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Separate SMSF not needed for pensions
An SMSF educator has dispelled the commonly held misconception a new fund is required to be established when a member commences a pension and has confirmed drawdowns can be made from an individual’s...
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ATO makes SMSF courses available
The ATO has launched two educational courses for new and existing trustees, covering the establishment and winding-up phases of an SMSF, with an additional course on managing and administering a fund...
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MPs raise Div 296 tax worries
The teal independent MPs have called for amendments to the bill that will introduce the Division 296 tax, citing concerns about its potential impact on SMSFs, small businesses and farmers as key...
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Scam loss write-offs possible
A technical specialist has confirmed SMSF members who have been victims of an investment scam may be eligible for favourable tax treatment of the resulting loss in certain situations. Heffron head of...
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Residency rules misunderstood
Many SMSF trustees misinterpret the two-year residency rule that applies to the central management and control test and may breach it even if they return to Australia within a 24-month period,...
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High-yield credit fund launched
Global wealth manager Schroders has introduced an actively managed high-yield credit fund aimed at investors looking to diversify away from equities and term deposits. The Schroder Australian High...
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LRBA housing impact clarified
The SMSF Association has countered against claims the use of limited recourse borrowing arrangements (LRBAs) by SMSFs has contributed to rising property prices and worsened Australia’s housing...
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Term deposit returns less than zero
The interest rates on term deposits are on average below the level of inflation, effectively wiping out any real returns to cash investors, and with rates likely to fall further, SMSFs should consider...
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Voting by member balance flawed
The constitutions of companies acting as corporate trustees for SMSFs should avoid linking voting rights to member superannuation balances as this approach can introduce complexity and hinder equitable...
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Div 296 tax just about dead
The SMSF Association believes the Division 296 tax bill is unlikely to become a reality before next year’s election, but the government is continuing to act as if it is an active policy despite the...
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Residential property growth to cool
The residential property market has been forecast to experience a lower rate of capital growth in 2025 compared to previous years.
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Notes to SMSF accounts have critical role
The notes to the financial statements for an SMSF take on particular significance due to the special-purpose nature of these entities.
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Contributions deduction issue fixed
The ATO has corrected an error in its procedures with regard to allowing SMSF members to claim a tax deduction for personal contributions.
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Financial abuse risk higher for SMSFs
A parliamentary committee has called for a review into how superannuation is used to engage in financial abuse, noting the structure of SMSFs raises the risk of one member abusing another.
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Growth projected for EU Infrastructure
Growth is predicted for European-based infrastructure assets post-2025 by a global asset manager due to industry sector expansion.
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Fixed interest future promising
Global economic conditions have increased the prospect of good returns from fixed interest investments but active portfolio management will still be required.
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Company listings well down in 2024
The number of new company listing on the ASX in 2024 was at its lowest point for the past 20 years, with large caps dominating the year’s activity.
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Likely early super release review
The recent spike in the early release of super benefits on compassionate grounds could lead to a revision of these rules in the near future.
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Retirement savings level quantified
The latest analysis into superannuation has revealed the extent to which inflation has impacted the amount of savings a person needs in retirement.
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SMSF returns exceed 10 per cent
Returns across the SMSF sector were above 10 per cent during the 2023 financial year, reinforcing its competitiveness with APRA-regulated funds.
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