News : Superannuation

Class launches auditor matching tool

July 12, 2021

Class has launched a facility to link SMSF accountants with third-party auditors to allow them to meet independence guidelines.

read more

ATO, Superannuation

SuperStream start date fixed

July 8, 2021

Tia Thomas

SMSF trustees and planners are being advised to prepare for the SuperStream rollover changes with the ATO stating the 1 October start date will not be moved.

read more

Superannuation

Six-member fund decision political

July 7, 2021

Darin Tyson-Chan

The recent passing of superannuation legislation allowing six-member SMSFs was driven by political motives.

read more

Auditing, Superannuation

Better audit efficiency achievable

July 6, 2021

Darin Tyson-Chan

The efficiency of the year-end audit can be improved if SMSF accountants place more importance on one aspect of their interaction with a fund’s auditor.

read more

Regulation, Superannuation

Six-member time frame will create delays

July 6, 2021

Tia Thomas

Trustees are advised to wait before registering new members as many institutions are not ready for the introduction of six-member SMSFs.

read more

ATO, Superannuation

ATO offers interim six-member solution

July 1, 2021

Tia Thomas

The ATO has been forced to introduce a temporary registration system for six-member funds and has advised SMSFs to expect potential delays when registering.

read more

Strategy, Superannuation

Trust deed must include certain items

July 1, 2021

Darin Tyson-Chan

An SMSF trust deed must have a series of non-negotiable items in it, such as rules allowing the use of a contribution suspense account.

read more

Pensions, Superannuation

Drawdown relief for all pensions

June 30, 2021

Darin Tyson-Chan

The reduced minimum pension that will now apply for the 2022 financial year is not restricted to account-based pensions.

read more

Retirement, Superannuation

Intergen Report positive for SMSFs

June 29, 2021

Darin Tyson-Chan

The findings of the 2021 Intergenerational Report are very positive sign of the future for the SMSF sector for the coming decades.

read more

Retirement, Superannuation

Retiree group applauds super legislation

June 29, 2021

Darin Tyson-Chan

The Your Future, Your Super legislation has been endorsed by the Association of Independent Retirees for the performance and efficiency gains it will produce.

read more