SMSF members’ seniors health card ‘at risk’

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Retirees, many of them SMSF members, are in danger of missing out on their valuable Commonwealth Seniors Health Card (CSHC) benefits following legislation that was part of the Federal Government’s Budget package, says Olivia Long, CEO of Xpress Super and SuperGuardian, the specialist self-managed super fund (SMSF) administrator. “From 1 January 2015 the new deeming rules mean

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No barriers to setting up SMSFs, Xpress Super tells FSI

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There should be no barriers to establishing an SMSF, either educational or fund balance, said Olivia Long, CEO of Xpress Super and Super Guardian, the specialist self-managed super fund (SMSF) administrator, in a submission to the Financial Service Inquiry (FSI). “We would urge the FSI not to impose a minimum of funds under management before

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SMSF critics are winding up the market

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Industry funds expecting to reap the benefits of disillusioned SMSF members winding up their funds and re-joining the APRA-regulated sector are grasping at straws, says SuperGuardian, Xpress Super CEO Olivia Long. Australian Taxation Office (ATO) figures for the five years to 30 June 2013 show that, on average, for every five SMSFs established, one was

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Government pulls the wrong lever by delaying SuperStream

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A seasoned industry practitioner is highly critical of the Federal Government’s decision to push back the date by which superannuation funds must comply with the SuperStream contributions data standards. Superannuation funds now have up to 1 July 2015 to meet the new standards. SuperGuardian and Xpress Super CEO Olivia Long says that the Australian Taxation

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Xpress Super gets thumbs up from Survey

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The decision by the specialist self-managed super fund (SMSF) administrator SuperGuardian to introduce the low-cost option Xpress Super has been strongly endorsed by the 2013 Smart Investor Administrator Survey. Xpress Super, which was launched in April, has taken the top two positions in all three categories and scored best product for medium balance SMSFs ($1 million).

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