News

Insurance, Pensions, SMSF, Tax

Insurance benefits limited by pensions

Insurance SMSF Income stream Pension

Certain retirement income streams can limit SMSFs from claiming the full range of tax benefits available on their insurance policies.

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Superannuation

Allow leverage inside super

Leverage Superannuation funds Debt

The debt leveraging that has boosted the residential property market should be allowed inside superannuation to further grow member balances.

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ATO, Compliance, Investments, SMSF

Unchanged asset values on notice

SMSF annual return Asset values Auditors ATO Contravention reports

The ATO will be paying particular attention to SMSFs that continue to report unchanged asset values and will be focusing on annual returns to be lodged later this year.

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Downsizer, Retirement, Superannuation

Lifestyles stifle downsizer use

Downsizer contribution Superannuation Retirees HLB Mann Judd Sydney Jonathan Philpot Michael Hutton

Lifestyle considerations are playing a significant part in retirees’ willingness to invoke the downsizer contribution provisions.

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Retirement, Superannuation

Renting retirees shows need for super

Vanguard Australia Daniel Shrimski Retirement Renting Mortgage Superannuation

The role of superannuation in building wealth for retirement has been highlighted again by new research showing a third of retirees finish work without fully owning their home.

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Crypto Assets, Investments

VanEck unveils Australia’s first bitcoin ETF

VanEck bitcoin ETF exchange-traded fund Australian Securities Exchange ASX Arian Neiron

ETF manager VanEck is set to launch Australia’s first bitcoin ETF on the ASX, providing investors with exposure to the world’s most popular cryptocurrency.

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Pensions

Missed pension exemption unfair to couples

SMSF Minimum pension payment shortfall ATO exemption Concession Graeme Colley

An ATO concession allowing a missed pension payment to be made later without impacting the income stream is limited in its usage and unfair to couples who make the mistake together.

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Administration, ATO, Compliance, Regulation, SMSF

Active member test hinges on contributions

Active member test Contribution SMSF Residency ATO PBR

An SMSF can still meet the active member test if a trustee leaves Australia for an extended period, but the fund’s complying status will depend on contributions made during that time.

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ETFs, Investments

BlackRock launches Aust Government Bond ETF

Blackrock Australia ETF iShares 15+ Year Australian Government Bond ETF

BlackRock has added a new government bond ETF to its product range, pushing the total number of funds available in Australia past 50.

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