News

ATO

New SMSFs should be prepared for ATO scrutiny

ATO SMSF

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.

read more
ATO

SAR won’t update six-member details

SMSF annual return ATO

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.

read more
Estate Planning, Pensions

Multiple pensions an estate planning tool

estate planning pensions

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

read more
Pensions

Minimum pension cut offers TBC gain

minimum pension TBC

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

read more
Investments, Superannuation

Asset recognition key in wind-ups

SMSF assets wind-up

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.

read more
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.

read more
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.

read more
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.

read more
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.

read more
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.

read more

Copyright © SMS Magazine 2024

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.