News

Investments

Retail investor numbers hit new highs

online retail investors

The number of active retail online investors in Australia grew substantially during 2020, the latest research from Investment Trends has found.

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Strategy

Review asset value to cut TSB

asset value TSB

SMSF members who have exceeded their TSB may be able to get under the threshold by revaluing real estate assets within the fund.

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Financial Planning, Investments

Cognitive bias needs recognition

cognitive bias SMSF strategy

The cognitive bias of trustees need to be considered, and incorporated where practical, within an SMSF investment strategy.

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Strategy

Indexation offers tax deduction increase

Indexation tax deduction

The rise in concessional and non-concessional contribution caps as a result of indexation on 1 July could allow for an increase in tax deductions for members.

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FASEA, Financial Planning

Piecemeal advice makes FASEA code compliance easier

Piecemeal advice FASEA code

Practitioners may need to break the SMSF advice they provide into piecemeal segments that are more easily digestible to better ensure compliance with standard five of the Financial Adviser Standards and Ethics Authority (FASEA) Code of Ethics, a sector specialist has said. BT Financial Group head of financial literacy and advocacy Bryan Ashenden told delegates […]

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Documentation

New fund is best solution for lost deed

lost SMSF deed

SMSFs that have lost their deed should consider creating a new fund, rather than merging with another fund, to overcome any document losses or deficiencies.

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Accounting, Practice Management

Pricing behaviour needs to change

Accounting client pricing

Formulating an appropriate price to charge accounting clients must be driven by what the practice feels the advice is worth and not unrelated, external factors

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Technology

SMSFs a tech efficiency example

SMSF technology efficiency

The SMSF sector has shown how technology can be effectively used to create better consumer outcomes, particularly in terms of cost savings

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Strategy

Stalled bring-forward rules create dilemma

bring forward rules law

SMSF members looking to move large non-concessional contributions into super may prefer to take a tax hit instead of waiting for the bring-forward rules to change.

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ASIC, Financial Planning

Industry bodies slam ASIC levy hike

ASIC levy increase

Australia’s peak financial services industry bodies have condemned the substantial increase in the levy charged to financial advisers and their licensees.

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