SMSF Adviser - News for Australian SMSF professionals
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Class highlights $825m tax risk and unmet advice needs in new …
WEB4 days ago · Division 296 tax could cost Class members $825.3m. Class’ new benchmark report also tapped into other important issues troubling the sector, including the unresolved Division 296 tax. According to Class, more than 16,500 of its SMSF members could be adversely affected by the proposed Division 296 tax. …
Industry says legacy pension draft regulations ‘brilliant’
WEB4 days ago · Meg Heffron, director of Heffron, said the draft regulations were “brilliant” and finally provide a framework for unwinding legacy pensions cleanly and simply for members who choose to do so. “It seems amazing that six pages of legislation took this long to come about but at least we have something to consult about now,” Heffron said.
Data collection will become more important, frequent as industry …
WEB3 days ago · A. A. Data collection and cyber security will become more important as the SMSF sector continues to grow, according to industry leaders. Speaking at the launch of the Class Annual Benchmark Report, Peter Burgess, SMSF Association CEO, said as the industry heads towards a trillion dollars in assets, the government – particularly the ATO ...
Draft regulations released for SMSF legacy pension conversions
WEB4 days ago · A. A. A. The recently released exposure draft of Treasury Laws Amendment Instrument 2024 – SMSFs – legacy retirement product conversions and reserves marks a significant shift in how legacy retirement products are managed within the SMSF sector. Specifically, the regulations relax commutation restrictions on …
Downsizer super contributions drop off - SMSF Adviser
WEB5 days ago · A. A. A. The number of people taking up downsizer contributions has dropped from a high in the 2021–22 financial year – the height of the COVID-19 pandemic. ATO data has revealed that downsizer super contributions fell from 19,700 in 2021–22 to 13,000 for the 2023–24 period. Despite this decrease, the current figures are still double ...
Latest Australian SMSF News - SMSF Adviser
WEBNews. SMSF Adviser keeps the SMSF sector up to date with the latest and breaking news, and is the authoritative source of information for legal, compliance and regulatory updates. SMSF Adviser’s news caters to all professionals in the SMSF sector, including accountants, financial planners and auditors.
Feature Articles - SMSF Adviser
WEBFeb 26, 2024 · Shannon Smit: An award-winning offering. November 23 2022. Shannon Smit, CEO and founding director of Smart Business Solutions, was recently named the SMSF Adviser of the Year at the 2022 Women in ...
A detailed guide to SMSF rollovers and SuperStream
WEBJan 27, 2022 · A. While the ATO is taking a more educative approach in the transitioning phase of SuperStream, SMSF trustees and members should do their best to comply with the rules and timeframes to minimise unnecessary costs and anxiety. Overview. SMSFs have from 1 October 2021 been covered by the SuperStream rollover standards.
Winners of the 2022 SMSF Awards unveiled - SMSF Adviser
WEBAug 29, 2022 · SMSF Adviser would like to congratulate this year’s winners. SMSF Award winners for 2022: ADMINISTRATION PROVIDER: HEFFRON. Highly commended: Aquila Super. SMSF DOCUMENT PROVIDER: ACIS. Highly commended: LightYear Docs. AUDIT PROVIDER: ASF AUDITS. Highly commended: Aquila Super. ACTUARIAL CERTIFICATE PROVIDER: ACCURIUM.
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