The perils of missing a payment – SMSFs with corporate trustees
The ATO is reminding SMSFs with a corporate trustee to pay their ASIC Annual Review fee or risk severe ramifications. With over 65% of the SMSF population having a corporate […]
ASIC releases updated SMSF advice guidance
On December 8 2022 ASIC released information Sheet 274 Tips for giving self-managed superannuation fund advice (INFO 274). This information sheet is designed to help Australian financial services (AFS) licensees […]
SMSF Auditors Alert – Quality assurance standards commence 15 December 2022
Auditing Standard ASQM 1 Quality Management for Firms that Perform Audits or Reviews of Financial Reports and Other Financial Information, or Other Assurance or Related Services Engagements comes into effect […]
How retirees can save more than $3000 a year
First published in the Financial Review on 1 December 2022. The income threshold for eligibility for a Senior’s Health Card has just been significantly increased in gift to many self-funded […]
When stepchildren miss out on inheritance
First published in the Financial Review on 4 November 2022. An ATO ruling that excludes family members on the death or divorce of their natural parent seems arbitrary in a […]
Partner content | Why non-traditional asset classes have a role in SMSF portfolios
Content provided by Hostplus Non-traditional assets are regularly overlooked by advisers and SMSF trustees due to illiquidity and accessibility concerns. There’s a good reason to take a second look. Diversity […]
Deciding who gets your super after you die? Follow these three steps
First published in the Financial Review on 5 October 2022. The High Court decision in Hill v Zuda has given trustees greater certainty around binding death benefit nominations. The High […]
Why SMSF trustees could be the big losers
First published in the Financial Review on 7 September 2022. Accountants are crucial to DIY super funds yet their role has been overlooked in the Quality of Advice Review. When […]
Hottest new super strategies to help your kids and spouse
First published in the Financial Review on 10 August 2022. Recontribution tactics made possible by rule changes are a game changer for older Australians and their families. The 2021 federal […]
Why rules need to change on SMSF financial advice
First published in the Financial Review on 14 July 2022. The Future of Financial Advice Review offers an opportunity to get the balance right on compliance versus cost. For self-managed […]