News

Compliance

TBC of most concern to trustees

Knowing how to comply with the $1.6 million transfer balance cap (TBC) to be introduced on 1 July is the issue SMSF trustees are most worried about as indicated by the five most frequently asked questions of the ATO.

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Direct Property

SMSFs set for higher direct property costs

SMSFs holding direct property within their investment portfolios could experience an increase in administrative costs from 1 July onward due to changes in the treatment of some expense items.

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Business News

SMSFs are financial literacy leaders

It’s hard to beat personal responsibility as a reason for taking an interest.

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Estate Planning

Estate planning review required now

A legal firm has called on SMSF trustees to review their estate planning strategies to ensure death benefits are managed in the most prudent fashion in light of the $1.6 million transfer balance cap to be introduced on 1 July and the effect it will have in this area.

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Business News

SMSF Association issues contributions reminder

The SMSF Association has recommended trustees act well before 30 June if they are intending to take advantage of the existing contributions caps to boost their superannuation balances.

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Business News

Class adds ING data feed

Specialist cloud-based SMSF administration software provider Class has introduced direct-connect data feeds from ING cash account clients.

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Business News

DomaCom pursues in-house asset exemption

Fractional property fund manager DomaCom Australian is attempting to have its sub-funds exempt from being defined as in-house assets or related trusts under the Superannuation Industry (Supervision) Act by way of a Federal Court declaration.

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Business News

DomaCom pursues in-house asset exemption

Fractional property fund manager DomaCom Australian is attempting to have its sub-funds exempt from being defined as in-house assets or related trusts under the Superannuation Industry (Supervision) Act by way of a Federal Court declaration.

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Business News

SMSF Association appoints new board member

The SMSF Association has appointed Robyn FitzRoy to its board of directors, effective 1 June.

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Strategy

Year-end strategies may affect CGT relief

An SMSF technical expert has warned advisers to be mindful not to let the strategies they recommend to clients in regard to the super reforms compromise members’ ability to use some of the provisions in the new rules.

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