News

Experience pathway needs sunset clause

May 8, 2023

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

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ATO, SuperStream

SuperStream solutions pending

May 4, 2023

Darin Tyson-Chan

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

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Superannuation, Tax

Scrap super tax for $10m cap

May 4, 2023

Jason Spits

Rather than introduce a complex tax based on total superannuation balances, the government should put in place a $10 million hard cap for all fund members.

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financial advice, Regulation, SMSFA

Experience plan may have kept more advisers

May 4, 2023

Jason Spits

The experienced adviser pathway should have been offered sooner under the education changes of recent years and may have led to greater retention of advisers.

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financial advice, Retirement

Retirement confidence based on advice action

May 4, 2023

Todd Wills

People confident about retirement have typically taken some form of action to plan for it, such as seeking professional financial advice, a new study has found.

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BDBNs, SMSF

Digital BDBN approval very risky

May 3, 2023

Darin Tyson-Chan

Executing a binding death benefit nomination is legally allowable, but exposes SMSF trustees to a significantly higher level of risk.

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Contributions, SMSFA, Superannuation

SMSFA backs payday super reforms

May 3, 2023

Todd Wills

New reforms requiring employers to pay super on payday will benefit younger Australians using SMSFs and improve compliance within the superannuation system.

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Insurance

Insurance ownership trapping trustees

May 3, 2023

Jason Spits

SMSF trustees who have insured fund assets in their own name will be unlikely to be able to return insurance payments to their fund due to cap limits, an auditor has warned.

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LRBA