News : Superannuation

Superannuation

Attacks on SMSFs ignore behavioural fundamentals

An online investment marketplace provider has stated the appeal of SMSFs to fundamental elements of human behaviour is being ignored in the arguments against them.

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Superannuation, Tax

Franking credit removal will create two SMSF classes

The removal of franking credit refunds will divide SMSFs into two classes based on which funds are able to continue to claim them into the future.

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Retirement, Superannuation

ASFA calls for SG rise from this year onward

ASFA has called for the SG rate to begin moving to 12 per cent after this year’s budget if there are indications of a future surplus.

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Superannuation

Senate Committee divided on bill to lift SMSF member limit

A proposal to allow SMSFs to have six members has received support from a Senate committee despite calls from its ALP members to block the move.

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LRBA, Superannuation

SMSFA suggests better LRBA risk reduction solution

The banning of limited recourse borrowing arrangements will not be needed if certain other measures are implemented to lessen the risks involved with this type of gearing, according to the SMSF Association.

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ATO, LRBA, Superannuation

Low balances, one-stop-stops still LRBA concerns

The ATO remains concerned about low balance SMSFs using LRBAs and the provision of advice related to the arrangements.

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Superannuation

Industry funds coming after SMSFs

Predictions the SMSF sector will experience an increasing number of attacks from industry funds have continued.

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LRBA, Superannuation

LRBAs not creating systemic risk

The use of LRBAs was not creating systemic risk in the superannuation or financial system according to research conducted by the ATO and Council of Financial Regulators.

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Accounting, Superannuation

Value of services misaligned between accountants, clients

Accountants and their clients are likely to have different views on what services are useful and therefore worth paying for.

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Education, Superannuation

SMSF Association revamps trustee education website

The need for greater trustee education has led the SMSF Association to relaunch its consumer-oriented website.

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