Social media joins SMSF community: ASX
here were 909,188 members of self-managed superannuation funds (SMSFs) at June 2012, Australian Tax Office data shows. Also, SMSFs held the largest proportion of superannuation funds – 31.5 per cent,...
View ArticleSuper reform to be set in stone before election: The Australian
SUPERANNUATION savers over the age of 60 should be early beneficiaries of the government’s move to raise the concessionary contribution cap from $25,000 to $35,000, with Superannuation Minister Bill...
View ArticleBudget 2013: Government to raise over $800 million through superannuation...
The government is set to raise $820 million over the next four years through a suite of changes to the superannuation system, including higher concessional contribution caps and changes to retirement...
View ArticleBudget 2013 – Changes made to tax for superannuation: SkyNews
New superannuation rules increasing taxes for the wealthy and reducing tax for those on lower incomes have been confirmed in the federal government’s budget. There will be a new 15 per cent tax on...
View ArticleGetting a super education for SMSF trustees: The Age
New rules are expected to come into force on July 1 that will compel SMSF trustees who break super laws to undertake mandatory education. So exactly what do you need to know to run a super fund and...
View ArticleThe impact of the Government’s superannuation changes on SMSFs: SMSF Essentials
ssuming the Government’s proposed changes to superannuation become law, they are likely to have a significant impact on certain super fund members. DBA Lawyers’ Daniel Butler and Tina Conitsiotis...
View ArticleApproach SMSFs with caution and a lot of cash: The Australian
FAR too many people are being steered towards starting self-managed super funds by accountants who are not aware of the many duties and responsibilities such a move involves. So says Phil Kearns, the...
View ArticleCall for super safety net: SMH
The Gillard government has left the door open for an industry-wide ”last resort” compensation scheme for losses racked up by superannuation funds, including self-managed funds, even after a key review...
View ArticleRogue property advisers turn their sights on SMSFs: SMSF Essentials
SMSFs may be booming – but the unwary can also find themselves within the sights of a small number of dodgy property advisers and mortgage brokers, writes Damon Taylor. If one looks at the...
View ArticleASIC investigates four Melbourne SMSF property spruikers over alleged...
Four Melbourne businesses running seminars on investing in real estate through self-managed super funds are being investigated by ASIC over the potentially misleading nature of flyers, advertisements...
View ArticleSPAA welcomes sensible SMSF growth
The SMSF Professionals’ Association of Australia (SPAA) has welcomed statistics that the self-managed super fund (SMSF) sector is growing at a steady pace and not booming out of proportion to the wider...
View ArticleAccountants ready to enter SMSF space, despite costs
A quarter of SMSF Professionals’ Association of Australia (SPAA)-member accountants are set to apply for a limited licence or become an Authorised Representative (AR) of a licensee despite the fact...
View ArticleSMSFs are a growth industry, but it can be a thicket in wait : SMH
I fielded a comment last weekend while giving a talk at the Trading and Investing Seminars and Expo in Sydney. ”Do we have to be able to trade foreign exchange to run a self-managed super fund?” Scary....
View ArticleUgly super reform plans in the balance until after the election : SMH
Hopefully it will not be too long before Australians can cease living in what has been a Clayton’s federal election campaign, announced way back in February. The damage to superannuation’s reputation...
View ArticleSuper members less keen on SMSFs : MoneyManagement
A smaller proportion of both retail and industry super fund members intends to leave and set up a self-managed super fund (SMSF) compared to 2012, according to the Vanguard/Investment Trends 2013 SMSF...
View ArticleSMSFs ‘sick’ of institutional fund managers – SMSFadviser
Fund managers who are large shareholders in their own fund offer an attractive vehicle for SMSF trustees to invest in, according to Cadence Capital Limited. The ASX Listed Investment Company, which...
View ArticleNext wave of SMSF growth fuelled by Gen Y : FinancialStandard
Statistics indicate that advisers and Australian Prudential Regulation Authority (APRA)-regulated funds that want to take advantage of the next wave of growth in the bourgeoning self-managed...
View ArticleAccountants expected to flood advice space : FinancialStandard
An increasing number of accountants are expected to enter the financial planning space after realising that the effort it takes to get a limited licence is almost the same as it takes to get a full...
View ArticleKey super measures left in limbo: SMSFadviser
Several major superannuation changes that will impact SMSF practitioners have been left in limbo, with parliament not sitting again until the election. Following the announcement of sweeping changes to...
View ArticleAccountants to lead advice influx : SMSFadviser
The introduction of a limited licence and removal of the accountants’ exemption means we are currently looking at the biggest growth opportunity in financial planning in years, says Count Financial...
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