News

ETFs

Large bond parcels deter SMSFs

Large corporate bond parcel sizes in Australia are deterring SMSF investors from playing in this space, with many opting for exchange-traded funds (ETF) instead, according to an investment firm.

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Superannuation

Ignorance over personal deductible contributions

Few SMSF trustees are taking advantage of the ability to make personal deductible contributions to their super fund because they remain unaware of the change in legislation allowing them to do so.

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Accounting

Limit accountants to one bridging course

Designer using a laptop to study.

The professional standards body should recognise the professional study accountants have undertaken in the past and only require them to layer it with advice-related study, according to AccountantsIQ.

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Superannuation

Commission’s findings to prompt fee review

The SMSF Association has said the Productivity Commission’s draft report into superannuation is a timely reminder to SMSF trustees to pay close attention to the fees and costs their funds incur to ensure retirement savings are being optimised.

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Superannuation

Smaller SMSFs worse off: Productivity Commission

A goldfish jumps out of a bowl into a larger bowl of water.

The investment performance of SMSFs with less than $1 million in assets is significantly worse than that of institutional funds, according to the Productivity Commission’s assessment of superannuation’s efficiency and competitiveness.

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Documentation

Clarity needed on BDBNs, pensions

An SMSF member’s ability to convert a pension established as non-reversionary into a reversionary pension through appropriate documentation remains a grey area, according to a lawyer.

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Documentation

SMSF investment record-keeping crucial

The level of detail needed for investment documents for an SMSF is determined by the fund’s trust deed, its investment strategy and the requirements of the tax and superannuation legislation, a technical expert has warned.

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Investments

When investing doesn’t always pay dividends

It makes perfect sense that investing in Australian companies, with the view to enjoying their dividend yield, has been the cornerstone of investing in this country for decades.

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Auditing

Audit proposal will boost costs

The federal government’s 2018 budget measure to allow SMSFs with a good compliance and record-keeping history the ability to switch to a three-yearly audit cycle will potentially increase costs for trustees and make the audit process more burdensome, according to an auditor.

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Investments

Investors inquiring about global valuations

In the shift from domestic shares to global equities in self-directed and SMSF portfolios, both advisers and investors are asking specifically about valuations.

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