News

Super for housing will worsen affordability

March 15, 2021

Using super for housing will make home ownership more expensive and runs counter to the objective of building retirement savings.

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Pensions

One ECPI rule still confuses

March 11, 2021

Darin Tyson-Chan

Practical evidence suggests the disregarded small fund assets component of the exempt current pension income rules is continuing to cause confusion.

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Documentation, Estate Planning

BDBNs not flexible death benefit solution

March 11, 2021

Jason Spits

SMSF members with strong family relationships may wish to avoid using a BDBN to gain more flexibility in how death benefits will be paid.

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Documentation, Tax

Tax agent banned over false audit declarations

March 11, 2021

Jason Spits

The registration of a Perth-based tax agent has been terminated after he was found to have falsely declared an SMSFs were audited in more than 100 annual returns.

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AFCA, Compliance

COVID impact seen in complaint figures

March 11, 2021

Jason Spits

The sudden impact of COVID-19 in early 2020 has been reflected in complaints figures released by AFCA.

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Investments

Retail investor numbers hit new highs

March 11, 2021

Tharshini Ashokan

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

March 10, 2021

Jason Spits

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

March 10, 2021

Darin Tyson-Chan

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

March 10, 2021

Tharshini Ashokan

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

March 9, 2021

Darin Tyson-Chan

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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