Contribution caps to stay the same for 2023–24 year
Concessional and non-concessional contribution caps are set to stay at $27,500 and $110,000 following the release of the AWOTE figure.
Financial Planning
Why most investors want human advice
Artificial intelligence systems, and their ability to undertake often complex tasks in seconds, are increasingly gaining attention and user traction.
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.
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.
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.
