News : Superannuation

ATO, Superannuation

SMSF establishment balances jump

SMSF establishment balances have increased says the ATO

More SMSFs are being established around the $500,000 mark, meeting the Productivity Commission’s suggested benchmark made earlier this year.

read more
Superannuation, Tax

Labor tax changes go beyond ‘wealthy’ retirees

Image of target to illustrate Labor party election policies aimed at retirees

Retirees incorrectly labelled as wealthy have been targeted to generate a third of Labor’s election policy costings.

read more
Regulation, Superannuation

Super policies result in unstable future

Super fund members are not being offered stability by either major political party despite past calls for more certainty in the sector.

read more
Superannuation

Industry funds to pick up $20b from SMSFs

An investment manager has predicted SMSFs are likely to shift $20 billion into large public offer super funds in response to Labor’s proposed franking credit policy.

read more
Superannuation, Tax

Franking credit policy should be for all superannuation funds

Any changes to franking credit policy should be applied at an individual level across all superannuation funds if it is to be non-discriminatory.

read more
ATO, Superannuation

ATO outlines SMSF implications of super reforms

The ATO has identified the SMSF implications of the Protecting Your Super reforms that will come into effect from 1 July 2019.

read more
Superannuation, Tax

Election highlights contrast in super policies

Long held and distinct ideological positions are being presented in the superannuation and tax policies of the two major political parties.

read more
Strategy, Superannuation

Fund balance questions overlook pooling advantage

Small wooden figures illustrating a pool of people and fund balances in an SMSF

Concerns about member balances in SMSFs overlook the fact many funds are set up with multiple members boosting the fund balance, according to Class Super.

read more
Estate Planning, Superannuation

Court rules on injured child BDBN

A recent court ruling conferred power to an incapacitated child’s mother, authorising her to implement a binding death benefit nomination with regard to the child’s superannuation benefits.

read more
Superannuation, Tax

Franking credits feature in first election debate

Tax refund, SMSF, franking credit,

The Prime Minister and opposition leader traded barbs over franking credits but neither gave ground on the issue during the first televised election debate.

read more

Copyright © SMS Magazine 2024

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.