News

ATO, Education

ATO trustee course takes shape

Trustees course

An SMSF trustee competency assessment is currently being finalised by the ATO.

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Estate Planning

Estates unlock dependency tax benefits

estate tax benefits

SMSF members should examine the tax benefits of nominating their estate as the beneficiary of a super death benefit if they want it to go outside the family, an SMSF legal expert says.

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Estate Planning, Strategy

Flexible BDBNs more advantageous than wills

BDBN SMSF will

Flexible binding death benefit nominations (BDBN) in an SMSF are better tools for directing wealth to beneficiaries than superannuation within a will, a compliance specialist has claimed.

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Property

Rent relief instrument imminent

SMSF landlords rent relief

The regulator’s compliance approach to COVID-19 driven rent relief provided by SMSF landlords will shortly be legally formalised.

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Accounting, Financial Planning

Licensing forces industry to rethink roles

licensing accountants advisers

AFS licensing requirements will push more advisers to specialise over time, allowing accountants to take on the role of the generalist for the SMSF sector.

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Superannuation

Satisfaction with SMSFs remains high

SMSF satisfaction

SMSF members have continued to report high levels of satisfaction with their choice of superannuation fund, according to new data released by Roy Morgan.

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Retirement, Tax

Bucket companies a valid strategy tool

bucket companies retirement tax

Bucket companies are a legitimate retirement and tax planning tool and claims they are out of favour with the ATO are untrue.

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Regulation, Superannuation

Anticipating law change unwise

non-concessional contribution bring forward

SMSF members should not implement any strategies taking advantage of impending changes to the non-concessional contributions bring forward before the legislation containing the amendments is passed, an industry body has said.

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Retirement, Superannuation

SMSFs are retirement income leaders

SMSF retirement income

Large scale APRA-regulated funds should look to the SMSF sector when creating retirement income solutions as the latter has key advantages, according to a superannuation research group.

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ETFs, Investments

New ETFs allow leveraged Nasdaq exposure

ETFs Nasdaq

ETF Securities has launched two new ETFs providing leveraged exposure to the Nasdaq 100 index.

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