History suggests that investors shouldn’t be concerned about material asset return differences under different political administrations.

Are you thinking of investing but feel held back? Here's how to get started.

The ATO is reminding SMSF trustees that if they have had transfer balance account events in the last quarter they must lodge a TBAR by 28 January 2025.

The global outlook summary highlights the top-level economic and market outlook, Beyond the landing, to be distributed in mid-December.

More women than men entered into SMSFs in the September quarter, according to the latest ATO statistics.

Once again we are pleased to release an advent calendar. One developed especially for you, our clients, your family and your friends. Come back each day and click on the next date for more inspirational and Christmas quotes. We can't be sure but it seems this year has gone faster than any year previously, we

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What five years’ worth of SMSF asset allocation data reveals.

Around 3 million Australians are unpaid caregivers. Most face a super risk. 

The different operations of pensions passed onto a beneficiary can be confusing and SMSF members must understand how the will impact their transfer balance account.

It is more tax effective to leave superannuation to an estate rather than a binding death benefit nomination to children, says an accounting expert.

The latest forecasts for investment returns and region-by-region economic outlook.

Failure to create, execute, perform and retain documents for an SMSF can leave a fund and its trustees unable to provide compliance evidence, warns a specialist legal expert.

The ATO said it is reviewing and assessing all new SMSFs before they can receive a registered or complying status on Super Fund Lookup (SFLU) as part of a program to stop illegal early access schemes.

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ASIC has extended the reportable situations relief and personal advice record-keeping requirements on the same terms until October 2029.

New research has found most Australians believe the age pension is insufficient to fund their retirements, with larger superannuation balances and access to professional financial advice linked to higher levels of financial well-being instead.

What the Federal Reserve's policy shift means for rates.

Both the Treasurer and the Prime Minister have confirmed that Treasury is exploring changes to the contentious policy.

The ATO’s June quarterly statistical data on the SMSF sector has been released and has revealed continued growth.

Many Australian companies are still battling economic crosswinds and headwinds.

The latest forecasts for investment returns and region-by-region economic outlook.

Part 1 examines the key characteristics of a sound SMSF succession plan including planning for control of the fund to pass into trusted hands in the event of a member’s death or loss of capacity.

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The superannuation sector’s handling of retirement outcomes will be an area of focus for ASIC which has also committed to review SMSF establishment advice.

Even investing small amounts on a regular basis will compound returns over time. 

The funding gap between variable and fixed rate loans is continuing to widen.

Region-by-region economic outlook and latest forecasts for investment returns.

Capital losses can be used to reduce or eliminate NALI tax exposures in relation to a tainted capital gain, says a legal expert.

If an SMSF member is diagnosed with a terminal illness, it is best not to close out the fund before the insurance has been paid, says a specialist.

The ATO is encouraging SMSF trustees to use its voluntary disclosure service to inform it early if a contravention has occurred.

The government has released further details about the design of its payday super policy including an updated super guarantee charge framework. 

The draft legislation aims to modernise the luxury car tax by tightening the definition of a fuel-efficient vehicle and adjusting the indexation rate.

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The partner of a legal firm specialising in superannuation has revealed the concept of SMSF member mental capacity is becoming more prevalent in estate planning challenges, prompting the need for practitioners to amend their procedures regarding all fund actions.

Financial planning professionals should be having conversations with their clients as soon as possible about their aged care needs, says a specialist adviser.

The ATO’s draft guidance on personal service income and the general anti-avoidance provisions is likely to be a shock to many small and microbusinesses in Australia.

The Early Release of Super scheme implemented during the COVID-19 pandemic had little impact on financial resilience or wellbeing, new research has shown.

One of the most significant advantages of holding insurance policies inside superannuation is the tax deduction for life and disability premiums that go towards paying out a disability superannuation benefit, according to a leading technical specialist.

Why you need to compare apples with apples on super fund performances and fees.

Do you earn personal services income (PSI)?

After a soft patch since 2021, there is good reason to expect the $A to rise into next year

Australia’s superannuation system has seen a number of significant changes in recent years.

By doing a few calculations you can easily see if your portfolio is still on track.

Our region-by-region economic outlook and latest forecasts for investment returns.

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The safe harbour interest rate for related party limited recourse borrowing has changed for 2025.

The ATO’s strategic increased focus on compliance is having a noticeable effect on the sector and is now the most common reason why many SMSF trustees have closed their funds, the latest Investment Trends research has shown.

