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| | | ... must look beyond the "doom and gloom" of the superannuation tax leaping from 15% to 30% and not be scared off from using SMSFs as an alternative retirement savings vehicle, according to an expert. Presenting at the SMSF Association National Conference ... |
| | | | ... simplify and improve this tax." Also at the conference, Heffron Consulting managing director Meg Heffron said that many SMSFs will not hit the $3 million mark - yet they still see value in their SMSF, appreciating they are a genuine platform for their ... |
| | | | ... own retirement," he said. Research commissioned by the SMSF Association found the new tax could impact as many as 50,000 SMSFs. It estimated that 13.5% of 722,000 SMSF members would experience liquidity stress in meeting the new tax obligations. While ... |
| | | | According to Class general manager, growth Jo Hurley, younger generations want more control over their retirement savings than ever before, and financial advisers need to cater to this demand. Addressing the crowd at the SMSF Association Conference ... |
| | | | ... remain vigilant against the illegal early access of superannuation that is especially rampant within the SMSF sector. Most SMSFs do the right thing, often with the assistance of professionals, she said, but some individuals might be persuaded to consider ... |
| | | | ... self-managed super fund. Between 2019 and 2020, some $381 million of super was illegally accessed. For the 2020-21 period, SMSFs lost about $255 million from illegal withdrawals while $170 million was protected at registration. ATO deputy commissioner ... |
| | | | Investment returns for APRA-regulated superannuation funds lagged self-managed super funds (SMSFs) by 4.1% in the 2021-22 financial year, according to the University of Adelaide. During this period, while the S&P/ASX 200 index declined by more than ... |
| | | | ... said. One example is the federal government floating the possibility of making the Retirement Income Covenant applicable to SMSFs. "I don't know that it should but, clearly, it's going to be [mandatory] for APRA-regulated funds, so it's always ... |
| | | | ... Dissidomino and Vincent Crowe. ASIC deputy chair Sarah Court said that SMSF auditors are responsible for auditing over 611,000 SMSFs with total estimated assets of almost $900 billion. "In this privileged position, they play a key role in upholding the ... |
| | | | ... recent months has been driven by impressive increases for industry funds, up 1.4% to 68.2%, and self-managed super funds (SMSFs), up 1.4% to 75.8%. In recent months, various industry funds have performed exceptionally well, Roy Morgan noted. HESTA has ... |
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