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Showing 51 - 60 of 312 results for "SMSF trustees"

Planners heed SMSF risk warning

JAMIE WILLIAMSON  |  FRIDAY, 29 NOV 2019
... investment strategies is increasingly of interest to the tax office. Earlier this year, the ATO wrote to 17,700 SMSF trustees warning them their SMSF did not meet diversification requirements. About 99% of the SMSFs concerned were invested entirely in ...

SMSFs can meet aspirational lifestyle: Research

HARRISON WORLEY  |  TUESDAY, 22 OCT 2019
... $65,300, easily clearing ASFA's comfortable retirement standards. "However, our previous research has shown that many SMSF trustees are hoping to achieve more affluent lifestyles in retirement, with around a quarter of couples planning on spending over ...

SMSFs not for everybody: ASIC

HARRISON WORLEY  |  MONDAY, 14 OCT 2019
... it elsewhere?" ASIC also moved to warn Australians of the time intensive nature of managing a super fund, noting SMSF trustees spend more than 100 hours managing their SMSF each year. "Where people have limited investment decision-making experience or ...

Association policy lead to join Treasury

ELIZABETH MCARTHUR  |  THURSDAY, 15 AUG 2019
... consists of accountants, lawyers, financial planners, tax professionals and actuaries amongst others. It aims to assist SMSF trustees by providing them with education materials to assist in the running of their SMSF.

ATO warns of SMSF concentration risk

KRISTI CHENG  |  WEDNESDAY, 14 AUG 2019
... thousands of SMSFs warning of the risks of being too concentrated. The ATO announced it will be contacting around 17,700 SMSF trustees and auditors at the end of the month who they suspect may be holding 90% or more of their funds in one asset or a single ...

Advisers struggle with untapped SMSF market

KARREN VERGARA  |  FRIDAY, 12 JUL 2019
... that use financial planners however, have remained steady at an average of 209,000. One third (32%) of the 4927 SMSF trustees surveyed said they do not seek financial planners because of the lack of confidence in the adviser's expertise. Paying adviser ...

PYSP puts SMSFs at risk

HARRISON WORLEY  |  THURSDAY, 6 JUN 2019
... cancelled. With the Government's Protecting Your Super Package about to kick in, the SMSF Association is warning SMSF trustees to check the status of any super fund memberships they may hold as a means to accessing group life insurance. The association ...

SMSF wind-ups spike: ATO

ELIZABETH MCARTHUR  |  THURSDAY, 9 MAY 2019
... further explained the increase in SMSF wind-ups could simply be the passage of time. "The first cohort of original SMSF trustees is now reaching age 80-90 and their balances may be getting low or they have lost interest in running a SMSF. It is good ...

AMP overhauls wealth leadership

ELIZABETH MCARTHUR, JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2019
... driving innovations for our customers. "This is a talented group at the forefront of driving favourable outcomes for SMSF trustees, and I look forward to continuing the outstanding work we are known for in our sector," she said. Adrian Urquhart, who ...

Federal Budget: Industry responds

HARRISON WORLEY  |  WEDNESDAY, 3 APR 2019
... chief executive John Maroney praised the Government's light approach to super in this year's Budget. "Many SMSF trustees and their advisers are still experiencing the compliance impacts of the 2016 Budget changes that began on 1 July 2017, so ...