The bill that will introduce changes to the non-arm’s-length expenditure (NALE) provisions has passed through parliament and is now awaiting royal assent before it can take effect, possibly as early as 1 July.

A third of Australians retire without a plan. Here's why you should have one.

Longevity risk is a growing concern for many working Australians as well as retirees.

How SMSF trustees are investing their retirement savings.

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The super changes on the way from the start of the 2024-25 financial year.

With the expansion of the downsizer contribution, the timing of when it is used can affect how to use non-concessional contributions.

Why the decision to keep deeming rates on hold may be a window for interest rates.

With the stage three tax cuts set to be implemented in around six weeks, opportunities for tax-saving strategies should be considered soon.

Region-by-region economic outlook and latest forecasts for investment returns.

The SMSF sector experienced healthy growth over the March quarter, with men and women on middle-to-higher incomes driving an increase in new funds established, according to statistics released by the ATO.

SMSF trustees are being warned to be on the lookout for crypto investment scams.

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Australians made more than 600,000 reports about scams in 2023 — about 18 per cent more than in 2022.(ABC News: Evan Young/Canva)

How parents and advisers can work together to manage intergenerational wealth transfers.

The change in the debt service ratio has been ‘extraordinary’, according to the major bank.

Four main components of this year's Federal Budget can be seen by using the following links.

Jim Chalmers has handed down the government's third budget, with a $300 power bill boon for every Australian household, but the purse strings kept tight on other measures.

The 2024 Federal Budget is broken down into these five PDFs. Click on each to read more.

Our region-by-region economic outlook and latest forecasts for investment returns.

Financial advice can make a massive difference in people’s lives. We know this because we see every day in our data just how much better off people are when they follow the advice. But up until now, the majority of Australians haven’t been able to afford it. As a consequence, most Aussies are unaware of what advice is and how it can help them be better off.

The practical benefits of improving financial literacy.

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Using income distributions to purchase additional ETF units can significantly compound capital growth and income returns over time.

Region-by-region economic outlook and latest forecasts for investment returns.

The new financial year is fast approaching and so are a number of changes to superannuation contribution amounts and the individual tax rates. These changes are outlined below, as is some information on how you may be able to work with these changes when managing your tax affairs during 2024-25. 

More than 16,500 SMSFs are being scrutinised by the ATO as they allegedly reported certain classes of assets at the same value for at least three income years.

A recent Federal Court ruling has found that the transfer of super from a husband to his wife’s superannuation account is no longer protected as an interest of the bankrupt in a regulated super fund under the Bankruptcy Act 1966.

The Aged Care Taskforce was asked to report on how to fund aged care around the country. In so doing, it took a side in Australia’s national tax ‘tragedy.’

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Australian Tax Office Office data shows a high percentage of SMSFs are lacking portfolio diversification.

A pause in super contributions can have long-lasting effects. Here's how to plan ahead for super breaks.

Region-by-region economic outlook and latest forecasts for investment returns.

There was a dramatic decrease in the number of SMSF wind-ups from 2018 to 2023, indicating that the SMSF sector is outperforming APRA funds in both returns and customer satisfaction, says a leading educator.

Keeping track of all documents relating to an SMSF trust deed is important if an estate planning issue arises, says an industry expert.

The ATO has found $637 million of superannuation savings has left the system due to illegal early access carried out through SMSFs.

Region-by-region economic outlook and latest forecasts for investment returns.

Investing success can mean different things to different people. Being clear on what success means for you is key to mapping out your plan.

Financial literacy around superannuation is poor for many lower-income people, who still question why they can’t access their funds until retirement age.

2024 is very much a story of how quickly and how sharply rates will start coming down.

This is the last year that the five-year catch-up contribution rules for concessional contributions can be used for those who are eligible, warns a leading educator.

Communication between SMSF trustees, accountants and advisers is more crucial than ever with the quarterly reporting rules coming into force, says a leading specialist.

Following years of mixed messaging, Labor has bowed to economic pressure and announced changes to its stage three tax cuts.

In the final of our series of predictions for the coming year, we asked our experts what trustees should be considering regarding tax savings in 2024.

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Outperforming the market is hard without a crystal ball. Here's how to tilt the odds in your favour.

The taxation of digital assets used for lending and borrowing would benefit from clear-sighted guidelines.

How and why investment markets have performed the way they have this year.

Our economic and market outlook for 2024 reflects the house view of Vanguard’s global economics and markets teams as of December 12, 2023.

