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Changes to Superannuation Tax Rates Highlight Need For Greater Engagement
The recent decision by the Albanese Government to double the concessional tax rate on superannuation balances of more than $3 million has highlighted an underlying issue with superannuation more generally – the disconnect between Australians and...
Warning Signs – Why the Collapse of Cryptocurrency Exchanges Should Spark Discussion For Self-Managed Superannuation Funds
Recent news that Australian cryptocurrency exchange Digital Surge has gone into administration, combined with last month’s collapse of the FTX exchange has left many wondering what is happening in the crypto world, and why, and given how little...
SMSF-owned assets: Be compliant, not complacent
In FY21, Australia saw the greatest increase in newly established SMSFs since they first appeared in Australia in 1999. This burst of SMSF popularity has brought about a wave of Australians who are using the flexibility of an SMSF to indulge in...
Reciprocal auditing crackdowns: Tip of iceberg
Is ASIC’s enforcement of independence standards regarding reciprocal SMSF Auditing arrangements a glimpse into future crackdowns? The APES 110 Code of Ethics for Professional Accountants (including Independence Standards) (2018) outlined additional...
Your investment strategy is not a template
As a valued road map to your ultimate financial goals, a well-defined investment strategy is an essential step in retirement planning, which is often overlooked as a matter of legal conformity. Too often, we see poorly developed investment...
New ‘Bring Forward’ rules in a nutshell
With effect from 1 July 2020, if you are under 67 years of age at any time in a financial year, you may be able to make a non-concessional contribution up to three times the annual non-concessional contribution cap in that financial year depending...
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