The ATO has released its updated Law Companion Ruling (LCR) 2021/2 regarding the application of non-arm’s length income (NALI) laws with the SMSF Association giving it a mixed welcome noting it still lacks specific guidance in places.
Australians under 45 now expect they will need at least $100,000 a year per household to live comfortably in retirement, according to new research from Vanguard.
Australians are retiring later due to cost-of-living pressures and the evolution of white-collar employment, according to research from KPMG.
Legal advisers need to be cautious when transferring assets from parents to children if the former are still alive.
Latest forecasts for investment returns and region-by-region economic outlook
How Australia Retires 2025 report, explores how Australians prepare for and experienced retirement.
What the end to the deeming freeze means for Age Pensioners
Check out this powerful visual journey through the most powerful earthquakes ever recorded. From massive Chilean earthquakes along the Pacific Ring of Fire to the more recent Russia earthquake in Kamchatka, this timelapse shows how Earth's fury has shaped our world.
The ATO has warned consumers, financial advisers and health practitioners it is aware of dishonest practices being used to access superannuation early for non-critical medical procedures.
Outstanding SMSF annual returns will be a primary focus of the ATO, the deputy commissioner has said.
