SMSF Adviser - News for Australian SMSF professionals
Get the latest news and opinions delivered to your inbox each morning. Subscribe to our newsletter. SMSF Adviser keeps specialists up-to-date with compliance, regulatory and legal developments while arming them with the knowledge and insight.
ATO issues guidance on qualified audit reports - SMSF Adviser
5 days ago · A. The ATO has issued guidance to SMSF trustees on why auditors may issue a qualified audit report when SMSFs use an investment management service organisation. The regulator said SMSFs may hold investments where a service organisation maintains responsibility for managing the underlying assets. Examples of these investments include WRAP ...
Latest Australian SMSF News - SMSF Adviser
5 days ago · News. 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.
Shadow treasurer says SMSFs ‘integral’ to retirement system
6 days ago · A. SMSFs are an “integral” part of Australia’s retirement choices and the government cannot allow a “preferential regulatory regime” to apply to one sector of the superannuation system over another, the shadow treasurer has said. Speaking at the AFR Super and Wealth Summit on Tuesday, shadow treasurer Angus Taylor said retirement is ...
Winding up an LRBA can be done 2 ways - SMSF Adviser
Oct 29, 2024 · The second method of unwinding an LRBA is via transfer of sale proceeds, which involves selling the property to a third party and then transferring the net sale proceeds to the SMSF. “The second method requires the holding trustee, after being instructed by the SMSF, to sell the property to a third party,” Hallinan said.
Weighing up the pros and cons of including SMSFs under RIC
Oct 2, 2024 · During her session at the SMSF Adviser Technical Strategy Day 2024, Steed will unpack the pros and cons of potentially including SMSFs in the RIC, and offer practical strategies on how members could protect themselves against longevity risk while aligning their investment strategies with retirement income objectives.
Money - SMSF Adviser
Oct 10, 2024 · Get the latest news and opinions delivered to your inbox each morning. Creating and managing wealth for an SMSF client requires specialist understanding of products, markets and investment rules. SMSF Adviser brings you expert insight and high-level strategies so you can ensure the financial success of your SMSF clients.
Insurance inside SMSF needs to be reviewed every year
Oct 25, 2024 · A. Insurance in an SMSF should line up with a fund’s overall investment strategy and be reviewed every 12 months, says an industry expert. Aaron Dunn, CEO of Smarter SMSF, said in a recent technical update that insurance forms part of the investment strategy requirements of an SMSF, not only within the covenant but also within the operating ...
Feature Articles - SMSF Adviser
Feb 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 ...
SMSF year-end considerations for 2023–24 - SMSF Adviser
Again, keep in mind that generally, for a pension payment to be recognised in the 2023–24 financial year it must leave the superannuation fund’s bank account no later than 30 June 2024. Not meeting the payment standards may result in the SMSF not being able to claim exempt current pension income (ECPI) with respect to retirement phase pensions.