As trustees and practitioners work through the annual compliance work for the 2021 financial year, the Australian Taxation Office (ATO) is provided a timely reminder (QC 67071) that SMSFs need to regularly review the fund’s SMSF investment strategy to help meet their investment and retirement goals. The investment strategy is not designed to be a…
The Federal Government announced a number of proposed changes to super and SMSFs in this year’s Federal Budget (2021-22) – see our previous blog post. Many of these were lauded as positive for superannuation – expanding contribution opportunities, along with addressing long overdue SMSF issues with legacy pensions and the inequities in the existing residency…
The introduction of SuperStream measures from 1 October 2021 for the rollovers to and from SMSFs aims to create a faster and more efficient was to process rollovers with fewer errors. It brings the SMSF sector into line with the rest of the super industry where SuperStream is used for digital transactions. Whilst many SMSFs…
As various states and territories continue to navigate their way out of the pandemic, it was becoming abundantly clear for the Regulator to extend the relief for a number of SMSF COVID-19 relief measures that were previously granted for the 2019-20 and 2020-21 financial years. We have now seen the ATO publish an update confirming…
In the first webinar of our Smarter thinkers series, we explore the risks and costs of building your own SMSF templates. Within the SMSF landscape, there is a recognised ‘gap’ in ready made compliance documents to support a number of strategies and issues. For many firms, this requires specialist knowledge to develop your own…
