Super news for July 2024
First tranche of financial advice reform laws passed, criminals targeting previous victims of scams, and investors continue to favour ETFs.
Home / Archives for Penny Pryor
Penny has nearly two decades experience of writing, reporting and editing financial services publications for both institutional and retail readers. She has contributed to, and edited, the Money Section of the Sun Herald and The Sunday Age.
She has written for the Australian Financial Review and the Sydney Morning Herald, the Cooperative Research Centres Association publication KnowHow Magazine, JMoney, In The Black and Global Investor.
First tranche of financial advice reform laws passed, criminals targeting previous victims of scams, and investors continue to favour ETFs.
There are two ways you can use the sale proceeds from a business to boost your super, and the CGT retirement exemption is one of them.
Take the following 10-question quiz to test your knowledge on boosting your super with superannuation contributions.
When you set up an SMSF, it’s a good idea to have an exit plan and an understanding of the winding up process.
SuperStream is a data and payment standard for super funds that makes it much easier to collect contributions and pay rollovers – even for SMSFs.
Active Super made misleading ESG claims, Super assets up 11.3% in 12 months, ATO urges funds to protect members against scams
Active v passive update, Super advice fees too high, Super for housing debate, Scam losses falling.
Now that SMSFs can have six members instead of four, here’s a refresher on the process involved in adding new members and some of the issues to weigh up.
Financial advice reforms, SMSF trustees disqualified, Super for housing plan criticised, Australian Super’s new lifetime income product, Greenwashing conviction, Focus on super fund expenses.
Even if you outsource many of your fund’s administrative tasks, SMSF trustees still need to stay on top of super laws to avoid potentially large fines.
Super on parental leave, aged care report, retiree budgets squeezed, SMSF illegal access soars, purpose of super endorsed, scams decrease.
Super scams are increasingly sophisticated and on the rise so it pays to learn how to detect and avoid them.
From checking your eligibility for the Age Pension to understanding your life expectancy, avoiding these common mistakes could give your retirement income a big lift.
Many SMSF trustees use this simple approach to help create a diversified investment portfolio.
Calls for simpler retirement solutions, better SMSF record keeping, and improved super fund compliance and transparency; and more SMSF auditors disqualified.
As scammers get more sophisticated, SMSF trustees need to be increasingly vigilant to make sure they don’t lose their hand-earned savings.
Keep on top of these five tasks if you want your SMSF to enjoy the valuable tax concessions you signed up for.
Scam-related complaints at record levels, SMSF penalties for non-compliance set to rise again, Super Consumers Australia gets government funding, Northern Trust Asset Management fined for misleading investors, Loose diamonds not collectable assets, Draft legislation released for climate reporting.
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