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Showing 71 - 80 of 471 results for %22New ATO%22

Employers unaware of YFYS, stapling: Study

ELIZABETH MCARTHUR  |  THURSDAY, 7 OCT 2021
... employers are clueless on what the Your Future, Your Super reforms - including stapling - mean and how to comply, according to new research. The study, commissioned by consumer experience consultancy CSBA and Fund Executives Association Limited (FEAL) ...

Failing Asgard super option to close

JAMIE WILLIAMSON  |  WEDNESDAY, 29 SEP 2021
... we open a BT Super account for your insurance, BT Super fees and costs (including insurance fees) will also apply to your new BT Super account," the document states. According to Rainmaker analysis, both Asgard and BT currently offer the same level of ...

SMSF establishments soar

ANNABELLE DICKSON  |  MONDAY, 6 SEP 2021
... shows. There are currently 597,900 SMSFs with 1.1 million members. Throughout the year ending June 2021, there were 25,312 new SMSFs established and 2187 windups. This is down on the year prior which saw 21,723 establishments and 15,856 windups of SMSFs. ...

ERS re-contributions won't be taxed

ELIZABETH MCARTHUR  |  FRIDAY, 3 SEP 2021
... contributions can be made between 1 July 2021 and 30 June 2030. The ATO clarified: "COVID-19 re-contribution amounts are not a new type of contribution. They are a personal contribution that we will exclude from an individual's non-concessional contribution ...

Family law super reform passes

ANNABELLE DICKSON  |  FRIDAY, 3 SEP 2021
... Super, HESTA and Women's Legal Service Victoria said the reform is an important win for victims of domestic violence. "This new law means women leaving violent relationships will have a better chance of getting their fair share of superannuation during ...

How will members respond to the YFYS test results?

KANIKA SOOD  |  WEDNESDAY, 1 SEP 2021
... letters is a key question for at least 13 funds. "It seems to me that the way that information is presented on the online [ATO] tool -- and I understand that this is currently still under improvement -- but it might be giving wrong signals to different ...

Industry Fund Services executive departs

KANIKA SOOD  |  FRIDAY, 13 AUG 2021
... years, Financial Standard's sister publication Industry Moves first reported. "Her role has been absorbed into a number of new roles including an operations manager and two quality and workflow roles," IFS chief executive Cath Bowtell said. During Olsen's ...

Multiple accounts already in sharp decline

ELIZABETH MCARTHUR  |  THURSDAY, 12 AUG 2021
Ahead of the stapling reforms being implemented, a new research paper from the Association of Superannuation Funds of Australia (ASFA) shows multiple super accounts are already in sharp decline The paper outlines the fact that ATO data suggests there ...

Vale Murray Wyatt

JAMIE WILLIAMSON  |  TUESDAY, 27 JUL 2021
... Retirement Savings Centre of Excellence, and was a member of the Superannuation Advisory Committee established by industry and the ATO to advise government. He also regularly presented on retirement issues for other industry bodies including the Association ...

Stop abusers hiding super: AIST

ELIZABETH MCARTHUR  |  FRIDAY, 2 JUL 2021
... lower superannuation balances than their former spouses. "Superannuation is often the biggest asset in a relationship. This new measure will speed up what can be a very difficult process and make a significant difference to the financial wellbeing of ...