Cost of living delays retirement
From www.thesenior.com.au: The rising cost of living is forcing many retired Australians, like 69-year-old Lydia, to return to work or delay their retirement to … read more
Superannuation
A serious attempt to fix the retirement phase of superannuation
From www.themandarin.com.au: The Grattan Institute has proposed government annuities to enhance Australia’s superannuation system, addressing the complexities retirees face in converting accumulated savings into … read more
$3m super tax bill taken off debate schedule again
From www.smsfadviser.com: The Better Targeted Superannuation Concessions bill has been removed from the Senate debate schedule, indicating the government’s uncertainty about securing enough votes … read more
SMSF sector continues to grow
From www.smsfadviser.com: The average balance in a self-managed super fund (SMSF) has increased by over 20% according to the latest ATO statistics, with assets … read more
Beware when transferring property title
From www.smsfadviser.com: SMSF trustees must obtain a clearance certificate and provide it to the purchaser when selling or disposing of Australian real property to … read more
CA ANZ pushes for government to scrap super tax policy
From www.accountantsdaily.com.au: CA ANZ is urging the government to abolish the Superannuation (Better Targeted Superannuation Concessions) Bill 2023 due to significant design flaws, including … read more
legacy pension commutation when asset test involved
From www.smsfadviser.com: SMSF trustees should avoid making changes to legacy pensions that are exempt from the asset test until a clear government position is … read more
TR 2013/5 workable solutions needed
From smsmagazine.com.au: The SMSF Association has called for additional ATO guidance regarding anomalies related to Taxation Ruling (TR) 2013/5, which affects compliance for death … read more
TBC increase can create problems
From www.smsfadviser.com: The increase in the transfer balance cap to $2 million is seen as beneficial, but it may create complexities for individuals based … read more
Are the benefits of investing in property with your super overstated?
From prosolution.com.au: Borrowing to invest in property through SMSFs has shown asset growth, but the potential benefits are often overstated, particularly regarding CGT advantages … read more
Industry funds cautioned to lift standards
From www.professionalplanner.com.au: Andrew Inwood, at the Chair Forum, warned that nearly 24% of superannuation members switch funds upon retirement, primarily due to financial advice. … read more
Recovery of Outstanding SGC
From cathropartners.com.au: The Superannuation Guarantee Charge represents the amount employers must pay for eligible employees when they miss mandatory superannuation contributions.
Starting from 1 … read more
Financial Services in Focus – Issue 98
From hallandwilcox.com.au: A roundup of recent developments in superannuation, financial product advice, financial markets, anti-money laundering, insurance, banking and other financial services regulation.… read more
Tips for winding up market linked pensions
From www.heffron.com.au: Many clients are considering winding up their large market linked pensions due to a recent amnesty, but there are potential downsides, such … read more
Does failure to make minimum pension payments really cause a super pension to cease?
From sladen.com.au: The ATO’s updated ruling TR 2013/5 states that failure to make minimum pension payments can cause a superannuation pension to cease, which … read more