With the Federal Government’s changes to superannuation all but certain, including the taxation of unrealised gains, self-managed super funds (SMSF) should start preparing for a shift in the compliance environment, particularly around the reporting and valuation of...
With the introduction of Division 296 all but certain, SMSF Trustees should prepare for a shift in the compliance environment, particularly around the reporting and valuation of fund assets. While Division 296 will target superannuation earnings on funds with balances...
Despite the Federal Government claiming changes to superannuation will make the system ‘more sustainable and fairer’, closer examination of the draft legislation reveals the measures are actually inequitable and unsustainable in the long term. At a simple level, plans...
It goes without saying that assets held by a Self-Managed Superannuation Fund need to be correctly valued and insured, but too many Trustees are not aware that failing to have an insurance policy over an asset held by the SMSF could cost them dearly in the case of an...
As we move ever closer to the proposed introduction date of the Federal Government’s changes to the superannuation system, it’s important to highlight that the Government has other options at its disposal, rather than going ahead with measures that significantly...
With Australia’s superannuation system based on the basic principle of putting money aside until retirement, it’s common knowledge that there are very few circumstances under which people are able to access funds early. However, for those who do successfully apply for...
