CoreData today named the finalists for the inaugural CoreData SMSF Service Provider Awards, recognising the best participants in Australia’s largest retirement savings sector.

A recent Australian Taxation Office (ATO) ruling on pensions has not addressed how SMSFs should treat a situation where more than one pension is in existence and they are all underpaid for the financial year.

SMSF members considering deliberately breaching the excess concessional contributions cap under the new rules as a tax deferral strategy need to be mindful of a few factors, including the ability to cover the excess contributions charge, according to a specialist SMSF lawyer.

Engage Super Audits has launched its fixed-fee offering, the Engage Loyalty Program, which promises a cost-effective and quicker turnaround time for SMSF audits.

Advisers need more education on the precise process of limited recourse borrowing arrangements (LRBA) in order to avoid errors, delays and penalties.

Specialist SMSF service provider Heffron has rebranded itself in the fastest-growing sector of the superannuation market.

Further regulation and policy must be considered to protect SMSFs from being used by the government to fill in budget deficit holes, according to the Institute of Public Accountants (IPA).

The latest Australian Taxation Office (ATO) draft tax determination addressing asset segregation associated with pension payments contains some areas of concern, of which SMSF trustees will have to be mindful when looking to fund a retirement income stream, according to a specialist lawyer servicing the sector.

A panel of SMSF sector experts has concluded the costs associated with the new licencing regime and raised professional standards should not be viewed as a barrier to entry for the provision of advice to SMSF clients.