SMSF trustees warned on increasing exposure to compliance risks affecting collectables
SMSFs can be increasingly exposed to various compliance risks surrounding collectables, as the asset class requires continued consideration of administrative impacts on the fund. In
Covenant pointless for SMSFs?
The imposition of a retirement income strategy on SMSFs under a new covenant will not create any benefit to funds members, but rather generate further
SMSF Association urges rethink on NALE
The SMSF Association is urging the Federal Government and the Federal Treasury to review the non-arm’s length expenditure (NALE) rules following an ATO ruling handed
Trustees more open to advice
The latest sector research has shown the economic instability resulting from the COVID-19 pandemic has seen a shift in attitudes toward financial advice, with SMSF
Can an SMSF own employee shares?
Employers are turning to alternative methods of rewarding employees as wage freezes become commonplace during the pandemic. With record-low wages growth of 1.4 per cent
SMSF scams are on the rise: Here’s how to fight back
The growing prominence of SMSFs has made them a ripe target for scammers. More and more Australians are opting to forge their own future with
Balancing discretion and direction approaches for death benefits
With the increasing number of court cases involving death benefits in SMSFs, greater care should be placed in evaluating discretion or direction approaches when it
ATO offers interim six-member solution
The ATO has announced an interim solution for the creation of six-member SMSFs as it finalises the necessary changes to the Australian Business Register (ABR)
