News

Retirement, Superannuation

No extra contributions jeopardising super adequacy

The latest Roy Morgan “Single Source Survey” for Australia has revealed the low level of above-compulsory super contributions will present a major retirement funding problem for workers and the federal government.

read more
Investments, Property

DomaCom clears equity release regulatory hurdle

Fractional property firm DomaCom today announced it has received ASIC clearance that will allow it to deliver an equity release product for the asset-rich, cash-poor retiree cohort.

read more
Education, Investments, Retirement

SMSFs face three key risks

A new industry paper, published today, has highlighted a triple risk for the $750 billion of retirement savings of over 1.1 million Australians with an SMSF.

read more
Education, Investments, Retirement

SMSFs facing triple risk: report

A new industry paper, published today, has highlighted three major risks for the $750 billion of retirement savings of over 1.1 million Australians with an SMSF.

read more
Accounting, ATO

New SMSFs favour specialists over generalists

New business generated by specialist SMSF firms is nearly three times that of generalist practices as new SMSFs prefer specialists, especially those with a larger number of funds, research released this week revealed.

read more
ATO, Regulation

SMSF sector in good shape: ATO

The ATO has given the SMSF sector a clean bill of health amid the super reform challenges as it looks to lift trustee education and literacy in the next 12 months.

read more
Accounting, Documentation, Regulation

TBAR will raise technology use by accountants

Transfer balance account report (TBAR) requirements will force accountants to refocus on how they will use technology in their practices to service their SMSF clients, a technical expert has said.

read more
Documentation, Estate Planning

Control of fund key to estate plan

The person who assumes control of an SMSF upon the death of a trustee or member is the most important factor in guaranteeing the benefits of the deceased are distributed to the desired recipients, a specialist SMSF lawyer has said.

read more
Compliance, Investments, Regulation

SMSF segregation switching to attract ATO scrutiny

tax advice

Superannuation regulations permit investment segregation to be used in an SMSF subject to the ‘fair and reasonable’ standards, however, behaviour intended to manipulate tax outcomes, specifically setting up a second SMSF, will bring ATO scrutiny.

read more
Regulation, Tax

Case for franking ban not strong: IPA

The Institute of Public Accountants (IPA) has reiterated its rejection of an excess franking credits ban as it prepares to appear before a parliamentary committee public hearing on the implications of the proposed policy.

read more

Copyright © SMS Magazine 2024

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.