SMSFs Helping Female Investors Close the Superannuation Savings Gap
How Advisers Can Support Women Through The “Financial Tidal Wave” of Change Most Australian women today retire with almost half as much in superannuation savings as her male counterpart. The “superannuation savings gap” is the result of numerous factors currently under examination by Federal Government. Self-managed superannuation funds, meanwhile, are making significant progress on closing […]
Intello Named Finalist For Two SMSF Industry Awards
Once again, the SMSFAdviser’s annual SMSF Awards has nominated Intello a finalist in two categories this year. Recognising excellence in SMSF Services, Intello is a finalist in the “SMSF Administrators” category for SMSF management services executed on behalf of financial services businesses and trustees across the country. Intello is also shortlisted for the “SMSF Administration […]
Analysis: the 2022/2023 Federal Budget
Last night the Treasurer, Josh Frydenberg, released the Government’s 2022-23 Budget. It featured a range of proposed measures including an extension of the 50% reduction to account-based (SMSF and Superannuation) income stream payments, targeted tax relief, and social security and aged care changes. For a change, there was very little said about Superannuation, apart from […]
New SMSF Notifications Provide Welcome Clarity for Trustees & Advisers
In some good news for trustees and their advisers, the ATO is improving their SMSF notifications. Feedback from trustees and practitioners is that SMSF notifications were too vague, simply describing a ‘change’ to the fund or account. This would arise when legitimate activity – such as a lodgement – was made, sparking unnecessary concern […]
What do new Director ID Requirements mean for your SMSF?
Up to 63% of SMSFs will be impacted by new identification requirements for directors. If your SMSF has a corporate trustee, the director must go through a new registration process. Here’s what you need to know so you can be prepared, including details on the application process. Update November 2021: Applications for Director IDs are […]
What you need to know about SuperStream Changes – October 2021
As of October 1, the ATO has implemented changes to SuperStream obligations. This means that rollovers into or out of your SMSF can only be performed using SuperStream. By being prepared for this change, it will ensure your employer super contributions are paid and super monies are rolled over in a timely manner. Below we […]
2020/2021 EOFY Considerations for You & Your Clients
As another financial year draws to a close, it’s a good time for you and your clients to perform a little “financial housekeeping”. Here are a few important considerations that may prompt your clients, depending on their personal circumstances. Naturally, Superannuation is an important consideration at this time of year for many individuals. So, let’s […]
EOFY To-Do’s for Trustees
An article from our partner, Quill Group. The end of the 2020/21 financial year is approaching – a great time to perform some financial “housekeeping”, according to your personal circumstances. For many individuals, Superannuation and the management of their SMSF is often an important consideration at this time of year. So, let’s look at some […]
Caution needed on contribution reserving strategy when managing the TSB
I was at the First Tech Roadshow last week where the topic of the Contribution Reserving Strategy stimulated some interesting discussion! Here’s a recent article on the matter from Tony Zhang at SMSF Adviser. SMSFs thinking about implementing the unique contribution reserving strategy this financial year will need to be aware of possible unallocated contribution […]
What the Federal Budget 2021-22 Means For You, Your Family & Your Fund
[a story from our partner, Quill Group] Budget Summary The 2021-22 Federal Budget is a balancing act between a better than anticipated deficit ($106 bn), an impending election, and the need to invest in the long term. Key initiatives include: Extension of temporary full expensing and loss-carry back providing immediate deductions for business investment in […]