News

Advisers contemplate portfolios outside super

March 15, 2017

The incoming super changes are driving some advisers to consider replicating their clients’ SMSF portfolios outside of the super environment, according to State Street Global Advisors (SSGA).

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Residential Property

SMSFA contests super access for housing

March 15, 2017

Krystine Lumanta

The SMSF Association has categorically opposed a proposal to allow first home buyers to access their superannuation to fund a housing deposit.

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Compliance

Clients need push with super changes

March 15, 2017

Krystine Lumanta

SMSF clients needed to be compelled by their advisers to take action in relation to the upcoming changes to superannuation, according to an industry executive.

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Business News

ACBC launches SMSF fixed income book

March 15, 2017

Darin Tyson-Chan

Australian Corporate Bond Company (ACBC) has launched an e-book to assist SMSF trustees manage the defensive portion of their portfolios more efficiently.

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Business News

Significant cash return differences for SMSFs

March 13, 2017

Darin Tyson-Chan

Comparison site Mozo has found a substantial differential exists among the returns from cash products servicing SMSFs that could be reducing fund performance for trustees and members.

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ATO

ATO provides CGT relief clarity

March 13, 2017

Krystine Lumanta

The ATO’s update to Law Companion Guideline (LCG) 2016/8 has provided the industry with several examples around capital gains tax (CGT) relief in relation to transition-to-retirement income streams (TRIS). LCG 2016/8 “Superannuation reform: transfer balance cap and transition-to-retirement reforms: transitional CGT relief for superannuation funds”, released last Thursday, expanded upon the objective of the clause, […]

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Compliance

Topdocs integrates with ASAP

March 13, 2017

Krystine Lumanta

Topdocs has teamed up with Australian fintech start-up Accountants Scaled Advice Platform (ASAP) to help accountants servicing Australia’s 580,000 SMSFs deal with an expected unprecedented compliance squeeze at the end of the 2017 financial year.

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Regulation

Govt committed to best possible super system

March 10, 2017

Krystine Lumanta

Revenue and Financial Services Minister Kelly O’Dwyer has reaffirmed the federal government’s commitment to its changes to the superannuation system, maintaining they are necessary to best safeguard and grow people’s retirement savings.

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Compliance

Separation of assets a major compliance issue

March 10, 2017

Darin Tyson-Chan

The recording of SMSF assets under the proper name or entity is an issue the ATO has ranked among its top 10 current compliance problems.

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Residential Property

Still no grounds for property bubble claims

March 10, 2017

Krystine Lumanta

Limited recourse borrowing arrangements (LRBA) within the superannuation system are still too small to be responsible for driving a property bubble, yet a new report continues to propagate the myth that they are to blame.

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