More than 5.2 million young Australians are missing out on higher superannuation returns by investing their retirement savings in default MySuper accounts, according to research from Innova Asset Management.

Advisers should start planning how to take advantage of the stage three tax cuts due to come into force next year, says a leading technical expert.

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With average life expectancies rising, early investment education and financial advice will become increasingly critical.

The global outlook summary highlights the top-level findings of the full economic market outlook.

The long-running NALI/E debate has not considered the “extremely heavy-handed treatment” the specific asset NALI provisions impose.

Come back each day and click on the next date for more inspirational and Christmas quotes.

A life-cycle consultant has revealed only two in five retirees admit to being happier once they stopped working, prompting him to issue a reminder that achieving a satisfactory retirement goes well beyond how much money a person has saved in their superannuation fund.

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Transferring money to children can be one of the most valuable financial steps parents can take.

The peak drag on consumption caused by European Central Bank (ECB) monetary policy will likely occur in the first two quarters of 2024, according to Vanguard research.

Small business owners and farmers with land or business premises owned by their SMSF are the big losers in the draft legislation on the Better Targeted Superannuation Concession, claims the SMSFA.

This is a great strategy for anyone who wants an easy and structured budgeting method.

A recent announcement from the ATO on in-house asset rules has left many in the auditing sector stunned, claims a leading adviser.

The Australian Government is assisting older Australians to work, if they are able and wish to do so, by allowing them to keep more of their pension when they have income from work.

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  There are three main areas of significant change: Transition from stamp duty to annual property tax for commercial and industrial property. This will apply to commercial and industrial properties acquired on or after 1 July 2024. (existing owners of properties purchased before 1 July 2024 will not be affected).  Once a property enters the

Investors can currently lock in attractive term deposit rates, however equities are still likely to outperform cash over the longer term.

Read our region-by-region economic outlook and latest forecasts for investment returns.

There are six simple rules that will ensure a deed is executed properly in every Australian state, says a leading superannuation legal consultant.

While owning collectable and personal use assets inside a SMSF may sound appealing, there’s a big catch.

Profitable companies that choose to relegate their tax and super obligations will be a focus of the ATO’s crackdown on collectable debt, Commissioner says.

As a business owner, you probably enter into contracts every day. Contracts are crucial as they document and govern the relationship between your business and various parties. It is common to offer the parties you interact with the same or similar contracts. These are examples of a standard form contract.

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The Federal Government has flagged it expects the gender gap in superannuation balances to persist well into the future.

Read our latest forecasts for investment returns and our region-by-region economic outlook.

Inheritance planning, particularly the future division of wealth and the intended treatment of assets, should be openly discussed at the family level.

A single asset cannot be treated in a manner that allows it to support some SMSF members in accumulation phase and others with a pension account.

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Investment markets rebounded in 2022-23. But it's important to understand that asset class returns vary from year to year.

Investment custodians have an important function to safeguard the assets of millions of Australian investors.

Read our latest forecasts for investment returns and our region-by-region economic outlook.

The SMSFA has renewed its call for a more equitable and less costly approach to the federal government’s proposed new tax on superannuation balances exceeding $3 million.

Lease agreements for property must also adhere to non-arm’s length regulations to avoid the scrutiny of the ATO, says an SMSF expert.

The amount of superannuation needed to live comfortably has risen to a record high as the cost-of-living crisis continues to impact all Australians.

Following the release of the government’s latest Intergeneration Report there is renewed confidence that more people will see SMSFs as a more attractive option as a savings vehicle for retirement.

Of the nearly 97,000 complaints lodged with AFCA in the past 12 months, less than 5% were related to investments and advice and just under 2% were about life insurance.

A statement from the authority says consumers in dispute with financial firms lodged a record 96,987 complaints, an “unprecedented” rise of 34% on the previous financial year.

Fewer taxpayers have raced to file an early return and the total paid out in refunds is already down by $1.7 billion.

UPDATED: This budget measure waives fines for late lodgment of income, BAS and FBT returns due during the pandemic.

A growing number of Australians are downsizing their home to fund their retirement. Here's the latest data from the ATO on use of the downsizer measure.

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See what it means to persist in the face of market volatility.

Giving Australians better access to high-quality and more affordable financial advice is imperative.

While much of investors’ attention is naturally aimed towards the impact on mortgage repayments, higher rates are opening massive opportunities for retirees in term deposits, bonds and lower-risk assets, says the director of a leading wealth management firm.

