News

Retirement

SMSFs found most satisfying

SMSFs have emerged again as the most satisfying retirement savings structure, according to the most recent industry research.

read more
Financial Planning, Superannuation

Retail super advice gone by 2030 but SMSFs to stay

Typewriter with the words The End written in red ink

Retail superannuation advice will disappear by 2030, subsumed by superannuation funds, but SMSF related advice will continue to remain on offer.

read more
Superannuation, Tax

Budget contributions measure may cause confusion

An SMSF sector expert has warned compliance breaches may result from confusion over the contribution rules changes included in the 2019 federal budget.

read more
Superannuation, Tax

Franking credit report suggests policy rethink needed

An alliance of 11 consumer and industry bodies has called on Labor to reconsider its franking credit policy, claiming a recent inquiry has shown it is flawed and unfair.

read more
Administration, Superannuation

Class enhances TBAR functionality

Class has made enhancements to transfer balance account report functionality following the release of a new ATO online service portal.

read more
Investments, Tax

Franking credit inquiry opposes refund changes

Accountant; SMSF; defrauded

The final report from an inquiry into the removal of franking credits to some individuals has opposed the move, despite being split along party lines.

read more
Investments, Tax

Labor claims franking credit inquiry not valid

The Labor Party has accused the chair of the franking credit inquiry of breaching parliamentary standards and colluding to influence consumers.

read more
Investments, Tax

FSC supports franking credit report recommendation

The FSC has welcomed a recommendation from a parliamentary inquiry which has opposed the removal of franking credit refunds.

read more
Accounting

NALI, LRBA changes unlikely to pass before poll

A bill to make changes to the rules around calculations for NALI and the value of assets in an SMSF with an LRBA are likely to lapse after stalling in the Senate.

read more
Pensions, Superannuation

Contributions measure raises other system questions

A technical expert has queried whether other aspects of the superannuation rules will need changing in line with the measure announced in the budget amending contributions for individuals over the age of 65.

read more

Copyright © SMS Magazine 2024

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.