News

financial advice, Investments

SMSF share traders favour advice

SMSF share advice

SMSF trustees receiving professional advice dominated the newly created accounts with share trading platform Ausiex in 2022.

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Accounting

Earnings tax guidance reveals unknowns

super earnings tax guidance

Government guidance on its proposed superannuation earnings tax has raised questions about events that push people into the new tax threshold

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Superannuation, Tax

No comfort from deeming rate

Deeming rate

Using a deeming rate to calculate the proposed 30 per cent charge on super balances over $3 million may not generate a better outcome for individuals.

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financial advice, Retirement

Categorising clients can cut sequencing risk

Sequencing risk

Knowing how to categorise retiree clients can significantly assist advisers in implementing strategies for them to diminish sequencing risk.

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Investments

SMSFA supports MIS review

MIS review

The SMSF Association has welcomed the government’s announcement a review into the regulatory framework for MIS will be performed this year.

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NALI/NALE

Error in NALE consultation paper

The consultation paper issued recently regarding non-arm’s-length expenditure contains a fundamental flaw in one of the examples it provides.

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Superannuation, Tax

Reserves captured by earnings tax

reserves earnings tax

SMSFs with reserves will probably not be able to use them to pay the proposed higher earnings tax but have them allocated to members to assess the tax.

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Death benefits

EPOA can’t sidestep member benefit issue

EPOA member benefit

The use of an enduring power of attorney will not allow a member benefit to be paid after death and may not be in the best interests of the member.

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Investments

MIS regulatory framework to be appraised

MIS review

After being introduced over 20 years ago, the regulatory framework for managed investment schemes will be reviewed this year.

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Superannuation

New policy hints at super objective

superannuation policies

While the government’s proposed objective for superannuation is still under consultation, new policies provide some of the detail as to how it will meet that objective.

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