News

Investments

Franked dividend policy misses target

franking credits

The government policy to prevent company share buybacks from including franked dividends will not impact the parties Treasury has targeted.

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SMSF, Tax

Soft cap has member death impact

SMSF member death

The proposed 30 per cent tax on super balances above $3 million would continue to have an effect even after an SMSF member passes away.

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ASIC, Auditing

More ASIC auditor fee action needed

SMSF auditors fee

The fee auditors are charged for cancelling their ASIC registration is set to be reduced, but the SMSF Association wants more to be done.

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Pensions

TBC change offers pension fix opportunity

TBC pensions

The indexation of the transfer balance cap may create an opportunity for SMSF members to restructure pensions to reduce tax paid on those income streams.

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Superannuation

The difference a consultation paper makes

superannuation objective

The government’s proposed objective of superannuation has a number of problems and issues that need to be worked through before it can be legislated.

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Contributions, Superannuation

Stopping TBC indexation a bold move

indexation general TBC

Preventing the indexation of the general TBC would be considered a very bold government initiative and contrary to the intent of the original policy.

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Superannuation, Tax

Super tax method inconsistent with policy aims

Superannuation tax

The government’s planned move to add a higher tax on superannuation earnings is inconsistent with claims the new tax would be an equitable measure.

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Investments

SMSF share trading down in 2022

SMSF share trading

SMSF trustees took a more cautious approach to their 2022 share trading activity in response to more difficult pervading market conditions.

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ETFs

Social good income ETF launched

Janus Henderson income ETF

Janus Henderson Investors has launched a fixed income ETF focused on companies working towards making social and environmental changes.

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Superannuation, Tax

Immediate super exits not needed

superannuation tax exit

Immediate withdrawal of monies from SMSFs to ensure member balances are below $3 million to avoid the proposed new tax is unnecessary.

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