The decision made by voters in the United Kingdom (UK) last week to leave the European Union (EU) – known as Brexit – has had an immediate and momentous impact on financial markets across the globe. The UK leaving the EU is one of the […]
A reduction in concessional contribution caps, the lowering of the Division 293 tax threshold, capping tax-free assets in retirement and a lifetime limit for non-concessional contributions are just some of the changes that were in the Government Budget announcements this year to impact superannuation. These […]
Collectables and personal-use assets include assets such as artwork, jewellery, antiques, vehicles, boats and wine. If your SMSF acquired any of these assets before 1 July 2011 you have until 1 July 2016 to meet the new rules, which include: the asset is not being […]
The outsourcing of self-managed super fund (SMSF) administration is compromising client confidentiality, a boutique SMSF administrator has said. Keep it Simple Super (KISS) have said that the offshoring of SMSF administration is becoming more common in the industry, creating ethical dilemmas for clients. “I think […]
Sundaram Business Services, a business process outsourcing (BPO) provider for self-managed super funds (SMSFs) expects to see significant growth in the sector for 2013. The firm anticipates that the number of SMSFs it processes will increase from 6,000 funds in 2012 to 10,000 in the […]
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