Income bucketing strategies have proved effective for many SMSF trustees due to their ability to help retirees maintain a disciplined approach to investment while providing them with regular income payments.

Transferring property within an SMSF to the next generation upon the death of a member could be tackled in a number of ways, but required robust planning in order to avoid major issues.

The federal government has asked the Productivity Commission to review all aspects of the superannuation system, including SMSFs.

Australia’s superannuation industry needed to focus and move forward on what united it instead of becoming fixated on divisive issues, SMSF Association chief executive Andrea Slattery said today.

The ATO is soon likely to allow SMSFs with no assets at 30 June to apply for a return not necessary (RNN) classification as long as they showed that they now contained assets.

When it came to the gender split of SMSF trustees, women’s confidence in relation to their fund was much higher than previously thought, according to the latest industry research.

Part 1 of this two-part article considered some reserves that may be used by trustees of SMSFs and some guidance on the use of reserves. Part 2 continues the consideration of the range of reserves and looks at rules regarding payment out of the reserves.

BGL Corporate Solutions has announced over 1000 firms are now using Simple Fund 360, making it the most widely used SMSF administration program in Australia.

Commercial law firm Cowell Clarke is offering accountants full compliance support in the lead-up to the introduction of the new licensing regime via a new secure web portal that will act as a management tool for licensee compliance requirements, needs and queries.