News : Superannuation

Superannuation

Early release widening gender super gap

early release gender gap

Analysis of early release super applications shows the relief measure is having a heavier impact on the superannuation balances of women than those of men.

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Financial Planning, Superannuation

COVID-19 changes challenge trustees, advisers

COVID-19 changes trustees

COVID-19-related legislative change has become an area of added concern for SMSF trustees and advisers, who have increased their requests for expert assistance.

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Property, Superannuation

Step carefully before offering rent relief options

SMSF landlords rent relief

SMSF landlords should consider the options available to them before determining rent relief granted to related tenants, SISFA says.

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Compliance, Superannuation

TPB targets tax agents for SAN misuse

TPB SAN misuse

The Tax Practitioners Board (TPB) is reviewing 74 registered tax practitioners believed to have provided false information to the ATO.

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Strategy, Superannuation

Year-end review critical in 2020

SMSF strategies

The importance of reviewing SMSF strategies in the lead-up to the close of the 2020 financial year has taken on new significance due to the COVID-19 economic impact, a mid-tier accounting firm director has said.

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Regulation, Superannuation

Delaying NCC action could bring rewards

bring forward contribution

Members who are eligible but wary about exercising the non-concessional contribution bring-forward provision this year could be rewarded for their patience.

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Auditing, Financial Planning, Superannuation

Auditors on early access notice

auditors early access

Auditors have been called upon to report attempts to rort the early access scheme, while advisers have been warned not to promote services that provide access.

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Superannuation

SISFA recalibrates trustee offering

SISFA trustees membership

The Self-managed Independent Superannuation Funds Association (SISFA) has enhanced its membership offering for SMSF trustees and will add more services.

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ATO, Superannuation

Super payment delays likely due to SMSF issues

early access SMSF

SMSFs unable to secure early access to their funds are likely to have issues within their funds including outstanding returns, according to the ATO.

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Superannuation, Tax

Early release tax treatment unique

Early release tax

Advisers and tax agents need to consider the different tax treatment regarding early release superannuation lump sum payments under the coronavirus economic relief measures, a technical expert has said.

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