As we move ever so closer to the first due date with SMSFs for event-based reporting, the transfer balance account reporting (TBAR) framework within a practice has very quickly become the most topical issue for practitioners dealing with SMSFs. With the Australian Taxation Office (ATO) indicating additional reporting being required within the TBAR for pension…
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Earlier in May 2018, we held a webinar on transfer balance account reporting (TBAR as it’s now known… like we needed any more acronyms) for SMSFs and how these measures are going to significantly impact the way practices interact with their clients. In reality, it has been more than a decade since there was a…
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In this week’s episode of the Smarter SMSF podcast (episode 38), Aaron is joined by Kevin Bungard, CEO of Class Limited to discuss insights from the March 2018 Benchmark report. In this quarterly report, Class looked at the continued growth of ETFs within SMSF as part of the fund’s investment strategy. Both Aaron and Kevin…
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In episode 39 of the Smarter SMSF podcast, Aaron shares his views into the evolving SMSF sector today. Back in 2014, Aaron created the inaugural Future of SMSF report, the first time ever that we gained insights into how practitioners are servicing the needs of trustees, and how their business model operates. Throughout the past…
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The ATO have provided important updated guidance for recipients of Market-Linked Pensions (MLP) as a result of an unintended consequence in the legislation that provides a nil value on commutation of the capped defined benefit income stream. In some instances, members have commuted the MLP within a SMSF post 1 July 2017 for transfer balance…
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