![Dunno? Dealing with contributions made in error [VIDEO]](http://i2.wp.com/thedunnthing.com/wp-content/uploads/2013/01/dunno_post.png?resize=290%2C290 "Dunno? Dealing with contributions made in error [VIDEO]")
I regularly get asked questions from readers through my blog on issues and strategies relating to self managed super funds, so why not bring these to ‘life’ by starting a new regular weekly blog, “Dunno: ask a question”. Each week I will hand-pick a reader question and respond with a video, audio (blogcast) or written … Continue reading »
A Happy New Year to all my readers… With the SMSF industry growing strongly, 2013 is likely to provide one of the most challenging and competitive (yet rewarding) periods for SMSF professionals. The year ahead will require practitioners to ‘step-up to the plate’ and be ready for many of the reforms that will reshape the … Continue reading »
Last week saw the release the ATO’s SMSF quarterly statistics (September 2012) which again showed strong growth in fund establishments. A further 8,183 new funds were setup in the first quarter of 2012-13 financial year, taking the number of SMSFs to 488,576. Total assets grew to more than $458 billion, which now shows the average … Continue reading »
A record number of professionals (1,185) attended the SMSF Professional’s Association of Australia (SPAA) National Conference, arguably Australia’s leading superannuation and financial services conference. Recognised for the quality of its speakers and technical content, this year it was the discussion and focus on the future direction of the SMSF industry and behaviour of trustees that provided … Continue reading »
The 2012 year is going to be a significant one for the SMSF industry, so it is important that you keep up-to-date with the latest issues, news, and changes impacting self managed super funds. The SMSF Academy is pleased to announce the first webinar for 2012, the SMSF Quarterly Wrap. This is a new addition … Continue reading »
There’s been a lot of media in recent times about the growth in younger entrants to the Self Managed Super Fund market. Much of this discussion has come from the recently updated SMSF statistical summary published by the Australian Taxation Office. Is this simply a ‘spike’ in the statistics or is it a genuine trend in … Continue reading »
Changes to definition of a SMSF It is regularly acknowledged that a Corporate Trustee is a far superior trustee structure rather than individual trustees. There has however been an anomaly with the definition of a SMSF within section 17A of the SIS Act that ultimately required a SMSF with members under 18 (i.e. child) to have … Continue reading »
Tis’ the season to reflect on what has been a big year for self-managed super funds and the financial services industry as a whole. The year started with a bang, with Phase Three of the Super System Review on Structure including Self Managed Super Funds. This phase of the review was arguably the most debated … Continue reading »