Self managed super fund average balance tips over the $1 million mark

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The annual Vanguard / Investment Trends Self Managed Super Fund (SMSF) Report, released this week, reveals the continuing growth in both the number of SMSFs being established and the growth

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SMSF ‐ Pre 30 June 2012 Update

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For those working with superannuation the following two strategies are worth considering prior to 30 June. In‐Specie Asset Transfers Announced last year under the Stronger Super reform, (although yet to

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CSSA: Modern awards restrict employer choice

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The Corporate Superannuation Specialist Alliance (CSSA) submission to the Productivity Commission Inquiry into Default Superannuation in Modern Awards suggests that the vast majority of employers want to provide the best

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How much can I contribute?

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There are two types of contributions that can be made to superannuation. These are known as Concessional (pre-tax) contributions and Non-Concessional (post-tax) contributions. There are contribution caps that determine the

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Multiport Investment Patterns Survey March 2012

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To get a closer insight into where SMSF trustees invest, Multiport undertakes an analysis of our SMSF’s investments each quarter to look at the up to date asset allocation and

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Administrative penalties for SMSF trustees

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Trustees and directors of corporate trustees may have to pay an administrative penalty if their SMSF contravenes superannuation legislation. The size of the penalty will depend on the seriousness of

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Draft SMSF Ruling – limited recourse borrowing arrangements

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The ATO has recently issued draft SMSF Ruling SMSFR 2011/D1 – Self Managed Superannuation Funds: limited recourse borrowing arrangements – application of key concepts. This draft ruling explains important concepts

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Tax reform must address unfair super tax penalties and encourage saving

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The Self Managed Super Fund Professionals’ Association (SPAA) has today called for tax reforms including an increase in the annual concessional superannuation caps and a solution to the problem of

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The SMSF Academy: Government’s Stronger Super disadvantages SMSFs

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Removing the ability for a Self-Managed Superannuation Fund (SMSF) to undertake off market share transfers, as outlined in the Government’s response to Stronger Super Reforms handed down yesterday, unfairly disadvantages

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SPAA calls for a level playing field for SMSFs versus other super funds

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The Self Managed Super Fund Professionals’ Association (SPAA) has today expressed disappointment about a key aspect of the Federal Government’s Stronger Super Reforms announced today, in particular, that a ban

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