The ATO has indicated certain scenarios affecting an SMSF member’s transfer balance cap should be reported under the transfer balance account report (TBAR) sooner rather than later to avoid double counting of income streams. “There are some cases where it will be in t...

The SMSF industry will eventually move to a true real-time processing world as part of its evolution through using technology, as well as its response to newer compliance developments such as events-based reporting. During an SMSF panel session at the Accountants’ Tec...

SMSFs in or transitioning to retirement remain appropriately positioned to reach their retirement goals, but more savings in super are required now due to a weaker investment outlook, a new report from the SMSF Association and Accurium has revealed. The “SMSF Retireme...

The election of a Labor government as early as the second half of 2018 would likely result in major negative changes for the SMSF sector. “One of the realities is that it’s likely this time next year we’ll have a Labor government and the Labor government is no friend...

Across the industry, 15 per cent of SMSFs are administering their fund on their own, presenting growing concerns around how they will cope with the complexities of the new superannuation rules, according to the latest analysis from Class. The “June SMSF Benchmark Repo...

September 1, 2017

#springtime #savvysuper #retirement #savings #ilovespring

One-third of Australians aged between 50 and 70 had less than $50,000 in their superannuation, according to new research from MLC.  Statistics released by the group revealed 33 per cent of those in that age group had a super balance of less than $50,000, falling well...

SMSF trustees are making significant changes to their asset allocations compared to previous years, according to the latest industry research. The “2017 Vanguard/Investment Trends Self-Managed Super Fund Reports” found more SMSFs are making substantial changes to their...

Advisers and accountants have an equal chance of servicing SMSFs’ unmet advice needs, however, several barriers have been identified, according to the latest industry research. The “2017 Vanguard/Investment Trends Self-Managed Super Fund Reports” found 52 per cent of...

The SMSF industry must keep an eye on the technological advancements that are likely to shape the new world in which SMSFs, the government and agencies work together. “From my perspective, we’re still dealing with a lot of old issues and a lot of unresolved debates of...

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