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Showing 51 - 60 of 1278 results for "SMSFS"

SMSFs continue to fly solo

KARREN VERGARA  |  WEDNESDAY, 7 JUN 2023
... adviser at all, that figure has increased by 15% to 270,000 year on year. Consistent with prior surveys, the reasons why SMSFs reject advisers comes down to self-confidence - believing they can manage the investments on their own. Many deem themselves ...

Super fund ASX dominance stable: Research

KARREN VERGARA  |  WEDNESDAY, 17 MAY 2023
... otherwise, of investors to sell or buy these stocks. This explains, conversely, why despite the large level of ASX shares by SMSFs, they have only minor market influence: Their ownership is not concentrated," Rainmaker said. In essence, super funds prefer ...

Budget of missed opportunities: Industry

CASSANDRA BALDINI  |  WEDNESDAY, 10 MAY 2023
... as proposed in their consultation paper released in late March, given many small business premises and farms are owned by SMSFs, this new tax could drive up their costs substantially at a time of unprecedented cost of living increases," said SMSFA chief ...

NALI measure receives mixed response

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAY 2023
... however, the industry says it requires further consideration. In last night's budget, the government proposed that for SMSFs and small APRA-regulated funds, income that is currently taxable as NALI will be limited to twice the level of general expense ...

SMSFs weather market storms: Report

CHLOE WALKER  |  WEDNESDAY, 26 APR 2023
... between the SMSF Association and the University of Adelaide's International Centre for Financial Services (ICFS) has found SMSFs outperformed the APRA-regulated fund sector during the 2020 market contraction but underperformed in the ensuing bull market. ...

ATO keeping tabs on SMSF early access, tax avoidance

KARREN VERGARA  |  FRIDAY, 21 APR 2023
... superannuation funds as a vehicle for dodging tax and those who illegally access their retirement savings early. Of the total SMSFs in existence, 25% are operated by private wealth groups, according to Australian Taxation Office assistant commissioner ...

Superannuation changes limit tax benefits for top earners: ASFA

ANDREW MCKEAN  |  FRIDAY, 21 APR 2023
... contributions caps. The accumulation of large capital gains on business or real property assets is hugely problematic for SMSFs. "These [accumulated capital gains] have not been impacted to a great extent by changes to contribution caps as the increase ...

Curbing super tax breaks for the wealthy: Consultation opens

ANDREW MCKEAN  |  MONDAY, 3 APR 2023
... unrealised capital gains are at the top of the list. Burgess highlighted that including unrealised gains "unfairly targets" SMSFs, considering their exposure to direct property assets. The new tax could lead to business disruption and substantial transaction ...

Fund manager acquired by US fintech

JAMIE WILLIAMSON  |  THURSDAY, 30 MAR 2023
... authorised representative of Ballast Financial Management when he recommended clients with low superannuation balances establish SMSFs and invest in the Bateau Global Opportunities Fund. He failed to disclose to clients that he was the investment manager ...

Saxo launches managed portfolios

KARREN VERGARA  |  TUESDAY, 28 MAR 2023
... their investments but at the same time have access to professional management. In addition to self-directed investors and SMSFs, Prasad said SaxoSelect is ideal for financial advisers as options to add to their stable of solutions. "We wanted to bring ...