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Showing 201 - 210 of 1381 results for "SMSFs"

SMSF sector grows 11%: ATO stats

JAMIE WILLIAMSON  |  TUESDAY, 22 FEB 2022
... the horrors of COVID-19 to add $80 billion in the year to 30 June 2021. Releasing data today, the ATO said total assets in SMSFs hit $822 billion at 30 June 2021. This is held across 598,000 SMSFs on behalf of over 1.114 million members. It includes ...

SMSF Association appoints chair

CHLOE WALKER  |  FRIDAY, 18 FEB 2022
... stepping down after two terms as chair. Hay-Bartlem brings a wealth of knowledge and experience about superannuation and SMSFs specifically, having practised in this area of the law for nearly three decades. "The association will be well served by having ...

ATO underestimates SMSF performance: Report

CHLOE WALKER  |  WEDNESDAY, 16 FEB 2022
... and the University of Adelaide has found the Australian Taxation Office is increasingly underestimating the performance of SMSFs. The SMSFA and the University of Adelaide's International Centre for Financial Services (ICFS) yesterday released their findings ...

AMP reports $252m loss

KARREN VERGARA  |  THURSDAY, 10 FEB 2022
... platform saw inflows from external financial advisers increase by 18% to $1.3 billion. SuperConcepts, which services 41,754 SMSFs, recorded total assets under administration of $17.4 billion. AMP chief executive Alexis George said there are positive ...

Blue Crane Capital launches fintech tool for SMSFs

CHLOE WALKER  |  WEDNESDAY, 9 FEB 2022
... grow in response to changes to the Superannuation Industry (Supervision) Act (SIS Act) in July 2021. Under the changes, SMSFs can now have up to six trustees instead of the previous limit of four. Blue Crane Capital managing director Chris Hall said ...

Financial watchdog warns on crypto

CHLOE WALKER  |  TUESDAY, 18 JAN 2022
... week, the Australian Securities and Investment Commission ( ASIC) has issued a warning urging self-managed super funds (SMSFs) to consider the risks of cryptocurrency investments. The corporate regulator said that it had noticed an increase in marketing ...

Sequoia Financial Group acquires legal practice

CHLOE WALKER  |  MONDAY, 10 JAN 2022
... reserves. For over a decade, TDL has been a national provider of specialised legal services, focusing on advice solutions for SMSFs, business structuring and succession. Clients of TDL have traditionally been accounting, financial planning and other ...

Super funds failing three-day transfer requirement

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 NOV 2021
... offering in the required three days. Since October 1, APRA regulated super funds have been required to transfer members to SMSFs within three business of the member making a request. Head of Stake Super Kris Kitto said over the last seven weeks Stake ...

COVID-19 relief for SMSFs may require specialist input

CHLOE WALKER  |  MONDAY, 22 NOV 2021
... confirmed it will extend relief measures granted for the 2019-20 and 2020-21 financial years to this financial year." To assist SMSFs, the association has highlighted five key areas of relief that SMSFs should factor into this year's superannuation ...

Bond scam defrauds SMSFs $2.8m

KARREN VERGARA  |  MONDAY, 15 NOV 2021
... investors as a fixed bond investment, according to New South Wales Police. Many of the investors included retirees and operated SMSFs. Detectives from Kings Cross Police Area Command established Strike Force Tallagandra in March to investigate reports ...