Providing scaled advice
It’s no secret the financial advice framework needs improvement. Year on year, the SMSF Association receives feedback on the need to take action to address the advice framework and to […]
Cap complexities make life difficult for SMSF trustees
First published in the Sydney Morning Herald on 08 September 2020. A growing number of Self-Managed Super Funds may end up paying higher tax than needed because they miscalculate their […]
Market linked pension commutations still in limbo
In late June this year, the industry was pleased to see amendments made to the calculation of a transfer balance debit that arises on the commutation of a pre 1 […]
ATO provides clarity on treatment of excess pension payments
For administrative ease, where members opt to take withdrawals in excess of their minimum pension as a lump sum, it is an acceptable industry wide practice, for members to have […]
Time to open up infrastructure investment to SMSFs
First published in the Financial Review on 12 August 2020. Its risk-return profile, capital growth, steady income and, in some instances, low risk, dovetail with self-managed superannuation fund income goals. […]
Raise disclosure to end ‘unfair’ capital raising regime
First published in the Financial Review on 18 July 2020. Self-managed super trustees who have missed out on the recent spate of attractive capital raisings in the wake of the […]
Limited relief for Limited Recourse Borrowing Arrangements (LRBAs)
Since the ability for SMSFs to borrow to purchase an asset was introduced in 2007, LRBAs continue to represent a relatively low proportion of overall SMSF assets. The latest ATO […]
Lesser known change, and an unfortunate delay, leave their mark
There were several important bills passed during the June 2020 parliamentary sitting, none more so than the bill that provides a much needed 12 months extension for financial advisers to […]
Don’t overload new NALI rules
The ATO has released Practical Compliance Guideline PCG 2020/5 which explains their compliance approach in respect of applying the non-arm’s length income (NALI) provisions to non-arm’s length expenditure. This Guideline […]
Here’s an end-of-year guide for SMSF trustees
First published in The Sydney Morning Herald on 09 June 2020. One of the benefits of saving for retirement through a self-managed super fund is that when you need to […]