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Showing 51 - 60 of 1274 results for "SMSFs"

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 ...

Senate inquiry to scrutinise proposed franking credit rules

ANDREW MCKEAN  |  THURSDAY, 9 MAR 2023
... Jones said. In contrast, Wilson Asset Management chair Geoff Wilson said the Bill will mainly impact low-income earnings, SMSFs, and retirees. "The Australian government doesn't appear to fully understand the importance of the franking system, as ...

Advice complaints decelerate: AFCA

KARREN VERGARA  |  WEDNESDAY, 8 MAR 2023
... which may have declined but tended to be more complex in nature. One example, Singh said, is advisers taking low-balance SMSFs and moving assets into property. Some relate to systemic or business model issues, while others concern under- and over insurance. ...

Chalmers' promise to end super wars foiled by criticism

ANDREW MCKEAN  |  THURSDAY, 2 MAR 2023
... a reduced concessional rate would be our preferred option," Burgess said. "Initial fears of a hard cap targeting certain SMSFs with high balances appear to have thankfully not be realised. These initial concerns primarily revolved around the potential ...

Super tax break crackdown to hit $410bn in savings

ANDREW MCKEAN  |  WEDNESDAY, 1 MAR 2023
... This suggests that individuals with significant balances in retail funds may have migrated to self-managed super funds (SMSFs), Rainmaker Information said. This is another case study of how retail super has lost the superannuation war, it added. According ...