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Showing 1 - 10 of 1300 results for "SMSFs"

Super framework, SMSFs conducive to financial abuse: Inquiry

KARREN VERGARA  |  FRIDAY, 6 DEC 2024
... of domestic violence to access victims' retirement savings, while the current framework for self-managed super funds (SMSFs) enables financial abuse to flourish, a parliamentary inquiry found. The Parliamentary Joint Committee on Corporations and ...

$3m super tax faces axe, pushed to 2025

MATTHEW WAI  |  MONDAY, 2 DEC 2024
... not have the systems in place to calculate realised gains; hence unrealised gains and the determining factor in the tax. "SMSFs have always been able to calculate realised gains on a member level, so the tax was designed to accommodate the shortcomings ...

Total super assets hit $4tn milestone

ELIZA BAVIN  |  THURSDAY, 28 NOV 2024
... the SMSF sector surpassing the $1 trillion mark. Fresh data from the Australian Taxation Office found total assets held in SMSFs hit $1.02 trillion. This was backed up in the APRA data, showing SMSF assets grew by 10.9% in the September quarter.

SMSFs surpass $1tn milestone

MATTHEW WAI  |  WEDNESDAY, 27 NOV 2024
... statistics from the Australian Taxation Office (ATO) show the total assets held within self-managed superannuation funds (SMSFs) hit $1.02 trillion at September end. The total SMSF members grew to 1,173,867 in over 630,000 SMSFs, with over 10,200 new ...

$3m super tax faces uncertain future

ELIZA BAVIN  |  TUESDAY, 26 NOV 2024
... gains. To produce a policy measure that panders to large funds because they cannot calculate realised gains at the expense of SMSFs that can determine such at an individual level is lazy policy at best." Ali said the legislation would punish the SMSF ...

Super complaints rise in FY24: AFCA

ELIZA BAVIN  |  THURSDAY, 31 OCT 2024
... self-managed super fund (SMSF) classifications. "There is ongoing confusion in the advice space regarding the classification of SMSFs as wholesale. Some advisers incorrectly apply thresholds of $2.5 million in net assets or $250,000 income, instead of ...

SMSF Association announces board director changes

MATTHEW WAI  |  WEDNESDAY, 30 OCT 2024
... industry and enhance the quality of SMSF advice." Heffron is a SMSFA fellow and brings over two decades of experience in SMSFs; she looks forward to leveraging her expertise and contribute to the success and growth of the sector at a leadership level. ...

Mutual Trust adds three partners

ELIZABETH FRY  |  MONDAY, 14 OCT 2024
... management. The family office said Vanderpoel has a strong background in the investment management of private ancillary funds, SMSFs, trusts and family group portfolios. As for Pietropiccolo, he has been with Mutual Trust for five years, arriving from ...

$3m super tax edges closer to reality

MATTHEW WAI  |  THURSDAY, 10 OCT 2024
... constituents," SMSFA chief executive Peter Burgess said. Burgess said the tax will be more problematic than simply affecting SMSFs. "The combination of taxing unrealised capital gains and no indexation will also have a devastating impact on the venture ...

ASIC crackdown: Action taken against 13 SMSF auditors

ELIZA BAVIN  |  WEDNESDAY, 2 OCT 2024
... March 2024. "SMSF auditors are key gatekeepers responsible for the growing SMSF sector, providing assurance for 625,609 SMSFs with total estimated assets of over $990 billion," ASIC said. "SMSF auditors are crucial to upholding the integrity and confidence ...
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Super framework, SMSFs conducive to financial abuse: Inquiry

KARREN VERGARA
Lax superannuation laws make it too easy for perpetrators of domestic violence to access victims' retirement savings, while the current framework for self-managed super funds (SMSFs) enables financial abuse to flourish, a parliamentary inquiry found.

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