Tag Archives: SMSF Info News

NEWS – Maintain super fund choice and sole purpose

Certain characteristics currently embodied in the retirement savings framework, such as fund diversity (free choice of super fund) and the system’s sole purpose (savings for retirement) need to be maintained, according to a panel of senior executives. Speaking during a panel session … Continue reading

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

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?

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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NEWS – Possible reduction in Annual auditing for SMSFs? – Budget 2018

Business editor, Ian Verrender of ABC News online, allerted us to a less-known Budget proposal, to reduce SMSF annual auditing requirements. He writes – The details are sparse, the mention brief. But there at the top of page 41 in … Continue reading

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NEWS – Australian Federal Budget 2018 highlights

Here is a summary of the Budget offered this week – Here’s a quick guide to what’s been announced – and finally some good news for Super! Superannuation will give you less headaches Do you have superannuation payments sitting in … Continue reading

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NEWS – Labor’s excess dividend imputation credit policy unfairly targets SMSFs – SMSF Association

SMSF Association Media Release I 13 March – The SMSF Association strongly opposes the Federal Labor Party’s proposal to cancel cash refunds for excess dividend imputation credits. Association CEO John Maroney says refundable franking credits have been a well-established principle for nearly … Continue reading

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NEWS – Can you transfer property “in-specie” from one SMSF to another?

If a self-managed super fund (SMSF) is short on cash to roll over a member’s benefits, it is possible for a member to transfer a property ‘in specie’ to another SMSF? (Query posted at Advisor Voice.com). In NSW, transfers of property … Continue reading

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