News

Contributions

Contribution splitting a slow-burn strategy

spouse contribution splitting

Spouse contribution splitting strategies can be useful for couples, but their impact is not immediate and can take several years to be seen.

read more
Trusts

Tread carefully on overpaid present entitlements

SMSF overpaid present entitlement

SMSFs receiving an overpaid present entitlement must step carefully to prevent it being treated as a borrowing and breaching superannuation law.

read more
Contributions, financial advice

Inflation piquing adviser interest

inflation contributions advisers

The inflationary effect on the superannuation rules and downsizer contributions dominated adviser queries in the final quarter of last year.

read more
Investments

Portfolios reviewed more often

Investment strategy SMSF

An increasing number of SMSF trustees have been found to be reviewing their fund’s investment strategy on a more frequent basis.

read more
ATO

ATO warns against asset protection scheme use

asset protection scheme

The ATO has warned SMSF trustees to avoid using schemes that offer to protect assets within their fund via the use of an external trust.

read more
financial advice

FPA/AFA merger will provide operational shift

FPA AFA merger

The proposed merger between the FPA and AFA will make a significant difference to the service provided to financial advisers.

read more
financial advice

Advice practices focused internally to survive

advice practices improvements

Improvements to the operation of their own business has helped advice practices to survive regulatory change, according to a new survey.

read more
Contributions

ATO discretion now more critical

ATO contributions discretion

The ATO’s limited ability to use its discretion to disregard non-concessional contributions made in error has new found significance.

read more
Property

Future value of property needs disclosure

SMSF future value

SMSFs purchasing property earmarked for development should have it valued for its future worth to prevent breaching acquisitions valuation rules.

read more
LRBA

LRBA warnings still valid

LRBAs risks

Financial advisers should still warn clients about the risks of LRBAs despite a recent report stating they were relatively safe.

read more

Copyright © SMS Magazine 2024

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.