Australia has a relatively high level of financial literacy when ranked globally. In
a study of 140 economies, Australia ranked in the top 10 countries for financial
literacy.

It’s not just SMSF trustees that may be caught under the tax alert issued last week in regards to property and arms’ length dealings, warns a specialist SMSF legal expert.

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Seeking professional advice could lead to greater confidence in being financially prepared for retirement.

Are you retirement ready? Our inaugural How Australia Retires study has uncovered some common themes that make Australians highly confident about their retirement.

The ranks of Australians receiving the Age Pension are increasing. It’s important to understand who is eligible and its role in retirement planning.

Self-funded retirees are the hardest hit by the increasing rise in inflation and cost-of-living according to the latest research from Association of Super Funds Australia.

There is now more flexibility for SMSF members with market-linked pensions whose balances exceed the transfer balance cap with better tax outcomes and estate-planning options said the managing director of a leading SMSF educational organisation.

Recent Issues and changes that could effect you

The priorities of Australians have changed, with financial independence now the nation’s most common aspiration, according to a new report.

The following are all the links to the federal government's description of its 2023 Budget.  At the bottom are the Budget Documents for those that love to get into the fine detail of a Budget.

‘Seeing our people through the hard times – and setting our country up for a better future’

“While Australia may have a lot coming at us – we have a lot going for us too” – Dr Jim Chalmers, 2023-2024 Federal Budget Speech.

Our latest forecast changes include expectations for:

Preparing for loss of capacity or death is vital for SMSF members. It's important to ensure your trust deed is watertight.

The ATO has warned SMSF members to be aware of identity fraud and investment scams.

The new campaign highlights the importance of customer alertness against criminal activity by scammers.

New draft legislation to the work test mean impacted individuals will retain their ability to claim deductions for personal contributions post 30 June 2022, says a leading adviser.

Every end of financial year (EOFY) season involves a rush by Australians wanting to get their tax returns completed.  Increasingly, though, this period is seen as an opportunity for bad people to take advantage of us. 

As a business, you may consider installing video surveillance on your premises to discourage theft or ensure the safety of your customers and personnel. However, your business may suffer significant legal implications if you do not adhere to legal requirements around filming or recording customers that enter your store.

Amid sudden bank closures, we explain our risk management approach and remind investors to focus on what they can control.

Cash in a deposit account doesn't necessarily equate to safety. That's why many investors are shifting to fixed interest securities.

Here's how long you'd live consuming only this liquid, and nothing else.

The ATO said it is seeing a rise in behaviours which indicate SMSF members may be accessing their funds before meeting the conditions of release.

A new report from AUSIEX shows that in 2022, new SMSF trading accounts were relying more on advice, were increasingly female and favoured a distinct mix of asset classes, securities and sectors.

Proposed changes to superannuation have the potential to reshape the retirement landscape. The objective of super remains the missing ingredient in the mix.

Computer hacking has been around for as long as there have been computers.  Once it used to be computer geeks showing the world how smart they were.  Now it's become very serious with almost any person, company or Government at risk from these criminal activities.

Couples now need nearly $70,000 per year to achieve a comfortable retirement, while singles need around $50,000 according to an analysis from the ASFA Retirement Standard.

Superannuation bodies have welcomed the government’s draft objective for superannuation, stating it will provide equity in the system and help protect preservation.

If money’s too tight to mention, here’s some small steps that can make a big difference in achieving your financial goals.

Concessional and non-concessional contribution caps are set to stay at $27,500 and $110,000 following the release of the AWOTE figure.

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Artificial intelligence systems, and their ability to undertake often complex tasks in seconds, are increasingly gaining attention and user traction.

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.

Why markets are optimistic

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.

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.

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.

The general transfer balance cap is set to increase to $1.9 million from 1 July based on CPI figures released today.

The latest figures from the ABS reveal economic growth last year and show inflation coming off its peak.

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.

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.

The largest portion of the SMSF investment pool is held in domestic shares, according to a recent survey.

Joe Davis, Vanguard’s global chief economist, gives a high-level overview of where the economy and markets are likely headed in 2023. Inflation is abating, thanks in part to central banks’ aggressive actions, but it may come at a cost, with recession likely in most developed markets. But it may not be all bad news for the financial markets.

With illegal early access schemes on the rise, the Tax Office has issued a fact sheet warning super members about the promoters of these schemes.

