News

Appointments

Class appoints three to executive team

Class appoints three to executive team

Class has added three new recruits to its senior executive team as part of a change and expansion strategy it is pursuing.

read more
Property, Retirement

Downsizers tip $1b into super

Australians have used superannuation concessions for people downsizing their homes to make $1 billion of contributions into funds in the past year.

Older Australians have taken advantage of superannuation contributions for people downsizing their homes by moving $1 billion into their funds in the past year.

read more
Property, Tax

Downsizer contributions get separate SAR treatment

downsizer contributions; annual return

The 2019 SMSF annual return will contain a separate area for trustees to inform the ATO about downsizer contributions that have been made.

read more
Investments, Strategy

SMSF strategies can help non-SMSF investors

SMSF; investment; strategy; investors

An SMSF investment strategy can provide essential guidance to investors, even if they don’t have an SMSF, a personal finance expert says.

read more
Investments, Retirement

Franking credits an income buffer but not solution

franking credits; income streams;

Franking credit refunds have boosted retiree incomes, but new solutions are required to offset the low interest rate environment.

read more
Property, Retirement

Equity release may help keep super intact

https://smsmagazine.com.au/wp-content/uploads/2018/05/GettyImages-816236150-edit-web.jpg

Equity release solutions should be used to reduce the rising number of Australians using their superannuation to ease mortgage debts.

read more
ATO, Tax

TPB warns against unregistered tax agents

TPB; unregistered; tax agents

The dangers of using an unregistered tax agent have been spelled out by the Tax Practitioners Board.

read more
Documentation

Incapacity definition requires caution

incapacity; definition; documentation

A senior SMSF consultant has warned setting a definition for incapacity with regard to proper super fund documentation is not a simple task and advisers should be wary of the associated complexity.

read more
Superannuation

Campaign launched to better define super objective

superannuation; objective; campaign

SuperConcepts is spearheading a campaign encouraging Australians to contribute to defining the purpose of the superannuation system.

read more
LRBA, Property

Stay within safe harbour with LRBAs

LRBA; safe harbour; Division 7A

SMSFs should keep an eye on both the safe harbour guidelines and Division 7A to ensure loans made to the fund are not treated as contributions.

read more

Copyright © SMS Magazine 2024

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.