FSCP: ATO portal access could offer safeguard

by

Ed.

From www.professionalplanner.com.au: FSCP cases reveal that financial advisers can be held accountable for inappropriate excess non-concessional contributions, underscoring the potential benefits of ATO portal access for the profession.

In one case, an adviser recommended excessive contributions without considering the client’s existing arrangements, leading to significant tax implications.

Filed under: Professional Practice