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Search ResultsShowing 1 - 10 of 100+ results for "SMSFs"
Super sneaks back to $3tn in assets
ELIZA BAVIN  |  TUESDAY, 24 NOV 2020
... including approximately $34 billion paid under the early release of super scheme (ERS) which came into effect on 20 April 2020. SMSFs also lost out in the September quarter with assets falling 4% compared to last year, coming in at $728.2 billion compared ...
ASIC takes SMSF accountant to court
ANNABELLE DICKSON  |  TUESDAY, 24 NOV 2020
... 2019, Thorne was a representative of former AMP subsidiary SMSF Advice and was found to have advised clients to establish SMSFs without considering their personal circumstances. The regulator found that Thorne did not adequately stress-test SMSF strategies ...
SMSFs are cost-effective, deliver for members
KARREN VERGARA  |  MONDAY, 23 NOV 2020
... industry funds a run for their money in terms of fees and returns. Joint research by the SMSF Association and Rice Warner found SMSFs with $200,000 or more are cost competitive with both industry and retail super funds. Balances of $500,000 or more are ...
Federal Court freezes investment scam, winds up SMSF operator
ANNABELLE DICKSON  |  TUESDAY, 27 OCT 2020
... Investments marketed itself as a direct property development investor and received around $2.4 million in funds from 28 different SMSFs in the period from early 2017 to late 2019 but did not hold a licence. Naseeruddin encouraged investors to move their ...
SMSF changes unlikely to mushroom new funds
KANIKA SOOD  |  FRIDAY, 25 SEP 2020
Allowing more members in SMSFs is unlikely to spur their establishment rates, according to a submission by University of Sydney's Susan Thorp. Earlier this month, a bill to increase the maximum number of SMSF members from four to six was reintroduced ...
Retail fund satisfaction drops
ELIZA BAVIN  |  WEDNESDAY, 23 SEP 2020
... was felt by self-managed super funds, down a significant 10.4% points to 67.1%. In the same period last year those with SMSFs were the most satisfied but is now at its lowest in eight years since September 2012. The report found UniSuper has the highest ...
SMSF member increase bill reintroduced
ANNABELLE DICKSON  |  THURSDAY, 3 SEP 2020
... memorandum for the bill said: "For families with more than four members, currently the only real options are to create two SMSFs (which would incur extra costs) or place their superannuation in a large fund." The SMSF Association welcomed the changes ...
Unmet advice needs increases for SMSF trustees
ANNABELLE DICKSON  |  THURSDAY, 20 AUG 2020
... provide planners great solutions to diversify their clients' portfolios. They are low-cost, easy to implement and provide SMSFs access to different markets and asset classes, as well as liquidity benefits," Pope said.
ATO clarifies part disposal rules: DomaCom
ANNABELLE DICKSON  |  TUESDAY, 18 AUG 2020
... industry or retail funds. "For investors, DomaCom's Senior Equity Release delivers 3% income plus capital growth and may suit SMSFs in accumulation mode as well as institutions seeking reliable long-term income and growth," Naoumidis said. It comes as ...
ATO announces SMSF age limit changes
ELIZA BAVIN  |  FRIDAY, 14 AUG 2020
The Australian Taxation Office (ATO) has confirmed changes to age limits on super contributions for SMSFs. The ATO the changes have been made as part of its Superannuation - improving flexibility for older Australians measure. Changes, which were effective ...
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