News : Superannuation

Split contributions to lower TSBs

February 20, 2020

Splitting a previous year’s contributions to a spouse is one of a few effective ways of reducing a TSB at 30 June, an SMSF technical expert says.

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Superannuation

SMSFs drive super system change

February 19, 2020

Tharshini Ashokan

The success of the SMSF sector is driving competition within the wider super industry, a senior government minister has said.

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Administration, Superannuation

SuperConcepts reports sharp asset decline

February 13, 2020

Jason Spits

SuperConcepts has reported a sharp fall in assets under administration after a year of restructuring the SMSF administration business.

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Retirement, Superannuation

Actuaries Institute wants broader SG coverage

February 13, 2020

Jason Spits

A call for the super guarantee to include more Australians regardless of their employment situation has been made by the Actuaries Institute in its submission to the Retirement Income Review.

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ATO, Superannuation

ATO death benefit ruling raises questions

February 11, 2020

Jason Spits

A private ruling by the ATO on the timing of a member benefit payment has raised questions about whether it is consistent with tax and super law.

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Superannuation

Impact of contribution change unclear

February 6, 2020

Jason Spits

The government needs to provide more information on its planned change to voluntary contributions after the age of 64 to allow the SMSF sector to factor it into this year’s strategies.

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Retirement, Superannuation

No negative retirement changes

February 4, 2020

Jason Spits

Any changes to the superannuation and retirement saving system should lead to no negative consequences for consumers, according to SISFA.

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Superannuation

Super and natural disasters

January 23, 2020

Meg Heffron

SMSFs may not provide the type and magnitude of financial assistance victims of the recent bushfires are seeking.

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Superannuation

FSC calls for more super choice

January 22, 2020

Tharshini Ashokan

The Financial Service Council has advocated for legislation to be amended so superannuation choice can be extended to all employees.

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Superannuation

IPA notes end of SG anomaly

January 20, 2020

Darin Tyson-Chan

A major accounting body has reminded all superannuation stakeholders that a loophole in the retirement savings system governing the super guarantee levy has been closed.

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