News

Superannuation

Super balance cap opposed again

superannuation balance cap

The possibility of the Labor government introducing a cap on superannuation asset balances has again been criticised by the SMSF Association.

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Documentation

Director ID rules unforgiving

Director ID corporate trustee

The requirement for directors of an SMSF corporate trustee to obtain a director ID number can exist even if the super fund has been wound-up.

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Investments

Franking credits change a broken promise

franking credits election promise

Changes to franking credits would be a broken election promise and show the government doesn’t understand their purpose in generating income.

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Retirement

Retirement satisfaction takes a dive

retirement satisfaction

Many retirees are not satisfied with their current circumstances while pre-retirees report they are not prepared for the end of their working lives.

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ETFs

JP Morgan releases active ETFs

JP Morgan ETFs

JP Morgan Asset Management has released its first exchange-traded fund products into the Australian market with two active ETFs available on the ASX.

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LRBA

LRBA risks exist at individual level

LRBA risks

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

NFT sole purpose test

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

superannuation tax change

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

retirees income products

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

LRBAs risk

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

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