News

Accounts deadline for ATO only

November 23, 2020

A proposed deadline for the finalisation of SMSF accounts will only increase the penalties the ATO can apply and do nothing for SMSFs, industry bodies have claimed.

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Superannuation

Small SMSFs develop rapidly

November 23, 2020

Darin Tyson-Chan

The latest industry research has shown SMSFs with low balances grow to levels allowing them to become cost-efficient very quickly.

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ASIC

Court action over SMSF advice EU

November 23, 2020

Jason Spits

ASIC has returned to court to force an accountant to comply with the terms of an enforceable undertaking relating to a banning for SMSF advice.

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ATO

ATO flags valuation guidelines

November 23, 2020

Tharshini Ashokan

The ATO has stressed the need for correct market valuations of assets for SMSF annual returns.

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Retirement

Self-funded retirees welcome review report

November 23, 2020

Jason Spits

Self-funded retirees have welcomed the Retirement Income Review final report as a necessary, fact-based appraisal useful for creating new policies.

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Retirement

Cost of retirement up in September quarter

November 23, 2020

Tharshini Ashokan

Retirees’ cost of living and spending rose during the September quarter despite the effects of the COVID-19 pandemic becoming less pronounced.

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Superannuation

SMSFs are cost-competitive

November 23, 2020

Darin Tyson-Chan

SMSFs with balances of $200,000 or more are as cost-effective as public offer funds, new research has shown.

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Retirement

Retirement system ontrack

November 20, 2020

Jason Spits

The federal government has highlighted findings from the Retirement Income Review final report that the current model is adequate and functional.

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Superannuation

SG rise not needed with improved efficiency

November 20, 2020

Jason Spits

Greater efficiencies in the retirement income system could allow people to have adequate retirement income without an increase in the superannuation guarantee, a retirement review has claimed.

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Retirement, Superannuation

Retirement objective a community decision

November 20, 2020

Jason Spits

The greater community needs to set the objective for the retirement income system but must avoid vague outcomes that achieve little, the Retirement Income Review has recommended.

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