Super death benefit paid to grandchildren?
From cgw.com.au: Superannuation death benefits can typically be paid to a spouse, child, or individuals who are financially dependent on the deceased, but not directly to grandchildren.… read more
Superannuation
Does Base Salary Include Super?
From sprintlaw.com.au: Employers in Australia must decide whether to include superannuation in base salary, affecting payroll management, employee satisfaction, and compliance with legal obligations.
Clear communication and legal documentation align compensation strategies with business objectives and workforce expectations.… read more
Payday Super: Draft Legislation Released
From alvarezandmarsal.com: Employers must adhere to new rules for superannuation contributions, including strict payment timeframes and updated compliance frameworks.
Proactive measures and system upgrades are recommended to ensure timely payments and avoid penalties.… read more
What Happens to Your Super When You Die?
From sprintlaw.com.au: This guide explains how superannuation death benefits are managed and distributed in Australia, highlighting the importance of beneficiary nominations and tax implications.
It also reviews the necessity of regular updates and legal advice to ensure proper estate planning and distribution of funds.… read more
SMSF owners looking to global equities
From www.smsfadviser.com: Australian Self-Managed Super Funds owners historically focus on local assets, maintaining a strong home country bias despite the Australian market representing less than 2% of global equity opportunities.… read more
Equity-based compensation and timing of share repurchases
From www.sciencedirect.com: CEOs are less likely to repurchase shares when they sell equity, contradicting the idea that share repurchases are used opportunistically to inflate stock prices for personal gain.… read more
$11m penalty for “cookie-cutter” SMSF advice
From www.smsfadviser.com: DOD Bookkeeping Pty Ltd, formerly known as Equiti Financial Services, has been fined $11,030,000 for providing inappropriate “cookie-cutter” financial advice regarding self-managed super funds (SMSFs).… read more
Financial services provider penalised $11 million
From asic.gov.au: DOD Bookkeeping Pty Ltd, formerly known as Equiti Financial Services Pty Ltd, has been penalized $11,030,000 by the Federal Court for breaching conflicted remuneration rules and providing inadequate “cookie cutter” advice to clients regarding self-managed super funds.… read more
Maximise Your Retirement with a Pension Refresh Strategy
From atlaswealth.com: The pension refresh strategy allows Australian retirees to enhance their superannuation by converting an existing pension into the accumulation phase and starting a new pension with additional contributions.… read more
Super scams and fraud: Trustees to act now
From www.khq.com.au: ASIC has urged superannuation trustees to enhance their anti-scam and anti-fraud measures following a review that revealed weak practices in addressing scams that impact members’ accounts.… read more
Will spending boost your Age Pension?
From retirementessentials.com.au: Spending some savings can potentially increase income for retirees whose assets are just above the Age Pension cut-off.
From 20 March 2025, asset thresholds mean that reducing assessable assets can lead to eligibility for a part-Age Pension, providing financial benefits over time.… read more
Trustees reminded of minimum pension drawdown
From www.smsfadviser.com: The ATO has reminded SMSF trustees that they must make their minimum pension payments by 30 June for members receiving account-based pensions initiated after 20 September 2007.… read more
Clear communication when dealing with NOIs
From www.smsfadviser.com: Trustees are urged to evaluate their communication strategies regarding notices of intention, as highlighted by the Australian Financial Complaints Authority due to a rise in related complaints.… read more
Listed Investment Companies monthly performance: March 2025
From morningstar.com.au: Morningstar.com.au provides an overview of ASX-listed LICs’ performance for March 2025, highlighting trading status relative to net tangible assets.
The report, available in Excel format, offers insights into market trends and investment decisions.… read more
One LRBA can apply to multiple assets
From smsmagazine.com.au: A single limited recourse borrowing arrangement can be applied to multiple property titles if they are considered a unified physical object, as defined by ATO Self Managed Superannuation Funds Ruling 2012/1.… read more