News

Administration, ATO, SMSF, Tax

More admin pain from $3m soft cap

SMSF SMSF annual return Total superannuation balance Defined benefit pension $3 million earnings tax

SMSF trustees and practitioners are likely to face a greater administrative burden and associated costs as a result of the new $3 million soft cap.

read more
Compliance, NALI/NALE, SMSF

Lack of discount policy a NALE risk

SMSF NALI Discount policy PCG 2020/5 LCR 2021/2

Firms offering discounted SMSF services to their employees may face NALE repercussions at the end of the financial year if specific conditions are not fulfilled.

read more
Retirement, Superannuation

Trust low in govt retirement products

Retirement income products superannuation FSC

Few consumers trust that the government is best suited to decide which retirement products will suit them, with many wanting to retain that choice for themselves.

read more
ATO, LRBA

LRBA use remains steady

LRBA SMSF limited recourse borrowing arrangement ATO statistical overview residential property

SMSFs continue to use LRBAs at a constant rate, with ATO data showing their spread across funds has been stable for five years.

read more
Compliance, Legislation, SMSF, Tax

Asset value change a Div 296 risk

Division 296 tax Liability Asset valuations SMSF Refund

The unexpected variation in the value of assets held within SMSFs may expose trustees to a $3 million soft cap tax liability with little relief available to obtain a refund on any losses.

read more
Appointments, financial advice

Vic firm bolsters management team

Morrows Appointment Executive team SMSF

A financial advisory firm that offers services to SMSF trustees has made six appointments to its executive leadership team.

read more
Investments, SMSFA, Superannuation

SMSFs outperform APRA funds

SMSF Performance Investments APRA funds SMSF Association University of Adelaide Research

New research shows SMSFs outperformed APRA-regulated funds on a rate-of-return basis for the 2022 financial year.

read more
Superannuation, Tax

Div 296 tax carries penalty rates

Division 296 tax Tax liability penalty interest rates total super balance $3 million

The penalty interest rates applied to unpaid tax liabilities under the proposal to tax total super balances over $3 million have been defined.

read more
Retirement, SMSF, SMSFA, Superannuation

SMSF Association opposes RIC inclusion

SMSF Association Investment strategy Retirement Income Covenant

The SMSF Association believes communication at crucial stages of the SMSF journey would be a more practical strategy to realise the aims of the Retirement Income Covenant.

read more

Copyright © SMS Magazine 2025

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.