News

Control key to estate planning

March 11, 2020

Trustees should consider who will be in control of their SMSF decisions when a member dies or loses capacity, and ensure their documentation reflects this.

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ASIC, Superannuation

Early-release promoter banned

March 10, 2020

Jason Spits

A banned financial adviser has received a further penalty from ASIC for his part in a scheme that promoted the illegal early release of super via SMSFs.

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Business News, Financial Planning

Seamless SMSF targeting advisers

March 10, 2020

Darin Tyson-Chan

Seamless SMSF is looking to increase the number of financial planning practices it services on the back of its rebrand last month.

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Regulation, Retirement

SMSFA supports draft work test amendment

March 10, 2020

Tharshini Ashokan

The SMSF Association has voiced its support for draft legislation giving individuals aged 65 and over greater ability to make super contributions.

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Administration, Business News

Heffron unveils new online SMSF tools

March 10, 2020

Tharshini Ashokan

Heffron has launched two new resources to help SMSF practitioners better serve their clients.

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Administration, ATO

ATO wind-up advice unworkable

March 9, 2020

Darin Tyson-Chan

The guidance the ATO released for SMSF trustees regarding fund wind-ups has been described as unworkable from an audit perspective by a leading sector practitioner.

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Retirement, Superannuation

Work test definition not decided by clients

March 9, 2020

Jason Spits

Advisers abusing the definition of gainful employment under work test rules for their clients’ benefit will find themselves outside the law, according to an SMSF advice specialist.

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Investments, Strategy

Trustees not reaping full benefit of SMSFs

March 9, 2020

Tharshini Ashokan

Many trustees are too busy to implement an investment strategy for their fund that will maximise the benefit of having an SMSF, a superannuation expert says.

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Property

Buying a property via an SMSF

March 9, 2020

Meg Heffron

Acquiring a property within an SMSF is a common transaction, but there are some important rules to consider when doing so.

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Retirement, Superannuation

Work test amendments drafted

March 5, 2020

Darin Tyson-Chan

The federal government has released draft legislation to modify the work test rules associated with superannuation contributions for older Australians.

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