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Showing 31 - 40 of 308 results for "SMSF Trustees"

ATO clarifies part disposal rules: DomaCom

ANNABELLE DICKSON  |  TUESDAY, 18 AUG 2020
... received confirmation from the tax office that a part disposal of a home can work for downsizer 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 ...

ATO warns against SMSF property development

ELIZA BAVIN  |  WEDNESDAY, 10 JUN 2020
... number of SMSFs purchasing and investing in the development of real property. The ATO said it strongly encourages SMSF trustees who may be considering property development to seek professional advice and to approach the ATO for advice if necessary. The ...

SMSFs to weather the storm

ELIZA BAVIN  |  THURSDAY, 28 MAY 2020
... second wave of the COVID-19 outbreak leading to further social distancing measures. "That's the biggest fear for most SMSF trustees," he said. "That would trigger losses in retirement savings and trustees would force many to sell down some shares to ...

Iress inks bond exchange partnership

HARRISON WORLEY  |  WEDNESDAY, 27 MAY 2020
... access the entire suite of bonds admitted to trading status on the exchange's platform, giving private investors, SMSF trustees, brokers, and the clients of financial advisers with greater access to fixed income. In addition to providing access to bonds ...

TPB cracks down on 74 tax practitioners

ELIZABETH MCARTHUR  |  TUESDAY, 26 MAY 2020
... incorrect SAN and failed to satisfactorily respond to ATO inquiries. The ATO then referred the matter to the TPB. "SMSF trustees rely on their superannuation savings to fund their retirement. The Australian government relies on regulators like the TPB ...

Sole purpose test poses SMSF rent relief issue

ELIZABETH MCARTHUR  |  TUESDAY, 26 MAY 2020
... hardship could mean they fail to meet the sole purpose test. Breaching the sole purpose test is not the only issue SMSF trustees could run into when attempting to provide rent relief for struggling tenants. The prohibition against providing financial ...

SISFA relaunches membership to SMSF trustees

ELIZA BAVIN  |  THURSDAY, 21 MAY 2020
... Independent Superannuation Funds Association (SISFA) has redesigned and is relaunching its membership offering for SMSF trustees. SISFA said through existing communication channels and those of new associated partners and sponsors, up to 200,000 SMSF ...

Trustee behaviour in a COVID-19 world

ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
... they assist in the illegal early release of super. Under the government's ERS scheme, a number of key issues face SMSF trustees and navigating those issues can be complex, as the ATO releases new information day by day. Interestingly, there is no hard ...

SMSFs in flashback to 2008

ELIZABETH MCARTHUR  |  FRIDAY, 27 MAR 2020
... the weekend, Pinnell's wish had been granted. The government's stimulus package included measures to help SMSF trustees cope with the fallout of COVID-19. In 2008 the minimum percentage withdrawal for the 2008-09, 2009-10, 2010-11 financial years ...

SMSF Association chair gets new gig

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 MAR 2020
... to grow and mature, while dealing with both new challenges and opportunities. "It's more important than ever that SMSF trustees have access to independent professionals for whom SMSF is their core business, such as Heffron." He added that Heffron has ...