by Admin | Wed, Jun, 2012 | Contributions, SMSF News, Tips and traps, Trustee
To avoid clients being hit with tax penalties on excess contributions advisers should be reviewing their salary sacrificing arrangements, according to industry experts. The concessional super contributions cap is legislated to reduce from $50,000 to $25,000 on 1 July...
by Admin | Tue, Jun, 2012 | SMSF News
YOUNGER generations are now looking to open self-managed super funds, a new survey has found. Russell Investments and the SMSF Professionals Association of Australia’s research shows about 14 per cent of Generation X (31-45 years) and 10 per cent of Generation Y...
by Admin | Tue, Jun, 2012 | SMSF News, Tips and traps
The Australian Securities and Investments Commission (ASIC) has confirmed it was consulted on technical issues around opt-in and codes of conduct at around the same time the Financial Planning Association (FPA) was said to be negotiating with the Industry Super...
by Admin | Mon, Jun, 2012 | Adviser, SMSF News, Tips and traps, Uncategorized
The Institute of Public Accountants (IPA) has raised concerns over the significant increases in ASIC fees, with the association claiming the increases could cause a number of its members to exit the industry entirely. IPA executive general manager of representation...
by Admin | Mon, Jun, 2012 | SMSF News
With FOFA legislation due for debate in the Senate next month, the Opposition’s spokesperson on Financial Services has provided details on what FOFA would look like under a coalition government. Speaking at an Association of Financial Advisers Budget reply...
