrict any monetary gains of financial abuse perpetrators.

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Business News, financial advice, Legislation, SMSF, Superannuation

FAAA launches election hub

Financial Advice Association Australia, FAAA, Sarah Abood, Labor, Liberal, election

The FAAA has established an election hub for advisers to provide insight into how their local candidates stand on issues related to key financial advice reforms.

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ATO, SMSF, Superannuation, Tax

Tax agents must review SMSF skills

ATO, The Auditors Institute, Deloitte, SMSF, Liz Westover,

Tax agents who do small numbers of SMSF returns may want to reconsider if they have retained the skills and experience to continue this work.

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Death benefits, SMSF, Superannuation

Family violence super changes endorsed

The government’s vow to prevent perpetrators of family violence from profiting from a victim’s superannuation has been applauded.

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Superannuation

Canberra to address financial abuse

The SMSF Association is anticipating a new parliamentary measure to address the issue of financial abuse after the coming federal election.

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financial advice, SMSF, Superannuation

TSB key to contribution decisions

total super balance, TSB, SuperGuardian, Tim Miller,

The size of someone’s total super balance will be the first factor in determining whether they can deploy a contribution strategy and may limit the options open to them.

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ATO, Regulation, SMSF, Superannuation

Payday super tweak needed for SMSFs

Institute of Financial Professionals Australia, IFP, Natasha Panagis, ATO, payday superannuation payments, Treasury,

Consideration will need to be given to the status of SMSFs under any payday super regime to ensure employer contributions can go to a fund that is temporarily unable to receive them.

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ATO, NALI/NALE, Regulation, SMSF, Superannuation

No ATO guidance to define breaches

Illegal early access, ATO, SMSF Association National Conference 2025, Emma Rosenzweig, NALI, non-arms-length income,

The ATO has stipulated illegal early access of super benefits and SMSF loans to members do not warrant guidance as both are compliance breaches.

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Accounting, Regulation, SMSF, Superannuation

Opposition advice commitment welcomed

Compensation Scheme of Last Resort, CSLR, FAAA, Sara Abood, CAANZ, Chartered Accountants Australia and New Zealand, Labor,

Opposition plans to reduce the cost of the Compensation Scheme of Last Resort and rebuild the advice sector have been welcomed by advice bodies.

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