SMSF Adviser - News for Australian SMSF professionals
Retirement income covenant – how it can help SMSF trustees navigate retirement. October 09 2024. In this episode of the SMSF Adviser Show, hosts Keith Ford and Aaron Dunn are joined by Julie Steed, senior technical services manager at ...
Latest Australian SMSF News - SMSF Adviser
Oct 11, 2024 · SMSF Adviser keeps the SMSF sector up to date with the latest and breaking news, and is the authoritative source of information for legal, compliance and regulatory updates.
SMSF Professionals Guide FY23–24: Streamlining the delivery of ...
While lucrative, managing an SMSF can be incredibly complex, with trustees responsible for delivering strong investment outcomes for members while also ensuring compliance with ever-evolving tax and regulatory obligations.
The true impact of incorrect market valuations – part 2
16 hours ago · Each breach of r13.18AA, such as the asset being leased to a related party or stored in a related party’s private residence, is worth ten (10) penalty units per instance, or $3,130. In this example, the fine would amount to $6,260 per trustee, providing insight into the true impact of an incorrect market valuation.
A detailed guide to SMSF rollovers and SuperStream
Jan 27, 2022 · A. While the ATO is taking a more educative approach in the transitioning phase of SuperStream, SMSF trustees and members should do their best to comply with the rules and timeframes to minimise unnecessary costs and anxiety. Overview. SMSFs have from 1 October 2021 been covered by the SuperStream rollover standards.
How women can build a personal ‘advisory board’ - SMSF Adviser
1 day ago · A. A. A. Building a network of mentors and coaches with varied skill sets could help women achieve their career goals, according to an FBAA executive. Ahead of the Women in Finance Summit 2024, the Finance Brokers Association of Australia (FBAA) chief development officer Joanna James said every employee could benefit from forming strategic ...
Beware of contribution strategies with blended families
1 day ago · A. A. Using a spousal contributions strategy to a second spouse can be problematic because money may not naturally flow to children from the first relationship upon the death of the member, warns a technical expert. Tim Miller, head of technical and education for Smarter SMSF, said at the recent SMSF Adviser Technical Strategy Day in Brisbane ...
Feature Articles - SMSF Adviser
Feb 26, 2024 · Shannon Smit: An award-winning offering. November 23 2022. Shannon Smit, CEO and founding director of Smart Business Solutions, was recently named the SMSF Adviser of the Year at the 2022 Women in ...
SMSF advisers should understand RIC to support clients
4 days ago · A. A. Although the retirement income covenant may not be targeted at SMSFs, it is useful for helping advisers assist clients in planning for their retirement, says a leading technical expert. Julie Steed, senior technical services manager at MLC Tech Connect, said in the latest SMSF Adviser podcast that many advisers are not aware of the ...
SMSF rollovers: Hurdles to cross - SMSF Adviser
Jul 22, 2021 · A. This memo provides guidance on an SMSF rolling benefits to another SMSF both prior to and from 1 October 2021. The key change is the requirement to comply with the SuperStream rollover standards from 1 October 2021. The regulations that apply from 1 October 2021 were finalised as law with an original commencement date for rollovers from 31 ...