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Showing 291 - 300 of 1390 results for "SMSFS"

SISFA relaunches membership to SMSF trustees

ELIZA BAVIN  |  THURSDAY, 21 MAY 2020
... of $48, plus GST, to allow them access to a range of services including educational content, investment opportunities for SMSFs and national seminars/webinars, amongst other things. "The introduction of new service providers and offerings to SISFA trustees ...

Industry funds pulled back to the pack

HARRISON WORLEY  |  TUESDAY, 19 MAY 2020
... changes the race to the top. KPMG's latest Super Insights report shows industry super funds are no longer on track to takeover SMSFs as the biggest sector in Australia's superannuation market, with COVID-19 to blame. According to KPMG head of asset and ...

Trustee behaviour in a COVID-19 world

ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
... event where a shortfall penalty will apply," Keating said. "The size of that penalty is determined by an assessment of the SMSFs behaviour when they lodged that income tax return." Keating said a failure to disclose the $10,000 as taxable income will ...

How early release impacts the ASX

ALLY SELBY  |  THURSDAY, 7 MAY 2020
... the end of 2019, Australia's superannuation funds owned approximately 38% of the ASX (across not for profit, retail and SMSFs), up from 26% a decade ago. Industry funds hold just 8% of the ASX, the research house said. Rainmaker Information director ...

Former Spectrum Wealth, NAB advisers banned

ELIZA BAVIN  |  THURSDAY, 30 APR 2020
... been banned by the regulator following surveillance. ASIC said Myers claimed she was only facilitating the establishment of SMSFs for her clients, rather than providing financial advice. However, the regulator alleged Myers gave her clients financial ...

SMSFs granted annual return extension

ELIZA BAVIN  |  THURSDAY, 23 APR 2020
SMSFs have been granted an extension to the lodgement of annual returns to the ATO to June. The ATO said it made the decision in the wake of the financial effects of the COVID-19 outbreak. "The requirement for an SMSF to appoint an auditor 45 days before ...

Managed accounts use broadens

HARRISON WORLEY  |  WEDNESDAY, 22 APR 2020
... accounts, the applicability of the structure is increasing. "We're going to lower balances and younger people right through to SMSFs and older people," he said. With managed accounts now available through 18 platforms and embedded within advisers' approved ...

APRA-regulated fund or SMSF: It's all the same

ELIZA BAVIN  |  THURSDAY, 16 APR 2020
... Early Release Super scheme and drastically volatile markets, major funds have been hit time and time again. But, what about SMSFs? According to Rainmaker research, on average, 24% of a SMSFs aggregate funds under management is in cash, 17% is in property ...

Charterhill founder incarcerated

ALLY SELBY  |  MONDAY, 6 APR 2020
... Charterhill Group, run by George Nowak, provided a "one stop shop" for SMSF clients; providing financial advice on establishing SMSFs, purchasing investment properties, property management, insurance and taxation. The charges against the former director ...

ASIC cancels slew of AFSLs

JAMIE WILLIAMSON  |  FRIDAY, 3 APR 2020
... the license of Your Super Life, an organisation that assisted with the consolidation of super funds and establishment of SMSFs. "You Super Life assists by consolidating your numerous super accounts and in doing so allows you to put in place a plan 'B' ...