by Admin | Wed, Feb, 2013 | Accessing your super, Adviser, Pensions, SMSF News, Trustee
Retirement costs have continued to steadily rise for the December 2012 quarter, the recent Association of Superannuation Funds of Australia (ASFA) Retirement Standard has stated. The report showed that a couple looking to achieve a ‘comfortable’ retirement...
by Admin | Sat, Feb, 2013 | Adviser, Pensions, SMSF News, Trustee
Self-managed superannuation funds (SMSFs) are less likely to lose pension exemptions after the Australian Taxation Office (ATO) announced it would not penalise trustees for making an “honest mistake”, according to Nexia Australia. Nexia’s Sydney...
by Admin | Sun, Dec, 2012 | Accessing your super, SMSF News, Tips and traps, Trustee
The Government has specifically referenced self-managed superannuation funds (SMSFs) in detailing new legislation aimed at increasing the penalties around early release superannuation schemes. Announcing the introduction of the Superannuation Legislation Amendment...
by Admin | Thu, Aug, 2012 | Adviser, Pensions, SMSF News
A draft pensions ruling released by the Australian Taxation Office (ATO) gives little to no certainty as to when a , according to Graeme Colley, SMSF Professionals’ Association of Australia (SPAA) Director – Education and Professional Standards. For...
by Admin | Wed, Jul, 2012 | Pensions, SMSF News, Tips and traps
SMSFs need to carefully consider the estate planning ramifications before commencing a pension, or their beneficiaries might face serious tax consequences, explains Nicholas Ali. Prior to commencing an income stream from a self-managed super fund (SMSF), it is...