News

Property

TBC impacts real property holdings

transfer balance cap business property

Holding business real property inside an SMSF may not be as advantageous as it once was due to restrictions imposed by the transfer balance cap.

read more
Compliance

Excess concessional contributions and the TSB limit

contributions total super balance

An SMSF can still receive excess concessional contributions even if the member in question has reached their $1.6 million total super balance threshold, but it is important to know what to do in these situations.

read more
Administration, Financial Planning

Debate sparked over adequacy of single SOA

SMSF statement of advice

A debate has fired up as to whether more than one statement of advice is needed for SMSF clients to adequately disclose the significant risks associated with this type of super structure.

read more
ATO

ATO working on more meaningful performance data

ATO SMSF performance data

The ATO is working to improve the data SMSF trustees can use to compare their fund performance against that of large public offer superannuation funds.

read more
Administration, Estate Planning

Replacement trustee option essential in SMSF deeds

SMSF deeds replacement trustee

Trust deeds should ensure an SMSF have an option to nominate a replacement trustee in the event of a member’s death and not assume someone will be appointed to the role, an SMSF expert says.

read more
Strategy, Superannuation

Restrictions on 13.22c trusts may trigger blow-up

Restrictions on 13.22c trusts

Tight restrictions around the use of 13.22c trusts should be a warning to SMSF trustees to approach them with caution or risk facing a complete unwinding of any related arrangements.

read more
Accounting, Financial Planning

Accountants not solution for financial advice gap

accountants financial advice gap

Accountants are unlikely to complete further education to step into the financial advice sector as its revenues decline and practitioners leave.

read more
Regulation, Superannuation

SMSF Association calls for residency test review

SMSF residency test

The residency test for SMSFs is a rule the SMSF Association will be encouraging the government to amend due to some resulting poor outcomes for superannuants.

read more
Residential Property, Tax

Jurisdiction will set foreign purchaser tax position

Foreign purchaser duty SMSF

Advisers should pay attention to how the application of foreign purchaser duty to SMSFs differs between jurisdictions, an SMSF legal firm says.

read more
Retirement

AMP upgrades platform retirement tool

AMP upgrades retirement tool

AMP has upgraded its Retirement Modelling Tool adding hundreds of combinations of investments and 2000 stressed tested retirement strategies.

read more

Copyright © SMS Magazine 2025

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.