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Showing 551 - 560 of 1390 results for "SMSFS"

SMSFs in rebalancing flurry

KARREN VERGARA  |  THURSDAY, 18 MAY 2017
... a last-ditch effort to re-adjust balances head of the July 1 legislative changes to super. SuperConcepts' survey of 2750 SMSFs shows the average benefit payment from the December quarter increased from $16,256 to $27,900. The majority of members (60%) ...

Partnership empowers accountants to give advice

KARREN VERGARA  |  FRIDAY, 12 MAY 2017
... their SMSF clients, Golombick said. Class chief executive Kevin Bungard commented the importance of financial advice for SMSFs has been brought into sharp focus by the introduction of the super reforms. The impact of the super reforms on SMFSs members ...

LRBA loophole for SMSFs removed

EMMA RAPAPORT  |  THURSDAY, 11 MAY 2017
... to invest in property, as this may trigger the $1.6 million transfer balance cap in retirement. ATO statistics show that SMSFs currently hold $24.3 billion in LRBAs, with these financial instruments being predominantly used to invest in residential and ...

Super reform impacts AMP results

JAMIE WILLIAMSON  |  THURSDAY, 11 MAY 2017
... industry as customers transitioned to MySuper prior to 1 July 2017, consolidate their funds and allocate more investments to SMSFs, amid a changing regulatory environment. As a result, both Australian wealth management cash inflows and outflows were ...

SMSFs hit hard by super reform

KARREN VERGARA  |  TUESDAY, 9 MAY 2017
... which already breaches the $25,000 cap the government is imposing on 1 July 2017. Baby Boomers and Gen X employees with SMSFs have to put the brakes on retirement savings by the new, lower cap on concessional contributions, with 25.9% aged 49 and over ...

Terrible tax policies of the last 25 years

EMMA RAPAPORT  |  TUESDAY, 9 MAY 2017
... 5.2% of the increase in private sector employment," Eslake said. The decision to allow self-managed superannuation funds (SMSFs) to borrow for residential property investment - Howard/Costello, 2007 In 2007, during the last months of the Howard government ...

BTFG drags Westpac performance

KARREN VERGARA  |  MONDAY, 8 MAY 2017
... management up 19% and funds under administration hitting $3.9 billion. During the half, the firm integrated its superannuation, SMSFs, insurance and investments on its BT Panorama, which has about 19% of the wealth platform market. The group's alternative ...

SMSF rollovers hit $8 billion

DARREN SNYDER  |  MONDAY, 8 MAY 2017
... months to June 2016. Rainmaker analysis of APRA data also shows retail super funds made up nine of the biggest 10 outflows to SMSFs in the period. Retail funds seeing the largest outflows to SMSFs, by dollar value, included Macquarie Superannuation Plan ...

Unlicensed financial services' provider convicted

EMMA RAPAPORT  |  WEDNESDAY, 3 MAY 2017
... Funds. A 'round robin' scheme was operated by Ross whereby his clients transferred superannuation funds into newly created SMSFs. The SMSFs lent funds to Ross' company and then an amount, less a fee, was loaned by either Ross' company or personally by ...

Opposition floats SMSF borrowing ban

EMMA RAPAPORT  |  FRIDAY, 21 APR 2017
... Speaking to media this morning, Shadow Treasurer Chris Bowen said the policy will target a $24 billion borrowing "explosion" by SMSFs which has contributed to an overheated property market and a crisis in housing affordability. "We will restore the general ...