News

Superannuation

Super gender gap smallest in a decade

superannuation gender gap

The gender gap in superannuation has narrowed further, but is still 20 years from being closed.

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Investments

OpenInvest signs third trading firm partnership

OpenInvest Market Matters

OpenInvest will partner with a Sydney trading firm in the rollout of online portfolios for retail investors.

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Pensions

Tax promise should include reserves

pension reserves tax

An election promise of no new taxes on superannuation may lead to legacy pension reserves being untaxed when commuted under a proposed amnesty.

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Contributions

Downsizer popularity continues

downsizer superannuation contributions

Many older Australians are taking advantage of the downsizer contribution provisions to allocate more money to their superannuation funds.

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Residential Property, Superannuation

FPA questions government’s housing proposal

superannuation home purchase

The FPA has questioned how the government’s super for home purchases election promise will interact with the superannuation system.

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Contributions

Contribution reserve notification can be delayed

reserved contribution

SMSF members have been reminded there is a difference in the time a contribution reserve can be made and the lodging of the documentation for that contribution.

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Contributions, Superannuation

Super access for homes promised

superannuation first home

A re-elected Morrison government will grant access to superannuation to buy a first home and will further reduce the eligibility age to make downsizer contributions.

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Superannuation

Mixed opinions on super election initiatives

superannuation government

Potential negative repercussions could arise by allowing access to superannuation to buy a home, as proposed by the Morrison government if re-elected.

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Contributions

Downsizer changes create NCC clash

downsizer non-concessional contributions

SMSF members may choose to postpone downsizer contributions to a later time if they impact NCCs in the short term.

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ATO, Auditing

ATO to tell auditors about disqualifications

ATO SMSF auditors disqualification

The ATO will inform SMSF auditors of the disqualification of trustees or directors of a corporate trustee, but has urged them to review the status of all clients.

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