Should you develop a retirement income strategy for your SMSF?
The new retirement income covenant effective from 1 July doesn’t apply to SMSFs, but that doesn’t mean trustees can’t learn from it.
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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.
The new retirement income covenant effective from 1 July doesn’t apply to SMSFs, but that doesn’t mean trustees can’t learn from it.
As your circumstances or the regulatory environment changes, your trust deed may also need updating.
In an exclusive interview the Assistant Treasurer and Minister for Financial Services, Stephen Jones, has promised no more “regulatory shock” for the superannuation sector.
Keeping yourself and your SMSF safe online is critical these days. So take our SMSF cybersecurity questionnaire to make sure you’re covering all bases.
Superannuation assets rise by nearly 10% over the year, Mercer to acquire BT Super, inflation hits retirees, super fund customer satisfaction awards, new super fund mergers announced.
Getting in-house asset rules wrong could cost you and your SMSF thousands of dollars but they continue to be one of the most common contraventions made by trustees.
Many large superannuation funds now offer a member direct option which can be a good training ground for anyone considering an SMSF.
More women and people of diverse backgrounds on superannuation fund boards should translate to better outcomes for members.
ASIC disqualifies SMSF auditors as 40,000 breaches involving SMSFs reported, APRA issues directions to NESS around additional board member, NGS Super sets 2025 carbon reduction goal, AustralianSuper to boost investment in private equity, Cbus to reduce weekly admin fee, ATO owed billions in unpaid Superannuation Guarantee Charge from employers, Actuaries Institute paper offers guidance for retirement income covenant
The Coalition has announced a major new scheme for superannuation and home ownership, while Labor is expected to review the benchmarking tests of the Your Future Your Super legislation.
If you’ve got time on your hands and a good grasp of the super rules, then doing some of your own SMSF accounting tasks may be worth considering.
Australian Ethical and Christian Super explore merger, Super gender gap was decreasing before Covid, Colonial settles class action with super members, Federal Court orders Westpac to pay $20 million penalty, Hostplus expands its investment options, Australian Retirement Trust focusses on ESG with new appointment, Only one third of financial advisers pass February exam, Easter bunny hit by inflationary pressures.
Everyone loves to ride in planes, trains and automobiles, but what if you could earn regular income from the infrastructure they depend on? You can, and here’s how.
If there’s one thing certain in life it’s this – things change. If you or another member of your SMSF want to take your leave, strict rules apply.
Super changes from 1 July 2022, SMSF numbers and assets continue to rise, Super merger news, More equality in super called for, Government expects super funds to divest Russian investments, Levy to lead Quality of Advice Review, Majority of former Dixon clients to transfer to E&P.
$450 income threshold lifted, Retirement income covenant introduced, Aware Financial Services Australia fined $20m, Inflation hits retirees, APRA to focus on sub-standard practices in super, Australian super funds lead decarbonisation, SMSF Association calls for simplification of transfer balance cap, Proxy advice regulations overturned in Senate.
If you thought governments were constantly tinkering with super, you’re right. Here’s your guide to the good, the bad and the ugly super changes so far.
ASIC issues warning to SMSFs on crypto, Superannuation needs to be part of draft National Plan to End Violence against Women and Children 2022-2032, Size and frequency of voluntary super contributions rises, Cbus Super increases investment options for members, Super assets to triple as number of funds dwindle, Investment funds rise across the board, Proxy advice changes criticised by industry.
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