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Showing 1 - 10 of 127 results for "SMSF members"

Super tax is a 'wealth tax': Taylor

KARREN VERGARA  |  THURSDAY, 22 FEB 2024
... by the SMSF Association found the new tax could impact as many as 50,000 SMSFs. It estimated that 13.5% of 722,000 SMSF members would experience liquidity stress in meeting the new tax obligations. While it is a compulsory retirement savings system ...

Reforms will strengthen retirement advice: Experts

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2024
... QAR extend to qualified accountants who are "essentially locked out of the system" as there are some five million SMSF members who have unmet advice needs that they can tend to. Last year, assistant treasurer Stephen Jones revealed the first two tranches ...

SMSF Association blasts 'highly questionable' ASFA research

ANDREW MCKEAN  |  MONDAY, 11 DEC 2023
... Adelaide commissioned by the association shows that this proposed tax could have a negative impact on up to 50,000 SMSF members, with the mean additional tax liability exceeding $80,000 in 2020-21 and 2021-22. The University of Adelaide used financial ...

Super tax change to impact SMSF members: Research

CASSANDRA BALDINI  |  WEDNESDAY, 11 OCT 2023
... averages over $80,000 during FY20 and FY22 will experience an impact. According to the report, an estimated 13.5% of SMSF members would have experienced liquidity stress in meeting the new tax obligations. The SMSFA said the research, sourced from over ...

Young Aussies flock to SMSFs

KARREN VERGARA  |  THURSDAY, 14 SEP 2023
... strategies, the indexation of contribution caps, and the removal of the work test for people under the age of 67. SMSF members appear to be enjoying tax-free earnings in retirement phase compared to APRA fund members. In contrast, nearly one in two members ...

ASIC acts against illegal investment scheme operator

JAMIE WILLIAMSON  |  WEDNESDAY, 26 JUL 2023
... ASIC is suing the operator of several unregistered managed investment schemes that, among other investors, targeted SMSF members. Sasha Hopkins, director of The A Team Property Group, is facing civil action for alleged unlicensed conduct and running ...

SMSFs brace for more reforms: Expert

KARREN VERGARA  |  TUESDAY, 20 JUN 2023
... the $3 million cap is likely to impact 32% of clients. When it comes to conversations around these changes, 24% of SMSF members are actively initiating discussions with their adviser about the proposed tax increase on super balances over $3 million. ...

SMSF advisers navigate new regulation: Survey

CHLOE WALKER  |  FRIDAY, 16 JUN 2023
... the $3 million cap is likely to impact 32% of clients. When it comes to conversations around these changes, 24% of SMSF members are actively initiating discussions with their adviser about the proposed tax increase on super balances over $3 million. ...

SMSFs weather market storms: Report

CHLOE WALKER  |  WEDNESDAY, 26 APR 2023
... is no systemic underperformance when compared to APRA-regulated funds. "The research couldn't be clearer, helping SMSF members understand the benefits of asset diversification, and the performance headwinds encountered by small funds (balances under ...

SMSF sector hit the reset button: Research

CHLOE WALKER  |  TUESDAY, 28 FEB 2023
... now. "Healthy SMSF creation rates and robust benefit payment and net transfers into the sector show that even though SMSF members no longer seem to see these funds as the place to put their member contributions," Rainmaker said. "But they clearly still ...
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