News

Accounting, Trusts

Unit trusts need expert accounting

unit trusts accounting

SMSF trustees investing in vehicles such as pre-1999 unit trusts need to ensure they receive specialist accounting services to avoid poor outcomes.

read more
Compliance, Regulation

TBAR change to compress reporting dates

TBAR annually reported

The shift to quarterly transfer balance account reporting will compress a number of annual reporting dates into a single day not related to a fund’s annual return lodgement.

read more
Superannuation

Super marked to play a regional role

superannuation regional role

The $3.4 trillion accumulated in superannuation accounts across the country is set to play a role in funding initiatives in the Asia-Pacific region.

read more
Financial Planning

FPA adopts principles-based conduct code

FPA principles conduct code

The FPA has reworked its code of conduct, dropping thousands of words and adopting a principles-based model rather than lengthy rules.

read more
Annuity

Challenger offers new annuity rate

Challenger annuity rate

Challenger has released a new guaranteed fixed term annuity rate reflecting a 3 per cent increase for retirees over the past 12 months.

read more
Accounting

Listed access to Nasdaq-100 imminent

betashares Nasdaq

A listed managed fund is set to be launched this month giving investors access to the Nasdaq-100 index but with a reduced level of volatility.

read more
NALI/NALE

Unit trust intricacy a NALI issue

Unit trust NALI

SMSF investments in fixed unit trusts may not be able to avoid the non-arm’s-length income provisions due to the underlying assets involved.

read more
ATO

New year establishment backlog

SMSF establishments 2023

The processing of applications to establish SMSFs at the start of the 2023 income year is taking significantly longer than usual.

read more
Contributions

Recontribution strategies good for pensioners

Recontribution SMSF pension

SMSF members drawing a pension can still use recontribution strategies to reduce tax within their fund and for future beneficiaries.

read more
Pensions, Regulation

SMSFA outlines key changes for govt

SMSFA budget submission

A legacy pension amnesty and extension of the temporary absence rule are critical measures the government should introduce. 

read more

Copyright © SMS Magazine 2024

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.