News

ESG

VanEck offers new ESG option

May 24, 2022

A new ETF is set to be introduced to the market allowing individuals to invest in carbon credit futures across the world.

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NALI/NALE, Trusts

Unit trusts a NALE risk

May 23, 2022

Darin Tyson-Chan

SMSF investments in unit trusts can create NALE issues if a member of the fund is also a trustee of the unit trust in question.

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Documentation, Technology

E-signature changes not yet practical

May 23, 2022

Jason Spits

Recent changes to allow electronic signing of trust deeds must be accompanied by similar changes to a wide range of SMSF documents to be useful.

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Retirement, Superannuation

Retirement income education campaign needed

May 23, 2022

Jason Spits

The incoming federal government should create an education program around the operation and use of superannuation and retirement income.

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Contributions

Contribution safety nets removed

May 19, 2022

Jason Spits

SMSF trustees will receive minimal guidance and no red flags about voluntary contributions after the removal of the work test.

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ATO

New SMSFs should be prepared for ATO scrutiny

May 19, 2022

Tia Thomas

The ATO has increased the number of random checks it is making on newly registered SMSF trustees and members have been advised to prepare early.

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ATO

SAR won’t update six-member details

May 19, 2022

Tia Thomas

The SMSF annual return will not fulfil a fund’s obligation to inform the ATO of any additional members and updates should be done immediately.

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Estate Planning, Pensions

Multiple pensions an estate planning tool

May 19, 2022

Darin Tyson-Chan

Estate planning and contribution strategies can be contributing factors toward a decision for SMSF members to run multiple pensions within their fund.

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Pensions

Minimum pension cut offers TBC gain

May 18, 2022

Darin Tyson-Chan

Individuals can continue to create transfer balance cap space into the 2023 income year by using the extended reduction in the minimum pension.

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Investments, Superannuation

Asset recognition key in wind-ups

May 18, 2022

Tia Thomas

The complexity and timeframe involved with an SMSF wind-up can be impacted by the types of assets held in the fund and their inherent characteristics.

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