News : Superannuation

ATO, Superannuation

ATO aids contributions cap compliance

The regulator will assist practitioners and their SMSF clients in complying with the new non-concessional contributions cap rules.

read more
ATO, Superannuation

Class finds holes in final PC report

Class has expressed concerns its research findings around SMSF returns are not fully reflected in the final Productivity Commission report.

read more
Regulation, Superannuation

ALP policy has potential economic consequences

The proposed changes to the franking credit rules could result in SMSF investors choosing debt for capital formation instead of equities, potentially threatening the Australian economy.

read more
Regulation, Retirement, Superannuation

Franking credit proposal fails policy test

Labor’s imputation refund proposal fails the public policy test on four grounds and will drive investors on to welfare, retirees have heard.

read more
Regulation, Superannuation

SMSFA flags three likely royal commission outcomes

The Royal Commission can result in three possible outcomes, each causing different levels of disruption, the SMSF Association believes.

read more
Investments, Regulation, Superannuation

Revised PC SMSF threshold remains misleading

The SMSF industry has welcomed the Productivity Commission’s revised minimum viability threshold for SMSFs to $500,000, but one firm has warned it is still misleadingly high as a cost-effective measurement.

read more
Regulation, Retirement, Superannuation

Petition launched to fight franking credit changes

An online action group has joined the push against plans by the federal opposition to remove refundable dividend imputation credits for self-funded retirees, claiming the proposed move punishes people who have heeded calls to save for their own retirement.

read more
ATO, Superannuation

ATO issues LCRs relating to legal amendments

The ATO today published two new law companion rulings (LCR) on its legal database addressing legislative amendments currently being considered by the federal parliament.

read more
Accounting, Retirement, Superannuation

Work test rules intricacies require attention

It is vital for advisers and accountants to be cognisant of the interplay between the bring-forward rules, work test exemption and downsizer contributions, an SMSF expert has said.

read more
ASIC, Superannuation

AFSL cancelled for conflicts of interest

The Australian Securities and Investments Commission (ASIC) has cancelled the Australian financial services licence (AFSL) of Evermore Money Management for failing to comply with several licensee obligations and manage conflicts of interest.

read more

Copyright © SMS Magazine 2024

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.