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Showing 31 - 40 of 312 results for "SMSF trustees"

Hume advocates for affordable advice

KARREN VERGARA  |  WEDNESDAY, 20 JAN 2021
... is lengthy, costly and prioritises compliance and the needs of AFSLs over consumers." Current regulation prevents SMSF trustees obtaining the limited SMSF advice they require. "We believe every effort should be made to implement ideas and changes, even ...

SMSF fraudster charged

ANNABELLE DICKSON  |  THURSDAY, 29 OCT 2020
... investors. Craig Kirrin Gore was first arrested in April 2017 and charged with fraud after he obtained $800,000 from SMSF trustees between 2013 and 2014. Through his role at Arion Financial, Gore presented investors with information that they could invest ...

Bermuda-based fund launches down under

ALLY SELBY  |  WEDNESDAY, 23 SEP 2020
... former Barclays Capital vice president of equity and funds structured markets, who sees potential for the fund for SMSF trustees, self-directed investors and family offices seeking higher returns from their fixed interest assets. "The underlying assets ...

Unmet advice needs increases for SMSF trustees

ANNABELLE DICKSON  |  THURSDAY, 20 AUG 2020
... advisers stands in the way. The Vanguard Investment Trends Planner Report revealed a 6% increase in the number of SMSF trustees with unmet advice needs in investment strategy, retirement planning and tax planning. Only 39% of the 3000 SMSF trustees surveyed ...

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 ...