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Showing 11 - 20 of 133 results for "SMSF members"

Young Aussies flock to SMSFs

KARREN VERGARA  |  THURSDAY, 14 SEP 2023
... strategies, the indexation of contribution caps, and the removal of the work test for people under the age of 67. SMSF members appear to be enjoying tax-free earnings in retirement phase compared to APRA fund members. In contrast, nearly one in two members ...

ASIC acts against illegal investment scheme operator

JAMIE WILLIAMSON  |  WEDNESDAY, 26 JUL 2023
... ASIC is suing the operator of several unregistered managed investment schemes that, among other investors, targeted SMSF members. Sasha Hopkins, director of The A Team Property Group, is facing civil action for alleged unlicensed conduct and running ...

SMSFs brace for more reforms: Expert

KARREN VERGARA  |  TUESDAY, 20 JUN 2023
... the $3 million cap is likely to impact 32% of clients. When it comes to conversations around these changes, 24% of SMSF members are actively initiating discussions with their adviser about the proposed tax increase on super balances over $3 million. ...

SMSF advisers navigate new regulation: Survey

CHLOE WALKER  |  FRIDAY, 16 JUN 2023
... the $3 million cap is likely to impact 32% of clients. When it comes to conversations around these changes, 24% of SMSF members are actively initiating discussions with their adviser about the proposed tax increase on super balances over $3 million. ...

SMSFs weather market storms: Report

CHLOE WALKER  |  WEDNESDAY, 26 APR 2023
... is no systemic underperformance when compared to APRA-regulated funds. "The research couldn't be clearer, helping SMSF members understand the benefits of asset diversification, and the performance headwinds encountered by small funds (balances under ...

SMSF sector hit the reset button: Research

CHLOE WALKER  |  TUESDAY, 28 FEB 2023
... now. "Healthy SMSF creation rates and robust benefit payment and net transfers into the sector show that even though SMSF members no longer seem to see these funds as the place to put their member contributions," Rainmaker said. "But they clearly still ...

Females, millennials lead the way in SMSFs: Class

CHLOE WALKER  |  WEDNESDAY, 17 AUG 2022
... way in new fund establishments and adopting proactive contribution strategies, and it's clear that the profile of SMSF members is changing," Hurley said. "New members are younger, more tech savvy, and looking for options that support them in their retirement ...

SMSF assets climb to $892bn

ANDREW MCKEAN  |  FRIDAY, 17 JUN 2022
... five-year period to the March 2022 quarter. Despite significant asset accumulation, the annual increase in total SMSF members was relatively sluggish at 3%. There are 605,469 SMSFs and 1.14 million members of SMSFs. The top asset types held by SMSFs ...

SMSF sector grows 11%: ATO stats

JAMIE WILLIAMSON  |  TUESDAY, 22 FEB 2022
... demographics, the median age of those who established an SMSF in the 2019/20 financial year was 46. The overall median age of SMSF members is 61, the ATO noted. Further, about 47% of SMSF members are female and 53% are male. The average member balance ...

COVID-19 relief for SMSFs may require specialist input

CHLOE WALKER  |  MONDAY, 22 NOV 2021
... self-directed retirement," Maroney said. "But the challenges of this pandemic have added another layer of complexity, so for SMSF members, especially those retired or approaching retirement, who are struggling with the COVID-induced changes, getting ...