News

Retirement income modelling tool launched

March 17, 2021

Advisers will be given free access to a new tool from Vanguard Australia that models retirement income based on a total return investment approach.

read more

LRBA

Back-to-back loans a danger

March 16, 2021

Darin Tyson-Chan

SMSF advisers and trustees have been warned about the complex nature of using back-to-back loans as an LRBA strategy.

read more

ATO, Auditing

ATO flags audit pooling risks

March 16, 2021

Tharshini Ashokan

Audit pooling arrangements to sidestep restructuring costs and comply with new audit independence standards carries many risks, the ATO has noted in new guidance.

read more

Financial Planning

Inertia should not drive SMSF decisions

March 16, 2021

Jason Spits

Advisers need to ignore their own biases and inertia and that of clients when providing SMSF advice to ensure the latter are getting the best outcomes from their funds.

read more

Pensions

Drastic ECPI rule change wanted

March 15, 2021

Darin Tyson-Chan

A large portion of practitioners have been found to favour a complete reworking of the exempt current pension income (ECPI) calculation rules.

read more

Regulation, Superannuation

Indexation will not move all caps

March 15, 2021

Jason Spits

Indexation changes from 1 July will not move all caps upwards, with some remaining fixed as a result of legislation binding them to current levels.

read more

ATO

ATO warns against illegal SMSF scheme

March 15, 2021

Tharshini Ashokan

A new scheme targeting SMSF trustees could expose them to civil and criminal actions and put their retirement savings at risk, the ATO says.

read more

ASIC, Compliance

SMSF accountant ordered to comply with EU

March 15, 2021

Jason Spits

A Queensland accountant has been ordered by the Federal Court to comply with an ASIC enforceable undertaking and tell clients she is unable to provide SMSF advice.

read more

Superannuation