Retirement income worry: Who worries and why?
Most older Australians – 53% – worry they’ll run out of money in retirement, research by National Seniors Australia has found. The survey also found
What type of dishonesty disqualifies a person from having an SMSF?
This article examines the nature of disqualification and what convictions can preclude a person from forever being an SMSF trustee/director. Given the serious consequences of
SMSF-specific education crucial
Advisers wishing to provide SMSF advice should be required to complete an SMSF-specific qualification, the SMSF Association (SMSFA) has said. In its budget submission for
SMSFA calls for phase-out of limited licensing
The SMSF Association has called for the phasing out of the limited licensing system for accountants, saying it forces SMSF clients to pay fees that
Catch-up concessional contributions
It’s been a long time coming but members are finally able to use the catch-up concessional contribution rules for the first time this year (2019–20).
SMSF lifestyle asset breaches under the microscope
The ATO has indicated it will be taking a closer look at lifestyle assets such as marine vessels, fine art and high-value motor vehicles in
Death benefit types affect minimum payments for pensions
When an SMSF member passes away midway through a financial year, the minimum pension payments for that year may not need to be met for
ATO flags Christmas shutdown for SMSF functions
The ATO has advised SMSF professionals that its systems will be unavailable during the period between Christmas and New Year due to planned upgrades. In
