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Showing 131 - 140 of 1274 results for "SMSFs"

Women boost SMSF balances

ANNABELLE DICKSON  |  WEDNESDAY, 10 MAR 2021
... period to the 2018/19 financial year, new data shows. The Australian Taxation Office's (ATO) annual statistical overview on SMSFs showed the average female balance increase by 28% while males increased by 22%. Despite this, there is still a disparity ...

SMSFs given small LRBA win

KARREN VERGARA  |  TUESDAY, 23 FEB 2021
... treated as a deemed unfranked dividend. The relevant income will not be taxed as non-arm's length income either. About 10% of SMSFs have LRBAs, the majority of which use the debt to acquire property. "We had previously highlighted an inconsistency between ...

ASIC zeroes in on bad SMSF advice, conduct

KARREN VERGARA  |  TUESDAY, 23 FEB 2021
... consumers, Press said, making Squirrel Superannuation as a case in point. "The provision of misleading information about SMSFs undermines the sector and limits the ability of Australians to make confident and informed choices," she said. While ASIC does ...

ATO targets SMSF fraud

ANNABELLE DICKSON  |  MONDAY, 22 FEB 2021
The Australian Taxation Office (ATO) is focusing attention on new SMSFs registrations after identifying illegal release of super. Speaking at the SMSFA National Conference assistant commissioner Justin Micale said results of its 'secure front door program' ...

SMSFs primed for best financial interests duty

KARREN VERGARA  |  TUESDAY, 16 FEB 2021
... day of its National Conference this morning that the reform is something the SMSF sector should have no concern about. "SMSFs have always been held to a very high standard when it comes to the sole purpose test, and transactions and decisions that could ...

Super funds bow to divestment pressure

ELIZABETH MCARTHUR  |  THURSDAY, 4 FEB 2021
... fossil fuels is now $500 billion, representing almost one quarter of all superannuation assets under management (excluding SMSFs). Market Forces' Out of Line Out of Time report highlighted 23 of the ASX-listed companies that it identifies as having a ...

Future Super, Verve accused of misleading members

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 FEB 2021
... Verve and Future Super as "promoters" of Diversa funds. This prompted Labor MP Andrew Leigh to liken the funds to "giant SMSFs" and question their marketing spends. However, Tanner defended Diversa's business model. "If you want a world where all ...

Raiz Super regains losses

ANNABELLE DICKSON  |  WEDNESDAY, 27 JAN 2021
... $6 million in 2020 because of the ERS. Raiz Invest group chief executive George Lucas said the platform is also targeting SMSFs to invest in any of the investment portfolios on offer. "We believe this is an exciting opportunity for SMSFs as we charge ...

Rice Warner weighs in on Your Future, Your Super

KARREN VERGARA  |  THURSDAY, 14 JAN 2021
... mitigate the effectiveness of the legislation." Alternatively, trustees can potentially establish and promote platforms for SMSFs, hence nudge members into products without performance measures. Finally, the increased transparency and accountability ...

Legacy pensions score win

KARREN VERGARA  |  WEDNESDAY, 13 JAN 2021
... chief executive and director of policy and education Peter Burgess said the change will be appreciated by a minority of SMSFs affected. "[We]don't believe the TBC rules work effectively in situations where a lifetime or life expectancy complying pension ...