SMSF Adviser - News for Australian SMSF professionals
WEBGet the latest news and opinions delivered to your inbox each morning. SMSF Adviser keeps specialists up-to-date with compliance, regulatory and legal developments while arming them with the knowledge and insight.
Gen X and Millennials lead SMSF establishments again
WEB1 day ago · Steele said that based on the Class data, Gen X is continuing to drive establishments accounting for just under 53 per cent of all SMSFs, with Millennials just under 28 per cent. “That combination is up slightly to 80.6 per cent from 76.4 per cent the year before. While the latest data from the ATO from FY22 shows the …
Data collection will become more important, frequent as industry …
WEB11 hours ago · A. A. Data collection and cyber security will become more important as the SMSF sector continues to grow, according to industry leaders. Speaking at the launch of the Class Annual Benchmark Report, Peter Burgess, SMSF Association CEO, said as the industry heads towards a trillion dollars in assets, the government – particularly the ATO ...
TBAR lodgment and asset valuation on ATO checklist
WEB11 hours ago · A. The ATO has reminded SMSF trustees that if they have made any transfer balance account events in the last quarter, a TBAR must be lodged by 28 October 2024. The regulator said SMSFs must report certain events that affect members' transfer balance account (TBA) quarterly using transfer balance account reporting (TBAR).
Class highlights $825m tax risk and unmet advice needs in new …
WEB1 day ago · Division 296 tax could cost Class members $825.3m. Class’ new benchmark report also tapped into other important issues troubling the sector, including the unresolved Division 296 tax. According to Class, more than 16,500 of its SMSF members could be adversely affected by the proposed Division 296 tax. …
Latest Australian SMSF News - SMSF Adviser
WEB3 days ago · 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.
Government finally ready to tackle legacy pensions with new ...
WEB2 days ago · In a statement on Tuesday, the Financial Services Minister said the government has opened consultations on the Treasury Laws Amendment (Self-managed superannuation funds—legacy retirement product conversions and reserves) Regulations 2024. By becoming a member, I agree to receive information and promotional messages from SMSF Adviser.
Downsizer super contributions drop off - SMSF Adviser
WEB2 days ago · A. A. A. The number of people taking up downsizer contributions has dropped from a high in the 2021–22 financial year – the height of the COVID-19 pandemic. ATO data has revealed that downsizer super contributions fell from 19,700 in 2021–22 to 13,000 for the 2023–24 period. Despite this decrease, the current figures are still double ...
SMSF Professionals Guide FY23–24: Streamlining the delivery of ...
WEBWhile lucrative, managing an SMSF can be incredibly complex, with trustees responsible for delivering strong investment outcomes for members while also ensuring compliance with ever-evolving tax and regulatory obligations.
Winners of the 2022 SMSF Awards unveiled - SMSF Adviser
WEBAug 29, 2022 · SMSF Adviser would like to congratulate this year’s winners. SMSF Award winners for 2022: ADMINISTRATION PROVIDER: HEFFRON. Highly commended: Aquila Super. SMSF DOCUMENT PROVIDER: ACIS. Highly commended: LightYear Docs. AUDIT PROVIDER: ASF AUDITS. Highly commended: Aquila Super. ACTUARIAL CERTIFICATE PROVIDER: ACCURIUM.