By Gabriela Rusu
Most superannuation strategies revolve around the effective use of contributions to gradually build the amount of super savings needed to live comfortably in retirement.
Super contribution limits and…
Asset Valuations and the Contribution Caps
By Steve Burnham
Asset valuations and the contribution caps are both contentious issues, with many SMSFs failing to regularly update their asset valuations and some auditors turning a blind eye….
Can an SMSF Invest in Property Development?
By Reece Agland
The ATO has been sending some mixed messages about property development involving an SMSF, and has indicated that it is one of the issues on its radar…
Wealthy Increasingly Using SMSFs as Slush Funds to Minimise Tax
By Rod Myer
Self-managed superannuation funds are increasingly being used as slush funds to manage the assets of wealthy people rather than for building independent retirements, according to experts.
New figures…
SMSFs: More ‘Real-time’ Reporting Will Be Required Soon
Along with the new transfer balance cap that is being introduced from July 1 this year, the ATO has indicated that more “events-based” reporting will be required for it…
SMSF Trustees: Some ‘minor’ Amendments to Super Reforms That May Not Be So Minor
The ATO has issued an update on the progress of the government’s superannuation tax reform package. The update, which deals with transition to retirement income streams (TRIS), total balance…
More Super Reform Changes Being Made on the Fly
Further rumoured amendments to the superannuation reforms taking effect on July 1, 2017, just over two months away, are seeding further panic among the superannuation industry. The document circulated…
Unpaid Superannuation ‘far Worse’ Than First Thought
By: Jackson Stiles
A Senate committee has been told that the devastating problem of unpaid superannuation is at least $2 billion worse than previous estimates.
Back in December, a joint Industry…
Ten Reasons I Love My SMSF
By: Finn Kelly
Superannuation is likely already one of your largest assets, and for many of us it’ll most certainly be our largest asset one day.
My question to you is,…
SMSFs: The Upward March Continues
The ATO has just released the latest of what has become a series of annual publications. The report, Self-managed superannuation funds: A statistical overview, started being published in late…
