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Showing 1 - 10 of 40 results for smsfa self managed super fund association

Proposed super tax obfuscates legacy pensions rules: SMSFA

KARREN VERGARA  |  WEDNESDAY, 24 APR 2024
... confusion surrounding legacy pensions and reserves, and how they should be calculated, according to the SMSF Association (SMSFA). The SMSFA is calling for an amnesty for legacy pensions in the upcoming federal budget as current draft regulations proposing ...

Conference to address major SMSF issues

KARREN VERGARA  |  TUESDAY, 13 FEB 2024
... as well as learn about critical issues affecting the sector from a suite of experts, according to the SMSF Association (SMSFA). Heffron SMSF Solutions managing director Meg Heffron will be taking part in a panel at the annual SMSFA conference, which ...

Super tax change to impact SMSF members: Research

CASSANDRA BALDINI  |  WEDNESDAY, 11 OCT 2023
... International Centre for Financial Services (ICFS) at the University of Adelaide and commissioned by the SMSF Association (SMSFA), it is expected that members whose additional tax liability averages over $80,000 during FY20 and FY22 will experience an ...

NALI measure receives mixed response

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAY 2023
... it involves related entities, so determining a 'market rate' can be difficult, costly, and often subjective." The SMSFA remains of the view that the 2019 NALI changes were an overreach, he added. As for APRA-regulated funds, Association of Superannuation ...

Plans to remedy NALI, NALE issues welcomed

JAMIE WILLIAMSON  |  WEDNESDAY, 23 MAR 2022
... least trustees should be given an opportunity to rectify the transaction if NALE arose from an inadvertent mistake." The SMSFA added that the ATO has previously stated that if it's a general expense that is not on arm's length terms, and it relates to ...

ATO underestimates SMSF performance: Report

CHLOE WALKER  |  WEDNESDAY, 16 FEB 2022
A new report from the Self-Managed Superannuation Fund Association (SMSFA) and the University of Adelaide has found the Australian Taxation Office is increasingly underestimating the performance of SMSFs. The SMSFA and the University of Adelaide's International ...

Inquiry criticises gaps in CSLR

KARREN VERGARA  |  MONDAY, 31 JAN 2022
... association is backing for professional indemnity insurance to play a bigger role in the broader compensation framework. SMSFA chief executive John Maroney said that PII "is a vital component" for the long-term financial sustainability of the CSLR as ...

SMSFs given small LRBA win

KARREN VERGARA  |  TUESDAY, 23 FEB 2021
... capitalised because of COVID-19. This recent announcement by the Australian Tax Office was welcomed by the SMSF Association. SMSFA deputy chief executive and director of policy and education Peter Burgess said the option of capitalising interest in circumstances ...

ASIC zeroes in on bad SMSF advice, conduct

KARREN VERGARA  |  TUESDAY, 23 FEB 2021
... needs project has received over 480 submissions, the majority of which came from financial advisers and accountants. The SMSFA in its response expressed concerns over the costly, lengthy process, as well as the fact that compliance of licensees takes ...

The future of quality advice: SMSFA

ANNABELLE DICKSON  |  THURSDAY, 18 FEB 2021
... ensure the future of a quality financial advice business. Speaking at the Self-managed Superannuation Fund Association (SMSFA) National Conference, Deloitte director of wealth advisory practice Mark Ryan explained reflecting on the lessons of the Royal ...
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