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Showing 21 - 30 of 133 results for "SMSF members"

SMSF establishments soar

ANNABELLE DICKSON  |  MONDAY, 6 SEP 2021
... billion with 28% of SMSF assets held in listed shares and 18% in cash and term deposits. Meanwhile, the gender gap of SMSF members is narrowing with 53% of SMSF members being male and 47% female. The majority (86%) of SMSF members are 45 years or older. ...

AFA defends industry against Labor attack

KARREN VERGARA  |  MONDAY, 21 JUN 2021
... the Treasury Laws Amendment (Self-Managed Superannuation Funds) Bill 2020 that is proposing the maximum number of SMSF members is increased from four to six. McAllister said that Labor does not support the bill, arguing that having six members will not ...

Superannuation assets hit $3.13tn

KARREN VERGARA  |  WEDNESDAY, 26 MAY 2021
... The latest Australian Tax Office's statistics show that there are 597,396 SMSFs at the end of March. The number of SMSF members stood at 1.12 million and during the quarter some 6147 accounts were established while 240 closed down. Listed shares are ...

Women boost SMSF balances

ANNABELLE DICKSON  |  WEDNESDAY, 10 MAR 2021
... in SMSF establishments as there are currently 593,375 SMSFs with a total of 1,107,268 members. The median age of SMSF members of newly established funds in 2018/19 was 46, compared with 61 for all members, as at 30 June 2020. Throughout 2020, there were ...

SMSFs dump $30bn in shares

ANNABELLE DICKSON  |  FRIDAY, 11 DEC 2020
... were $12 billion in member contributions, $5 billion in employer contributions and $9 billion in outward transfers. SMSF members paid a total of $3.7 billion in administration and operating expenses for their funds. The majority of SMSFs are based in ...

SMSF changes unlikely to mushroom new funds

KANIKA SOOD  |  FRIDAY, 25 SEP 2020
... submission by University of Sydney's Susan Thorp. Earlier this month, a bill to increase the maximum number of SMSF members from four to six was reintroduced to the Senate, and the government has asked submissions on questions about it. To the question ...

ATO clarifies part disposal rules: DomaCom

ANNABELLE DICKSON  |  TUESDAY, 18 AUG 2020
... contributions for SMSF trustees to allow them to stay in their home. The ATO's Administrative Binding Advice confirms that SMSF members are able to sell a part of their property under DomaCom's Senior Equity Release platform and be eligible to make a ...

ATO announces SMSF age limit changes

ELIZA BAVIN  |  FRIDAY, 14 AUG 2020
... the work test is they are under 67, and receiving spouse contributions for those under 75 years old. The ATO said SMSF members must still meet all other criteria, but the age limits have been changed to allow for flexibility. SMSFs can use ATO online ...

SISFA relaunches membership to SMSF trustees

ELIZA BAVIN  |  THURSDAY, 21 MAY 2020
... director Michael Lorimer said. "While this has been successful, it has become noticeable that the needs of 1.1 million SMSF members extend beyond supporting the professionals on whom they rely for advice and expertise." Lorimer said SISFA has long debated ...

Retirement income review must focus on women: KPMG

HARRISON WORLEY  |  WEDNESDAY, 5 FEB 2020
... John Maroney convinced SMSFs can help the review focus its efforts on the retirement phase. Maroney pointed out many SMSF members have already transitioned from accumulation to retirement, and added the widespread use of SMSFs should not be underestimated ...