News

ECPI, Pensions, Regulation

Failed pension process not logical

The process to rectify a pension that has not made minimum payments is difficult and will require multiple steps to achieve.

read more
LRBA, SMSF, Strategy, Superannuation

Maintain LRBA single-asset treatment

Shares purchased under an LRBA should be treated as single asset regardless of what happens to them while they are held by an SMSF investor.

read more
Compliance, Death benefits, Strategy

Proper trustee discretion key in death

Trustee discretion must meet certain thresholds set by the courts for decisions made under this power with regard to death benefit distributions.

read more
Education, financial advice, Financial Planning

Program for industry entrants launched

A training initiative has been made available to fast track new entrants to the advice industry and assist practitioners in their early years.

read more
Death benefits, Documentation

Death benefits not reliant on probate

self managed super, self managed super fund, self managed super funds, self managed superannuation, SMSF, death benefit, deceased member, Accurium, Jason Hurst, trustees, probate

In the majority of circumstances, SMSF trustees do not need to wait for probate before they can pay death benefits from a super fund.

read more
Death benefits, Legislation

Time limits still apply to fund payments

self managed super, self managed super fund, self managed super funds, self managed superannuation, SMSF, ATO, death benefit, reasonable timeframe, Heffron, Lyn Formica, six-month rule, guidance, Sean Johnston, payment, sale of asset

The absence of a specific timeframe in ATO guidance to pay a death benefit does not mean trustees have unlimited time to do so.

read more
LRBA, NALI/NALE

Review related-party loans with new rates

self managed super, self managed super fund, self managed super funds, self managed superannuation, SMSF, safe-harbour interest, related-party loans, non-arm’s-length income, NALI, SMSF Alliance, David Busoli

The release of the latest safe-harbour rates is a reminder SMSFs need to update any related-party loan details if they want to avoid NALI.

read more
ASIC, financial advice, fraud, Investments

Scheme investors mull class action

self managed super, self managed super fund, self managed super funds, self managed superannuation, SMSF, Slater and Gordon, class action, First Guardian Master Fund, Shield Master Fund, Andy Wei, superannuation, ASIC, financial advice, lead generators

A legal firm is looking into a class action for superannuation investors in the First Guardian Master Fund and Shield Master Fund.

read more
financial advice, Financial Planning, SMSF, SMSFA, Technology

SMSF adviser AI take-up fairly low

Recent analysis with regard to the practice of SMSF advisers has shown the majority are not yet using AI to service clients.

read more
Compliance, LRBA, SMSF, Trusts

Avoid LRBA structure short cuts

A bare trust should be the first and only option in which to house an LRBA-purchased asset as lenders and lawyers will reject other structures.

read more

Copyright © SMS Magazine 2025

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.