News

Pensions, Retirement

TRIS forgotten hero for recontribution

transition to retirement income stream TRIS pension SMSF

Transition-to-retirement income stream pensions have been overlooked, but offer SMSF trustees an easy-to-execute method to start recontributions before retirement.

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ATO, Crypto Assets, Cryptocurrency, Investments

ATO flags rise in SMSF crypto losses

ATO SMSF cryptocurrency losses

The ATO has reminded SMSF practitioners and trustees to exercise caution when investing in cryptocurrencies after identifying cases where assets were lost or stolen.

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Appointments

FAAA appoints new board members

Financial Advice Association of Australia FAAA board appointments

The Financial Advice Association of Australia has elected three new members to its board to fill the roles of departing directors whose terms are coming to an end.

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Administration, Contributions, Management, SMSF

Closing an SMSF top of mind

SMSF wind-up

The winding up of an SMSF is an issue a significant number of financial advisers have inquired about during the September quarter.

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Estate Planning, financial advice, Financial Planning

Need for wealth transfer help common

wealth transfer financial legacy

Many Australians who have yet to retire are actively looking at how they can pass on money to their successors, with the lack of information creating opportunities for advice.

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Administration, Business News, SMSF

Administrator celebrates milestone

Heffron

A respected SMSF administration service provider has commemorated 25 years of service to the industry.

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ETFs, Investments

BlackRock unveils gold ETF

Blackrock Gold ETF

Investors will soon have the opportunity to invest in physical gold without having to own or store it via a forthcoming ETF set to debut by the end of this month.

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NALI/NALE, Tax

Deductibility not a NALE criteria

NALE expenses tax deduction capital

SMSF trustees should not assume a particular expense will not be captured by the NALE rules simply because it is not tax deductible to the fund.

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Auditing, Property

Annual valuation requirement clear

SMSF annual audit auditor property asset valuation

Regulations outlining the requirement for the annual valuation of an asset are clear cut and should not lead to confusion around what auditors are required to do.

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Contributions, SMSF, Tax

Settlement contributions given tax relief

$3 million tax exemption structured settlement contribution

SMSF trustees who receive a structured settlement contribution can take advantage of the fact that proposed $3 million soft cap will exempt these from its tax calculations.

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