News : Superannuation

Investments, Superannuation

Better returns not a control priority

investment returns

The control SMSF trustees seek in running their own superannuation fund is not entirely about generating better returns than the public offer funds of which they were or are members.

read more
Documentation, Superannuation

Ownership of small gold holdings hard to prove

ownership gold

SMSFs may struggle to prove their ownership small quantities of precious metals and regardless of size need to store them according to super laws.

read more
Regulation, Superannuation

Rule combination a larger fund win

larger SMSFs

One of this year’s budget measures and recently passed legislation could lead to more trustees looking to add adult children to their SMSFs.

read more
Property, Superannuation

SMSF gearing on rise during COVID

SMSF gearing

The COVID-19 pandemic has seen more SMSFs use borrowings to acquire assets.

read more
Superannuation

Six-member fund sign-offs need review

six-member fund

All processes requiring approval by a proportion of SMSF trustees should be reviewed if new members are added to a fund under the new six-member legislation.

read more
Financial Planning, Superannuation

Westpac cops $10.5m best interests penalty

Westpac penalty

A five-year legal battle has ended with Westpac being penalised $10.5 million for providing unlicensed financial advice in relation to superannuation.

read more
Contributions, Superannuation

Compensation will count towards contributions

compensation contribution caps

Super fund members receiving compensation for poor advice will need to assess the circumstances of any payments to ensure they do not exceed their contribution caps.

read more
ATO, Superannuation

SuperStream rollover events clarified

SuperStream rollover events

The ATO has clarified the events under which SMSF trustees must make rollovers using the SuperStream service set to take effect from 1 October.

read more
Retirement, Superannuation

Create incentives to use super in retirement

incentives retirement super

Retirees should be given incentives to use their superannuation savings rather than planning to pass on their money as a bequest.

read more
Superannuation

Purpose of SMSFs align with duty

financial interest SMSFs

SMSFs trustees holding to the core purpose of their fund will meet the new best financial interest duty requirements.

read more

Copyright © SMS Magazine 2025

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.