News

ATO

SuperStream errors identified

October 28, 2021

The ATO has said the lack of relevant information in a number of key areas is the prime reason why SuperStream rollovers are being delayed.

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Estate Planning

Estate planning rules not universal

October 28, 2021

Tia Thomas

SMSF trustees should not adopt rules for superannuation estate planning without checking whether they actually apply to their fund.

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Regulation, Superannuation

Budget measures bill enters parliament

October 28, 2021

Jason Spits

Legislation to put in place a range of superannuation and pension changes announced in this year’s budget has been introduced into parliament.

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Accounting, Business News

Class, Cloudoffis team up for year-end service

October 28, 2021

Darin Tyson-Chan

Class and Cloudoffis have formed a partnership to provide SMSF practitioners with a new workpaper solution for their end-of-year processes.

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Portfolio Construction

JP Morgan joins OpenInvest platform

October 28, 2021

Darin Tyson-Chan

SMSF members can now access model portfolios constructed by JP Morgan Asset Management via the OpenInvest digital marketplace.

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Financial Planning

Adviser numbers drop below 19,000

October 28, 2021

Jason Spits

Adviser numbers have continued to fall in the latter half of this year, despite lengthy lockdowns in Sydney and Melbourne.

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NALI/NALE, Superannuation

Education can negate NALE

October 27, 2021

Darin Tyson-Chan

Educating clients about the best compliance practices is likely to be the most effective way of preventing SMSF trustees from breaking the NALE rules.

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Retirement, Superannuation

Don’t overlook low-balance TBCs

October 27, 2021

Jason Spits

Low personal transfer balance caps should not be overlooked given the number of measures that allow SMSF members to increase balances well into retirement.

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Succession Planning