Company Directors unaware of superannuation obligations: Tax expert

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Many company directors are unaware that they could be personally liable for unpaid superannuation payments for contractors and are potentially easy targets for the Australian Taxation Office (ATO), warns a... Read more continue reading

Potential pension minefields

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It has been a big year for the SMSF industry given the major policy changes the federal government made to super in the 2016 budget. Last week the Self-managed Super... Read more continue reading

Traditional social security systems and company pension plans no longer feasible for retirees globally

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Established to comprehensively address Australians’ longevity risk, Optimum Pension has encouraged the superannuation industry to transform its approach to fulfil the true purpose of superannuation or face the risk of... Read more continue reading

New CPI weightings no closer to tracking retirees’ expenditure

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Australia’s newly revamped consumer price index (CPI) may provide a more accurate picture of what the average household spends its money on, but it’s no closer to solving the problems... Read more continue reading

SuperConcepts first to market with new reporting capability

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SuperConcepts continues to lead the way in SMSF administration with the launch of new Transfer Balance Account Report (TBAR) functionality on its SuperMate platform. A first for the market, the... Read more continue reading

Reversionary TRISs – Government acts to resolve issue

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The Government has now moved to resolve the issue of reversionary TRISs, which has been dragging on since 1 July 2017 when the “Fair and Sustainable Superannuation” changes commenced. The... Read more continue reading

Shorten’s proposal will have proportionally greater adverse impact on retirees with small balances than retirees with multi-million $ balances

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Mr Shorten’s proposal announced this week that cash refunds of excess franking credits should be scrapped will have a greater proportionate adverse impact on a retiree with a $500,000 balance... Read more continue reading

Plan for the best

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Australians are living longer but many are failing to plan for it, new research from National Seniors Australia shows. The report, Hope for the best, plan for the worst? Insights into... Read more continue reading

Scaled advice appealing to younger members: UniSuper

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UniSuper, the $66 billion super fund for the higher education and research sector, is seeing strong demand for its scaled advice services as younger members increasingly turn to their super... Read more continue reading

SMSF cash balances fall as trustees turn to equities

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Cash balances decreased significantly during the last quarter of 2017 as trustees invested their cash holdings into the Australian and international equity sector, the latest SuperConcepts SMSF Investment Patterns Survey shows.... Read more continue reading