News

Pensions, Strategy

Pension phase may become redundant

Should the Labor Party’s change to the franking credit system be introduced as law, it may no longer be beneficial to have an SMSF that is purely in pension phase, a sector specialist has said.

read more
ASIC, Auditing

ASIC sanctions several SMSF auditors

ASIC has handed penalties to several SMSF auditors for failing to meet their professional requirements.

read more
Strategy, Superannuation

Advisers seeking more information on early access

Access to superannuation benefits was a key issue for financial advisers during February, according to AMP.

read more
Insurance, Superannuation

SMSF members warned about life insurance opt-in changes

SMSF members with life insurance within APRA-regulated funds have been warned they may lose it if they fail to opt-in to cover under new legislative changes.

read more
Documentation, Tax

Testamentary discretionary trust death benefit bonus

SMSF death benefits can be better protected from external threats and receive more favourable tax treatment with the use of a testamentary discretionary trust.

read more
ATO, Property, Superannuation

ATO provides tips on FHSSS forms

The ATO has offered tips for fund members who are required to complete the First Home Super Saver Scheme release authorities.

read more
ATO, Auditing

ATO letters flag auditor number misuse

Auditors have received letters from the ATO with a list of SMSFs to verify the correct use of auditor numbers.

read more
Retirement, Superannuation

SMSF sector to hold market share for next decade

The SMSF sector will retain a steady share of the superannuation market, but further growth will be hampered by government and demographic changes.

read more
Property, Retirement

Home equity release product to aid retirement

Individuals looking to top up their superannuation balances and fund other financial requirements in retirement now have a new facility to do so.

read more
Accounting, Compliance, Platforms

Advice firm offers licensees new compliance solution

A Victorian advice firm has teamed with a large-scale software developer to offer advice groups a new compliance system.

read more

Copyright © SMS Magazine 2025

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.