News : Superannuation

Pensions, Retirement, Superannuation

Review queries retirement system understanding

retirement system purpose

The Retirement Income Review has raised the issue of whether consumers understand the end purpose of the retirement system and if more needs to be done to make it clearer.

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Superannuation

Thought leadership line up confirmed

SMSF Association conference

The thought leadership panel that will commence the SMSF Association 2020 National Conference has been announced.

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Retirement, Superannuation

Compulsory superannuation necessity questioned

Compulsory superannuation

The review of the retirement income system should assess whether compulsory superannuation is still necessary, an industry consultant says.

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Investments, Superannuation

SMSFs look beyond mainstream allocations

SMSF international alternative

The low interest rate environment is driving SMSF investors into offshore and alternative assets in greater numbers compared to their retail superannuation peers.

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Retirement, Superannuation

SMSF Party renews calls for supporters

SMSF Party Grant Abbott

The SMSF Party has called for supporters to formally sign up so its registration can proceed within the next few weeks.

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ATO, Superannuation, Tax

TBC indexation may take place in 2020

TBC indexation

The ATO has told trustees the expected indexation of the general TBC could occur as early as mid-2020.

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Superannuation, Tax

Review should examine super tax concessions

retirement tax concessions superannuation

The retirement income review should consider if tax concessions for superannuation are ultimately being used to fund housing in retirement.

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ATO, Superannuation

NALE may be proving ground for legal challenges

SMSF trustees need to take into account certain legislative and regulatory changes that will come into effect from 1 July 2021.

The recent focus on non-arm’s-length expenditure (NALE) by regulators may be a move to prevent any legal challenges in that area if the matter is brought to court.

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Pensions, Superannuation

Resolutions or agreements on death not binding

Pension resolutions agreements

A specialist lawyer has warned instructions as to the treatment of an existing pension upon a member’s death may not be legally binding if made via a resolution or a contractual agreement.

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Superannuation

Action needed on Division 7A loans

Division 7A loans SMSFs

Despite changes to Division 7A loans not starting until mid-2020, SMSFs should aim to pay them off rather than be saddled with a more restrictive regime.

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