Event-based reporting imposed by the ATO has emerged as a significantly increasing challenge for advisers in servicing the SMSF sector. ow.ly/TTHS50StqBZ #SMSF #financialplanning #financialservices #ausbiz #accounting #superannuation #smsmagazine

There are limited options to handle any late payments made to members of an SMSF in wind-up, requiring awareness of what is still outstanding at the time. ow.ly/rFFX50StqOb #SMSF #financialplanning #financialservices #ausbiz #accounting #superannuation #smsmagazine

While the Division 296 superannuation tax rules won't apply until 1/7/25 they may not be law at that time if an early election is called. It took 9.5 months for the NALE bill to become law & I suspect that's because the end of the financial year was looming. SMSF Association Tracey Scotchbrook

Benefits paid from a superannuation-funded life insurance policy do not have different status to other benefits, unless held by a separate super vehicle. ow.ly/nPxj50SuiWK #SMSF #financialplanning #financialservices #ausbiz #accounting #superannuation #smsmagazine

Starting a new job after having legally retired will not mean a person will lose the tax benefits from an existing income stream. ow.ly/qcP550SuiXa #SMSF #financialplanning #financialservices #ausbiz #accounting #superannuation #smsmagazine

NALE - the gift that keeps giving...more headaches and less certainty. Hopefully it takes less time to fix the gaps then it did to get this bill into law.

🎧 Stay informed with the latest SMSF news this week, brought to you by our senior journalist Jason Spits at #TWTW. 💡 Access our latest edition of selfmanagedsuper magazine here: ow.ly/28v750Sv75t Follow us on social media to stay connected: ow.ly/mgwU50SqEql

A great read from my colleague Todd Wills on how SMSFs often lead and break new ground in the superannuation sector.

Seems we are back at square one in regards to NALI with the ATO ruling it will apply to all capital gains even if part of it was gained by non-arm's length dealings. This was the argument used in regards to general expenses but was changed after 5 years of debate.

Specialist SMSF accounting firm SuperGuardian has had disciplinary action taken against it by the TPB for a code of conduct breach. ow.ly/3MUk50SKCcv #SMSF #financialplanning #financialservices #ausbiz #accounting #superannuation #smsmagazine

SMSF trustees do not need a detailed breakdown of arm’s-length fees for any service charged to the fund, but will need to make a reasonable attempt to determine that figure. ow.ly/g2oN50SNQWF #SMSF #financialplanning #financialservices #ausbiz #superannuation #smsmagazine

Normally the transfer balance cap is calculated using December CPI figures but inflation is still high enough to make that call now and it will rise to $2m. Question for retirees is whether to start an income stream now or wait for the new threshold.

In a very long-awaited move the government has announced plans to allow #SMSF members to exit legacy pensions in a five year window that will open when draft regulations are approved. smsmagazine.com.au/news/2024/09/1…

✨ The latest edition of selfmanagedsuper quarterly emagazine is out now! Check it out here: ow.ly/z72X50TwPtu In this issue: 💡 We feature the publication’s annual SMSF roundtable where the thoughts of highly respected stakeholders were garnered as to a number of

After being stalled for 5 months the bill that will bring in the Division 296 tax on #superannuation balances has finally passed the lower house and will head to the Senate, where support is not assured. smsmagazine.com.au/news/2024/10/0… SMSF Association

Article of the Week: 2024 SMSF Roundtable: Confronting Current Hurdles Key industry stake holders share their views on some of the hottest superannuation topics during the annual SMSF roundtable. ow.ly/gasL50TIxpg Topics: Division 296 tax NALE Taxation Ruling 2013/5

The volatile nature of cryptocurrency will make its retention within an SMSF portfolio more difficult under the proposed Division 296 tax. ow.ly/iPTQ50Wj7Xh #SMSF #financialplanning #financialservices #superannuation #smsmagazine #CryptoAssets #Cryptocurrency #Crypto

Join Jason Spits for a quick roundup of this week’s most important SMSF news in the latest edition of The Week That Was — keeping you up to date on what really matters. Proudly sponsored by SMSF Compliance Audits – your trusted partner in SMSF compliance and growth. Find out

Join Jason Spits for a quick roundup of this week’s most important SMSF news in the latest edition of The Week That Was — keeping you up to date on what really matters. Proudly sponsored by SMSF Compliance Audits – your trusted partner in SMSF compliance and growth. Find out

For the second year in a row, the team at 𝙨𝙚𝙡𝙛𝙢𝙖𝙣𝙖𝙜𝙚𝙙𝙨𝙪𝙥𝙚𝙧 was honoured to receive the 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝘀 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗠𝗲𝗱𝗶𝗮 𝗼𝗳 𝘁𝗵𝗲 𝗬𝗲𝗮𝗿 – 𝗣𝗲𝗼𝗽𝗹𝗲’𝘀 𝗖𝗵𝗼𝗶𝗰𝗲 𝗔𝘄𝗮𝗿𝗱 at the 2025 Australian Financial Industry Awards