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SuperStream rollover events clarified
The ATO has released examples of rollover events to support SMSF trustees in adhering to the SuperStream rules set to take effect from 1 October.
August 27, 2021
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The ATO has released examples of rollover events to support SMSF trustees in adhering to the SuperStream rules set to take effect from 1 October.
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
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
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
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
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
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
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
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)
The Treasury has confirmed how the new bring-forward rules will apply for people aged 65 and 66 on or after 1 July 2020. Last week,
The measures to extend the bring-forward age up to 67 and the bill to increase the number of members allowed in an SMSF have passed
As the end of the financial year approaches, it is a good time for trustees to do an annual check-up on their Self-Managed Super Fund.
The minimum pension drawdown rate will remain halved for another 12 months after the federal government announced an extension of the COVID-19 relief measure that
The ATO’s newly released March 2021 quarterly statistical report has revealed the total number of SMSFs will soon hit 600,000, with consistent growth seen across
The ATO has embarked on a new survey for SMSFs aiming to further gain a better understanding of the SMSF audience and market. The new
Superannuation measures in this year’s federal budget have been welcomed as being not too intrusive, but introducing necessary changes that were considered overdue by the
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