The SMSF Association has warned accountants not to expect an extension to the 1 July deadline for the new licensing rules and has implored them to act now to ensure they will be able to provide SMSF advice legitimately under the new legislative framework.

SMSFs will continue to use exchange-traded funds (ETF) to fulfil income needs and achieve better tax advantages in 2016, according to an ETF executive.

Arguments that the margins of large SMSF administration firms will take a significant hit as more trustees opt to do their own accounting or switch to traditional accountancy services have been dismissed as “nonsense” by one administrator.

The Cooper review found only 13 per cent of SMSFs held any form of life insurance and, in response, the government introduced regulation 4.09(2)(e) of the Superannuation Industry (Supervision) (SIS) Act 1994, which commenced at the start of the 2013 financial year.

The SMSF Association has applauded the federal government’s proposed move to extend choice of superannuation fund via legislation.

PwC has revealed personalised administration and audit services, together with technical SMSF advisory services, will receive a big push as part of the professional services firm’s future agenda.

The ability to be able to provide a single destination for the advice needs of SMSF trustees will be the fundamental challenge for accountants over the coming year, according to a senior executive of a financial services research house. CoreData head of financial services Julian Fewtrell said the predicament facing accountants with SMSF clients stems […]

The SMSF Owners’ Alliance (SMSFOA) has called on the federal government to reform the tax system being applied to superannuation by abolishing all taxes charged on fund earnings and changing the way contributions are taxed.

SMSF trustees choosing not to consolidate their multiple super accounts were doing so for deliberate reasons, with the primary purpose of maintaining the accounts for insurance, according to a technical expert.