News

LRBA

LRBA risks exist at individual level

November 9, 2022

LRBAs don’t pose risks to the super system but issues may arise at the individual SMSF level due to high assets concentrations via borrowings.

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Crypto Assets

Sole purpose test issue with NFTs

November 9, 2022

Darin Tyson-Chan

An investment by an SMSF in a non-fungible token may not be able to satisfy the sole purpose test for a variety of reasons.

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Superannuation

Super tax change will promote system equity

November 9, 2022

Darin Tyson-Chan

It has been claimed the current superannuation tax concessions require amending as they do not enable equity in the retirement savings system.

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Retirement

Pre-retirees unaware of income options

November 9, 2022

Jason Spits

Pre-retirees are growing more concerned their savings will not fully fund their retirement, but are unaware of what income products their super funds offer.

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LRBA

LRBAs judged to be low risk

November 8, 2022

Jason Spits

A group of government regulators has found LRBAs do not pose any significant risk to the superannuation sector.

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Superannuation

Super tax concessions to be reviewed

November 8, 2022

Darin Tyson-Chan

The new Labor government has confirmed a review of the tax concessions contained within the superannuation system is one of its policy objectives.

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Compliance

Don’t hide illegal access as SMSF loan

November 8, 2022

Jason Spits

SMSF members should not disguise illegal early access as a loan from the fund as it is easy to spot as false, but should openly declare the mistake to the ATO.

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financial advice, SuperStream