Most SMSF members won't need to do anything before the end of the financial year and may want to wait longer before taking action, according to an SMSF specialist.
The SMSF Association has called reports the government is open to making changes to the proposed $3 million super tax “encouraging”.
The SMSFA is calling on the government to urgently address catastrophic flaws in its proposed super tax amid rising community unrest and reports of panic selling across the $1 trillion SMSF sector. ...
There is still hope that the Division 296 is not a “done deal”, the head of the SMSF Association has said.
The SMSFA has issued a warning about “nefarious” cold callers selling SMSFs.
The ATO has issued guidance on what it will focus on regarding auditor compliance for 2025.
The SMSF Association has said there is an urgent need for the government to prioritise legislative amendments to clarify the operation of wholesale investor rules for SMSFs in the wake of recent determinations by AFCA. ...
It’s time the government takes the Division 296 tax “off the table” and listens to industry concerns, the SMSF Association has said.
Generation X and Millennials are driving the establishment of new SMSFs, according to the latest data from Class.
The ATO has outlined concerns about the use of sophisticated arrangements to facilitate the illegal early release of superannuation funds.
The SMSF sector is cautiously optimistic that the Better Targeted Superannuation Concessions bill will lapse when the next federal election is called.
The SMSF Association has called on the government to follow up a review of accountants’ roles in terms of their ability to provide financial advice.
