Part 1 examines the key characteristics of a sound SMSF succession plan including planning for control of the fund to pass into trusted hands in the event of a member’s death or loss of capacity.
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ATO reviewing all new SMSF registrations to stop illegal early access
The ATO said it is reviewing and assessing all new SMSFs before they can receive a registered or complying status on Super Fund Lookup (SFLU) as part of a program to stop illegal early access schemes.
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20 Years of Silicon Valley Trends: 2004 – 2024 Insights
Check out the 20 years of Silicon Valley Trends
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Compliance documents crucial for SMSFs
Failure to create, execute, perform and retain documents for an SMSF can leave a fund and its trustees unable to provide compliance evidence, warns a specialist legal expert.
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The biggest assets growth areas for SMSFs
What five years’ worth of SMSF asset allocation data reveals.
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Investment and economic outlook, October 2024
The latest forecasts for investment returns and region-by-region economic outlook.
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Caregiving can have a retirement sting
Around 3 million Australians are unpaid caregivers. Most face a super risk.
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Leaving super to an estate makes more tax sense, says expert
It is more tax effective to leave superannuation to an estate rather than a binding death benefit nomination to children, says an accounting expert.
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Be clear on TBA pension impact
The different operations of pensions passed onto a beneficiary can be confusing and SMSF members must understand how the will impact their transfer balance account.
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Treasurer unveils design details for payday super
The government has released further details about the design of its payday super policy including an updated super guarantee charge framework.
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Government releases details on luxury car tax changes
The draft legislation aims to modernise the luxury car tax by tightening the definition of a fuel-efficient vehicle and adjusting the indexation rate.
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Are you receiving Personal Services Income?
Do you earn personal services income (PSI)?
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Sofie Korac is an Authorised Representative (No. 400164) of Prudentia Financial Planning Pty Ltd, AFSL 544118 and a member of the Association of Financial Advisers.
Financial Advice Sydney and the North Shore Office based in Gordon NSW