More than 16,500 SMSFs are being scrutinised by the ATO as they allegedly reported certain classes of assets at the same value for at least three income years.
Financial Planning
Removed super no longer protected from creditors: court
A recent Federal Court ruling has found that the transfer of super from a husband to his wife’s superannuation account is no longer protected as an interest of the bankrupt in a regulated super fund under the Bankruptcy Act 1966.
Aged care report goes to the heart of Australia’s tax debate
The Aged Care Taskforce was asked to report on how to fund aged care around the country. In so doing, it took a side in Australia’s national tax ‘tragedy.’
Countries producing the most solar power by gigawatt hours
Check out the countries that produce the most solar power.
Could your SMSF do with more diversification?
Australian Tax Office Office data shows a high percentage of SMSFs are lacking portfolio diversification.
Planning financially for a career break
A pause in super contributions can have long-lasting effects. Here's how to plan ahead for super breaks.
Investment and economic outlook, February 2024
Region-by-region economic outlook and latest forecasts for investment returns.
Investment and economic outlook, February 2024
Region-by-region economic outlook and latest forecasts for investment returns.
Latest stats back up research into SMSF longevity and returns: educator
There was a dramatic decrease in the number of SMSF wind-ups from 2018 to 2023, indicating that the SMSF sector is outperforming APRA funds in both returns and customer satisfaction, says a leading educator.
Regular reviews and safekeeping of documents vital: expert
Keeping track of all documents relating to an SMSF trust deed is important if an estate planning issue arises, says an industry expert.
Trustee decisions are at their own discretion: expert
A trustee doesn’t need to show reasons why they made a decision, they will only need to show they followed a proper decision-making process, says a specialist legal adviser.
Illegal access nets $637 million
The ATO has found $637 million of superannuation savings has left the system due to illegal early access carried out through SMSFs.