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Showing 1071 - 1080 of 2558 results for "SMSF"

Partnership empowers accountants to give advice

KARREN VERGARA  |  FRIDAY, 12 MAY 2017
... move that will give accountants the power to offer financial advice to clients without an AFSL. Accountants working with SMSF clients will indirectly be able to provide financial advice via Plenty Plus, which operates on an AFSL. Plenty co-founder Josh ...

First home buyers: Devil is in the detail for super funds

EMMA RAPAPORT  |  THURSDAY, 11 MAY 2017
... contributing additional amounts to superannuation, ultimately leading to increased retirement incomes," the report stated. The SMSF Association appeared similarly pleased with the scheme, noting that the proposal strikes the right balance between encouraging ...

LRBA loophole for SMSFs removed

EMMA RAPAPORT  |  THURSDAY, 11 MAY 2017
... a member's accumulation account will be credited in the member's transfer balance account. In effect this will make some SMSF members think twice about taking on a LRBA to invest in property, as this may trigger the $1.6 million transfer balance cap ...

Super reform impacts AMP results

JAMIE WILLIAMSON  |  THURSDAY, 11 MAY 2017
... $111 million. "Cash flows into North increased, reflecting our continued investment in the market leading platform. AMP's SMSF business, SuperConcepts, also increased its assets under administration as it builds on its market-leading position," Meller ...

SMSFs hit hard by super reform

KARREN VERGARA  |  TUESDAY, 9 MAY 2017
... impending superannuation reforms - not 4% the government grossly underestimated in last year's budget. A new report from SMSF software company Class found Baby Boomers aged 49 and over will be the hardest hit as they make on average $34,100 in annual ...

Terrible tax policies of the last 25 years

EMMA RAPAPORT  |  TUESDAY, 9 MAY 2017
... anymore tax preferred ways of borrowing to undertake speculative investment in the property market." "I'm not saying that SMSF purchases of residential property has been a major factor in the rise in property prices over the last seven years, in fact ...

BTFG drags Westpac performance

KARREN VERGARA  |  MONDAY, 8 MAY 2017
Westpac's wealth and insurance arm BT Financial Group delivered mixed results for the bank, financial reports released to the ASX show. Every division, with the exception of BTFG "performed solidly" in the six months to March, the bank said. Chief executive ...

SMSF rollovers hit $8 billion

DARREN SNYDER  |  MONDAY, 8 MAY 2017
... rollovers to SMSFs," the researcher said. Retail super funds, which make up 44% of total assets, accounted for 54% of total SMSF rollovers. This was contrasted to both public sector and industry super funds which had a lower proportional share of SMSF ...

Unlicensed financial services' provider convicted

EMMA RAPAPORT  |  WEDNESDAY, 3 MAY 2017
... company and then an amount, less a fee, was loaned by either Ross' company or personally by Ross back to the trustees of the SMSF in their personal capacity. Ross had never been granted an Australian Financial Services Licence or an Australian Credit ...

AUSTRAC launches tool to help advisers fight terrorism

ALEX BURKE  |  TUESDAY, 2 MAY 2017
... client might, say, ask how to make an insurance claim prior to an insurable event taking place, or elect to establish an SMSF without being able to demonstrate the source of funds behind it. AUSTRAC chief executive Paul Jevtovic explained: "Financial ...