Category Archives: News & Stats

NEWS – Increased scrutiny of the regulator – ATO – good for the SMSF sector

Posted on December 13, 2019 by

The increased scrutiny of SMSFs by the ATO has been positive for the sector and will add to its long-term success, according to SMSF technical specialist Heffron, which also praised the regulator for its work to date. Heffron managing director, … Continue reading →

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NEWS – ATO proposes to include SMSFs in Real-Time reporting

Posted on October 21, 2019 by

As SMSF trustees who run their Self-Managed Super Fund (SMSF) we need to keep up with new developments to stay up to date and be prepared and proactive. With the moves towards integrity and accuracy in the superannuation industry in … Continue reading →

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NEWS – The $450 rule of no super to pay affects 400,000 people

Posted on August 21, 2019 by

If an employee earns less than $450 in a MONTH, there is no obligation to also pay any super for the employee, by the employer. But there can be people who work multiple part-time jobs and will miss out some … Continue reading →

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The ATO has updated its valuation guidelines in order to clarify when a reasonable estimate can be used for valuing pension assets when reporting to the ATO

Posted on May 31, 2019 by

SMSF Advisor reports – In an updated version of its valuation guidelines, the ATO has clarified that SMSF professionals and their clients can use a reasonable estimate for determining the value of assets that support a pension when reporting to … Continue reading →

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NEWS – Pension phase to become redundant??

Posted on March 18, 2019 by

A sector strategist has suggested drawing a pension from an SMSF may no longer be necessary if Labor’s change to refundable imputation credits is introduced. “I Love SMSF” founder Grant Abbott told delegates at his recent strategy session in Sydney … Continue reading →

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NEWS – TRIS – Transition to retirement (or TTR) now seen as a short-term strategy

Posted on September 17, 2018 by

Darin Tyson-Chan at smsmagazine.com.au reports on advice by Grant Abbott who said a Transition to retirement income stream (TRIS) or Transition to Retirement (TTR) is now seen as a short term strategy with recent changes in the last 12 months. … Continue reading →

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NEWS – Is your SMSF worse off due to poor advice?

Posted on July 12, 2018 by

ASIC has found that 10% of SMSF set up advice is likely to leave people significantly worse off, with 91% of SMSF set up advice files not complying with the law. The regulator reviewed 250 client files randomly selected from … Continue reading →

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