Robin Bowerman, Head of Corporate Affairs and Editor of Smart Investing, is retiring after almost 20 years with Vanguard. Here he reflects on the investment landscape over the last two decades.

A specialist auditor has explained some of the grey areas and confusing aspects of electronic signatures and SMSF documents.

More demanding record-keeping requirements in the November draft have been in place since 1 January.

Deciding on your retirement funding options in retirement comes down to what makes the most sense for you.Deciding on your retirement funding options in retirement comes down to what makes the most sense for you.

How to work it out: employee or contractor

To check if your worker is an employee or contractor, you need to review the whole working arrangement.  Read on ….

Loans to members and financial assistance continues to be the most commonly reported type of contravention based on ATO statistics.

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Where SMSFs are planning to lend money there are some important conditions to be aware of including who the money is lent to and the reason for the loan.

With the eligibility age for downsizer contributions now age 55, the SMSF Association has highlighted some important considerations for younger clients looking to use the measure.

The ATO is concerned about SMSFs entering into certain asset protection arrangements that involve a ‘Vestey Trust’.

Planning ahead is critical for clients wanting to make super contributions under the lifetime CGT cap given some of the tight timeframes, CFS has cautioned.

A recent study shows that Australians who have an active relationship with a financial planner are not only better off financially than unadvised Australians – they also have a better quality of life.

With the recent ATO statistics indicating a significant proportion of SMSF members in retirement phase may be eligible for the Age Pension, Accurium has highlighted this as an important planning consideration.

Getting more money into superannuation is a proven way of building wealth to spend in retirement.

Understanding how your super works and making sure you are getting the most out of your fund is essential to achieving the retirement lifestyle you envision.

Volatility is part and parcel of investing so it's important to put it into perspective and look at the full picture when thinking about your wealth, rather than focus on day-to-day market swings.

Come back each day and click on the next date for more inspirational and Christmas quotes.

The corporate regulator is in the process of amending information sheet 205 and 206.

Elevated volatility is a key feature of markets today.

By Jumana Saleheen, Vanguard Chief Economist, Europe

Despite much talk of rising interest rates and possible recession, here are a few reasons to stay the course and stick to your long-term investment strategy.

By Alexis Gray, Senior Economist, Vanguard Asia-Pacific

Recent research by the ATO has revealed a higher proportion of loans to members and non-lodgements among SMSF members with links to small business.

All the detail for those who like to better understand the fine print.

After 10 years out of government, Treasurer Jim Chalmers has delivered Labor's first budget since its election victory in May.

A rundown of the main measures that will impact accountants and small business.

The Federal Government is to continue spending more than it earns for at least the next two years at least.

Superannuation fund members making a downsizer contribution do not have to sell the whole property or even move out of it after the sale, but cannot claim a contribution for land that has undergone a subdivision, a technical expert has advised.

You may have heard it said, “No risk, no reward.” But did you know that time can actually decrease your risk while increasing your reward?

In the wake of the recent Optus cyber attack, the ATO and Australian Cyber Security Centre has outlined some important steps to help trustees keep their data safe.

Here are some tips that can help you build confidence in your investing approach, no matter what the markets are doing.

The ATO is urging SMSFs to get their asset valuations done before their annual audit to help avoid delays and late lodgements.

There is quite a bit of truth to the old adage “there is no free lunch in life” or its more recent equivalent “if you’re not paying for the product, you’re the product” because pretty much everything in life comes at a cost these days.

The ATO is paying closer attention to attempts by accountants to “patch up” mistakes by SMSF clients involving the removal of money from the fund.

When I retire, will I have enough money to enjoy the retirement lifestyle I envision? It's a question many of us will need to ponder at one point.

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Six biggest bull markets in US stocks/shares since 1962 and their subsequent bear markets.

SMSFs have been warned on some of the challenges in proving ownership of crypto assets, with only certain exchanges allowing SMSF accounts to be registered.

If you operate some or all of your business from your home, you may be able to claim tax deductions.

To avoid additional costs (including the superannuation guarantee charge (SGC)), you must pay the right amount of super for all your eligible employees by the quarterly due date.

Staying the course, and not being distracted by short-term market events, is just as important in retirement as it is at any other time.

In light of the recent Optus data breach, we thought it timely to provide a list of things you should consider to help protect your identity

Professionals have been warned there is a “fine line” between member benefits and death benefits where a member plans to withdraw shortly before death.

The move to the new quarterly based TBAR regime may see a clampdown on the backdating of pension documents, CFS has cautioned.

