In what can only be viewed as a “big win” for the self-managed super fund industry, the Government has decided not to proceed with the new related party acquisition and disposal rules from 1 July 2013. Momentum had been building from within the industry for trustees and professionals to apply pressure on their local MPs … Continue reading »
Everybody’s appetite for risk differs. When it comes to superannuation, managing risk is typically isolated to death and disability. However, with the continued growth of superannuation, we have seen in recent years an increasing propensity for politicians to make change, ranging from contribution caps through to taxation on contributions and fund earnings. This continued uncertainty … Continue reading »
As the end of the financial year fast approaches, tax planning is an important consideration for SMSF trustees who are looking to maximise opportunities available within their self-managed super fund. Join Aaron for this one hour webinar, where he will discuss a range of tips and traps leading up to 30 June, along with some … Continue reading »
Once upon a time, there was an accountant who was keen to grow his practice and build on his SMSF expertise. He did his research and decided that some form of ASIC licensing would be a good idea. He wasn’t wanting a change in career, but he did want to expand his service offering. He did his … Continue reading »
The growing popularity of property investment within self-managed super funds (SMSF) has certainly attracted a new breed of SMSF trustee, but has also attracted the interest of the Australian Taxation Office and ASIC as they continue to regulate this growing sector. It is important that individuals investing in property for their retirement understand the key … Continue reading »
The use of social media continues to grow significantly – it has truly become part of everyday lives. Facebook, Twitter, YouTube, LinkedIn, and the like are all tools to not only engage with friends but they have also been used to form communities to build knowledge, trust and understanding of common interests. Let’s face it; … Continue reading »
Watch this video blog post where Aaron discusses his views on the recent talk around changes to superannuation policy, in particular his thoughts about where the Government would be better served to address the issue of equality in tax concessions. Obviously some of these issues aren’t going to be popular with self-funded retirees, but what … Continue reading »
With up to 10,000 accountants potentially impacted by the Future of Financial Advice (FoFA) reforms, in particular, those related to providing advice to SMSFs, the question must be asked whether practitioners are preparing themselves for 1 July 2013 or are they simply putting this issue into the ‘too hard basket’? At this stage only draft … Continue reading »
With a great turnout to the webinar on the Future of SMSF Licensing (nearly 350 people logging in), I have now uploaded this recording for those who missed it, want to watch it again or simply didn’t realise it was on! A special thanks to my guest panelists, Liz Westover, Head of Superannuation, ICAA and … Continue reading »
In the lead up to Christmas, Treasury released an exposure draft of regulations to amend the existing related party acquisition rules for SMSFs – a direct result of a Cooper Review recommendation. The review found a lack of transparency on transfers (such as with listed shares) and recommended that any acquisition or disposal of assets … Continue reading »