Can a SMSF segregate in pension phase with one bank account?
Pensions / Professionals / SMSF / SMSF Compliance

Can a SMSF segregate in pension phase with one bank account?

As a growing number of SMSF members begin to draw down retirement income streams, one of the important considerations is the decision to segregate specific assets to support the pension or simply remain in a pooled environment and obtain an actuarial tax certificate to support the amount of exempt current pension income (ECPI).  Where a … Continue reading »

SMSF Podcast Show – Episode 11
Limited Recourse Borrowing Arrangements / Podcasts / Professionals / SMSF

SMSF Podcast Show – Episode 11

Limited Recourse Borrowing Arrangements (LRBAs) have certainly been a topical subject within the superannuation industry, with a heightened amount of media coverage and much debate over their suitability for SMSF trustees.  Both the Australian Securities & Investment Commission (ASIC) and Australian Taxation Office (ATO) as Regulators have taken a greater interest in these arrangements over … Continue reading »

Will the new SMSF trustee penalty regime expose professionals?
Professionals / SMSF / SMSF Compliance / Trustee education

Will the new SMSF trustee penalty regime expose professionals?

The Australian Taxation Office’s new SMSF trustee penalty regime has been widely supported across the self-managed super fund industry looking to further improve the integrity of this growing sector.  However, these new directive, education and administrative powers could leave some professionals exposed with certain individual trustees looking to point the finger at their advisers who … Continue reading »

VIDEO: Understanding your compliance obligations
ATO / Trustee education

VIDEO: Understanding your compliance obligations

It’s great to see the Australian Taxation Office (ATO) using digital platforms to better engage with SMSF trustees and industry stakeholders around a fund’s compliance obligations.  Following on from a highly successful LinkedIn discussion group for SMSF Professionals a couple of weeks ago, we have now seen the ATO launch videos around the sole purpose … Continue reading »

It’s time to make SMSF social
SMSF / Social

It’s time to make SMSF social

Last week I had the good fortune to present with The Social Adviser, Baz Gardner in a specialist workshop at the 2014 SPAA National Conference.  Baz and I share a similar passion for financial advice and how ‘social’ can play a vital role in building trust and demonstrating tangible value to SMSF trustees seeking advice. It’s … Continue reading »

Are you riding the wave of SMSF success?
Announcements / Events / Professionals / SMSF

Are you riding the wave of SMSF success?

This week sees a record number of more than 1,400 attendees converge on Brisbane for the 2014 SPAA National Conference (19 – 21 February).  This three-day event provides professionals with an update on the latest SMSF strategies, technical and regulatory updates, the latest on investment markets and a word from both sides of Government with … Continue reading »

Where is technology going to take your SMSF business in 2014?
No More Practice / Professionals / SMSF

Where is technology going to take your SMSF business in 2014?

The fast-paced nature in which technology is changing our daily lives cannot be understated. These changing winds are also blowing strong within the financial services industry and making professionals think a little deeper about the impacts of technology and the progress of their business. What the research says A report by Deloitte back in September … Continue reading »

Is your SMSF SuperStream ready?
ATO / SMSF / SMSF Compliance / Technology

Is your SMSF SuperStream ready?

The new standard for rollovers and contributions to SMSFs are now starting to loom large for many trustees who will need to be SuperStream ‘ready’ to adopt the new data and e-commerce standard from 1 July 2014.  It is expected that these measures could impact as many as 100,000 SMSFs from 1 July, as all … Continue reading »

Now that my SMSF loan is repaid
Limited Recourse Borrowing Arrangements / SMSF / SMSF Compliance

Now that my SMSF loan is repaid

The announcement by the Australian Taxation Office (ATO) to draft a legislative instrument to deal with various In-House Asset (IHA) issues with limited recourse borrowing arrangements (LRBAs) was a logical and overdue step.  It has been a view held for quite some time by the ATO, that the exemption in section 71(8) of the SIS … Continue reading »

SMSF Podcast Show – Episode #10
Podcasts / SMSF

SMSF Podcast Show – Episode #10

Welcome back to the SMSF Podcast Show for 2014! The past 12 months have seen a continued transformation of the SMSF sector, with a range of reform measures impacting both trustees and professionals alike.  The year ahead presents some significant opportunities for the industry to continue to mature and stand as a profession in its … Continue reading »