No plans to extend NALI compliance relief, says ATO
The ATO says it does not intend to extend PCG 2020/5 for another year and will wait to see what changes the government legislates.
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Digital advice firm optimistic QAR will ‘reset financial advice’
Ignition Wealth says the final QAR report will help reshape advice and has pushed the government to implement the review’s recommendations in their entirety.
When to be proactive about your portfolio
The mid-year point is an opportune time to take stock of your investment holdings – but reviewing your portfolio should really be an ongoing exercise.
ATO warns SMSF on sole purpose test for property investment
Property investment by an SMSF will fail the sole purpose test if it provides pre-retirement benefit to someone such as personal use of a fund asset, warned the ATO director of the SMSF Auditors Segment.
TBC set for double indexation from 1 July
The general transfer balance cap is set to increase to $1.9 million from 1 July based on CPI figures released today.
Inflation edges lower while GDP grows but slows
The latest figures from the ABS reveal economic growth last year and show inflation coming off its peak.
Why superannuation fund fees matter
The fees you pay on your super could have a material impact on how you retire, which is why it's important to understand how they work.
One in seven SMSF directors yet to apply for ID
Around 100,000 SMSF directors still need to apply for their director ID despite the deadline passing two months ago. Extensions are available for legitimate reasons.
Australian equities retain grip on SMSF assets
The largest portion of the SMSF investment pool is held in domestic shares, according to a recent survey.