SMSF Adviser - News for Australian SMSF professionals
Tax promoter penalty changes must be delayed: SMSFA. News. November 08 2024. Proposed amendments to the tax promoter penalty laws risk further thinning the line between tax advice and scheme promotion, the SMSF Association has warned.
Latest Australian SMSF News - SMSF Adviser
News. SMSF Adviser keeps the SMSF sector up to date with the latest and breaking news, and is the authoritative source of information for legal, compliance and regulatory updates. SMSF Adviser’s news caters to all professionals in the SMSF sector, including accountants, financial planners and auditors.
Busting myths around death benefit payments - SMSF Adviser
1 day ago · Cullen said there are several other “myths” or questions surrounding payment of death benefits, including what happens if the recipient is under preservation age and has not met the condition of release on their own. “The fact is that the death of the primary member is the condition of release, so that makes everything unrestricted.”.
SMSF year-end considerations for 2023–24 - SMSF Adviser
Again, keep in mind that generally, for a pension payment to be recognised in the 2023–24 financial year it must leave the superannuation fund’s bank account no later than 30 June 2024. Not meeting the payment standards may result in the SMSF not being able to claim exempt current pension income (ECPI) with respect to retirement phase pensions.
Feature Articles - SMSF Adviser
Feb 26, 2024 · Shannon Smit: An award-winning offering. November 23 2022. Shannon Smit, CEO and founding director of Smart Business Solutions, was recently named the SMSF Adviser of the Year at the 2022 Women in ...
SMSF uptake of ETFs outpacing more traditional investments
Nov 6, 2024 · A. A. Investment in ETFs is the fastest-growing category for SMSFs, the CEO of one of the sector’s biggest software platforms has said. Tim Steele, CEO of Class, said there has been an upswing in the popularity of ETFs and although they only account for just over 5 per cent of assets in the SMSF sector, more than one-third of funds now have ...
Education - SMSF Adviser
Aug 22, 2024 · Education. Education and professional development is a fundamental component of providing your clients with quality advice, and standing out as a specialist in the market. SMSF Adviser brings you exclusive access to educational content to help you stay at …
ATO targeting SMSF auditor independence - SMSF Adviser
5 days ago · A. A. The ATO is targeting SMSF auditors who continue to defy independence rules, a senior technical specialist has warned. Shelley Banton, head of technical for ASF Audits, said that as part of its risk assessment program, the Australian Taxation Office (ATO) is reviewing high-risk auditors with independence issues involved in reciprocal ...
SMSF clients boosting advisers’ revenue - SMSF Adviser
The 18th annual edition of Investment Trends’ 2023 SMSF Adviser Report is based on an in-depth study of 185 SMSF advisers conducted between February and April 2023. It provides an in-depth analysis of how financial advisers interact with and service SMSF investors and their relationship with accountants.
When should an SMSF obtain an actuarial certificate?
Nov 5, 2024 · By Annie Dawson, Senior SMSF Technical Specialist, Heffron. November 06 2024. 5 minute read. Share. A. A. A. A trustee needs to obtain an actuarial certificate if the “proportionate method” is used to exclude all or part of a fund’s investment income from its assessable income.