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| | | ... the SMSF sector surpassing the $1 trillion mark. Fresh data from the Australian Taxation Office found total assets held in SMSFs hit $1.02 trillion. This was backed up in the APRA data, showing SMSF assets grew by 10.9% in the September quarter. |
| | | | ... statistics from the Australian Taxation Office (ATO) show the total assets held within self-managed superannuation funds (SMSFs) hit $1.02 trillion at September end. The total SMSF members grew to 1,173,867 in over 630,000 SMSFs, with over 10,200 new ... |
| | | | ... gains. To produce a policy measure that panders to large funds because they cannot calculate realised gains at the expense of SMSFs that can determine such at an individual level is lazy policy at best." Ali said the legislation would punish the SMSF ... |
| | | | ... self-managed super fund (SMSF) classifications. "There is ongoing confusion in the advice space regarding the classification of SMSFs as wholesale. Some advisers incorrectly apply thresholds of $2.5 million in net assets or $250,000 income, instead of ... |
| | | | ... industry and enhance the quality of SMSF advice." Heffron is a SMSFA fellow and brings over two decades of experience in SMSFs; she looks forward to leveraging her expertise and contribute to the success and growth of the sector at a leadership level. ... |
| | | | ... management. The family office said Vanderpoel has a strong background in the investment management of private ancillary funds, SMSFs, trusts and family group portfolios. As for Pietropiccolo, he has been with Mutual Trust for five years, arriving from ... |
| | | | ... constituents," SMSFA chief executive Peter Burgess said. Burgess said the tax will be more problematic than simply affecting SMSFs. "The combination of taxing unrealised capital gains and no indexation will also have a devastating impact on the venture ... |
| | | | ... March 2024. "SMSF auditors are key gatekeepers responsible for the growing SMSF sector, providing assurance for 625,609 SMSFs with total estimated assets of over $990 billion," ASIC said. "SMSF auditors are crucial to upholding the integrity and confidence ... |
| | | | ... could be the biggest losers under Division 296. "Our research shows the proposed tax could significantly challenge Class SMSFs with high balances, with Class members facing on average just under $50,000 in additional tax liability," he said. "This could ... |
| | | | ... the country," Remara managing partner Andrew McVeigh said. The fund targets family offices, institutional investors, and SMSFs. McVeigh said it provides a way to minimise the risk in capital access, planning decisions, migration and building supply chain ... |
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