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Showing 61 - 70 of 133 results for "SMSF members"

ATO affirms SMSF event-based reporting rules

KARREN VERGARA  |  FRIDAY, 10 NOV 2017
... or more will be subject to an event-based reporting regime from 1 July 2018, the Australian Tax Office announced. SMSF members have 28 days after the end of the quarter to report an event, which would include the commencement or commutation of a retirement ...

BGL enhances life insurance solution

KARREN VERGARA  |  MONDAY, 6 NOV 2017
... Simple Fund 360 clients have automated access to AGI's SMSF Master Insurance Plan, a product specifically designed for SMSF members. BT Financial Group recently enhanced its Panorama SMSF solutions by partnering with BGL, providing accountants and advisers ...

Transfer balance cap reforms could hurt grieving SMSFs

JAMIE WILLIAMSON  |  MONDAY, 30 OCT 2017
... outcome of the new superannuation regime that has received little attention and the association is concerned that many SMSF members and their advisers are 'blissfully ignorant' of the impact of these changes regarding the payment of death benefits," ...

Members better off with equal representation: AIST

KARREN VERGARA  |  TUESDAY, 10 OCT 2017
... John Maroney recently told a Senate Committee employees have the fundamental right to choose their own super fund - SMSF members are not the only ones affected by lack of choice. "All employees should have the right to enter the fund of their choice ...

More time needed for TBAR transition: SMSFA

JAMIE WILLIAMSON  |  MONDAY, 25 SEP 2017
... members with a super balance of more than $1 million, believing such a measure would severely reduce the number of SMSF members who would be required to comply with the new TBAR obligations. In regards to the flexibility measures recommended by the industry ...

Multi-member SMSFs shun risky investments: Research

EMMA RAPAPORT  |  FRIDAY, 22 SEP 2017
... one that more investors are familiar with. The report also suggests men are bigger risk takers than women with male SMSF members holding a greater share of their assets in higher-risk investments such as domestic shares and property. SuperConcepts general ...

Melbourne to host SMSF expo

KARREN VERGARA  |  MONDAY, 7 AUG 2017
... association. As at March, SMSFs accounted for 32% or $674 billion of total superannuation assets. There were about 1,120,117 SMSF members of 590,742 funds, according to the ATO. The expo will run over three days starting on 27 April 2018 at the Melbourne ...

LRBA loophole for SMSFs removed

EMMA RAPAPORT  |  THURSDAY, 11 MAY 2017
... member's accumulation account will be credited in the member's transfer balance account. In effect this will make some SMSF members think twice about taking on a LRBA to invest in property, as this may trigger the $1.6 million transfer balance cap in ...

SMSFs hit hard by super reform

KARREN VERGARA  |  TUESDAY, 9 MAY 2017
... contributions, with 25.9% aged 49 and over more likely to be affected, Class' report said. "For a significant percentage of SMSF members, the super reforms legislated in 2016 could throw a hefty spanner into their contributions strategy and overall wealth ...

Need for SMSF specialists growing

JAMIE WILLIAMSON  |  TUESDAY, 4 APR 2017
... Investor (30%) and the Controller (35%). CBA head of SMSF customers Marcus Evans said that as the sector matured, SMSF members have become increasingly diverse. "While all SMSF investors share a taste for independence and a desire to take control of ...