News

SMSF, Superannuation, Tax

Soft cap could mean loss of assets

$3 million superannuation tax

Scenarios illustrating the egregious nature of the proposed $3 million soft cap on the super balances of individuals are beginning to surface.

read more
Retirement, Superannuation

Indexation most pertinent for initial pension

indexation TBC

The timing of pension commencement in the context of TBC indexation will be most relevant for members establishing their initial income stream.

read more
Superannuation, Technology

SuperConcepts adds open banking service

SuperConcepts open banking

SuperConcepts has announced a partnership with SISS Data Services to provide open banking services to its clients.

read more
Education, Superannuation

Accurium to provide stockbroker super training

Accurium SIAA training

The Stockbrokers and Investment Advisers Association has joined with Accurium to provide super-related training to its members.

read more
AFCA, Appointments

AFCA names new advice ombudsman

AFCA advice ombudsman

The Australian Financial Complaints Authority has appointed a former adviser and lawyer as lead ombudsman for investments and advice.

read more
ASIC, Compliance

ASIC targeting company compliance

SMSF corporate trustees compliance

Increased scrutiny is being applied to the compliance activities of SMSF corporate trustees by ASIC.

read more
ATO, Compliance

Trustees warned on excess NCC release

Excess non-concessional release

SMSF trustees have been advised that any excess non-concessional contributions must be released to the ATO and not fund members and not doing so is a compliance breach.

read more
Regulation, SMSF

Expert status will bring heavy penalties

SMSF practitioners regulators

SMSF practitioners have been presented with a case study of what they can expect from the regulators if they intentionally breach the law.

read more
Education, financial advice

Experience pathway needs sunset clause

Experienced adviser pathway FAAA

The FAAA will support the experienced adviser pathway proposal if it includes a sunset clause and a code of ethics education requirement.

read more
ATO, SuperStream

SuperStream solutions pending

SuperStream

A solution could soon be made available by the ATO for common problems SMSF trustees are experiencing when using SuperStream for fund rollovers.

read more

Copyright © SMS Magazine 2024

ABN 43 564 725 109

Benchmark Media

Site design Red Cloud Digital