The ATO has clarified that SMSFs will need to report all unreported events from the 2022–23 year by 28 October 2023 once the new framework starts.

The first step to building a sound investment portfolio is to know why you’re investing

While adopting a tactical asset allocation might seem tempting during bouts of heightened volatility, the timing and skill required to perfectly execute a portfolio shift is near impossible. Sticking to a strategic asset allocation however is likely to yield better returns.

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Teaching kids to establish sound money management skills and strong financial acumen is important, regardless of wealth level.

Wayward habits accentuated by the pandemic will be a compliance focus.

With property deductions a big focus for the ATO this tax time, SMSFs have been warned on some of the pitfalls in this area that can land them in trouble.

Thorough documentation can help mitigate the risk of crypto assets going missing in situations like divorce, says a specialist lawyer.

There's a common misperception that in order to start investing, you need a large initial sum and lots of time. Here's why that's a myth.

Investing in familiar names may bring a sense of comfort but by focusing too heavily on the Australian market, investors may limit their opportunity set and forgo the benefits of greater diversification.

Search through the data collected by the Australian Bureau of Statistics, and find interesting facts about how the country is changing.

The total value of SMSF assets has climbed to $892 billion during the 12 months to March, according to the latest ATO statistics.

The ATO has issued a decision impact statement on a recent decision that determined whether an SMSF was liable for GST on the sale of subdivided lots.

The more detail you can give your accountant the quicker your tax return can be processed and, usually, the better the outcome. The following will help.

From 1 July 2022, there will be changes made to super to make it easier for Australians to grow their retirement savings.

Trusts are used to hold assets for various reasons, but most typically for tax planning and asset protection purposes. Here's a little more insight into how trusts work.

The contribution changes coming in on 1 July will provide more time for spouses in SMSFs to even up their balances and maximise their transfer balance cap, according to an advisory firm.

While the official interest rate increase has seen some SMSF lenders raise their interest rates, others are holding off for now.

New rules are in effect, which will see changes to how SMSFs manage transfer balance lodgement.

With only about four weeks left until the end of this financial year, now's a good time to check your superannuation options.

Here are some factors to consider before you join finances with a partner.

A recent Vanguard survey found that investors believed financial advice provides substantial portfolio, financial and emotional value, and got them closer to achieving their financial goals.

What's the difference between value and growth investing, and how can you incorporate these investment factors into your portfolio?

Investors worldwide are becoming more actively engaged with where their money is being invested, with flows into ESG products continuing to build momentum.

The information in this chart is fascinating from both an historical perspective as well as what it predicts. It also guarantees you'll be the breakfast table expert every time.

Amendments being made to contribution ruling TR 2010/1 may provide a fix to some of the significant issues with the non-arm’s length expenditure rules, said the SMSF Association.

Around a quarter of the individuals being identified as high risk under the ATO’s new registrant program have compromised identities, said the ATO.

Heffron says SMSFs still need to be cautious around non-arm’s length arrangements.

Recently released ATO data shows some SMSFs have too much of their money invested into just a few asset classes and are not as diversified as they could be. Here's why having broad market exposure is important in retirement.

Despite it seeming increasingly difficult to get on the property ladder, there are still a few ways younger investors can realistically work towards a house deposit.

Vanguard research showed that not all younger investors had a high equity allocation and not all older investors reduced risk as they aged. Consider constructing a portfolio using diversified funds that not only considers your investment time frame, but also aligns to your attitude towards risk.

The ATO has made a number of enhancements to Online services for business to improve the process of lodging auditor contravention reports and audit complete advices.

Access to healthcare and the cost of living rank higher, according to a recent survey.

Part 2: The second half of a detailed breakdown of last night’s Federal Budget. Also included are the budget documents themselves for those who like their information to be as granular as possible. Part 2 is set out in this way to help quickly find information that affects you, your family, and your region.

Part 1:  Any government Budget consists of information about all areas the respective government manages for the tax payer.  The Federal Budget is no exception and set out below are half of the areas this year's Budget covered.  It is set out in this way to help quickly find information that effects you, your family and your region.

The following is a breakdown of the major parts of the Federal Budget delivered last night by the Treasurer, Josh Frydenberg. 

The prudential regulator is planning to publish data on all super products and investment options for the first time.

There are hundreds of pages and summaries you can read about this year's Federal Budget but this video is the only comprehensive option you can watch.

The latest version of the SuperStream standards has made the SMSF rollover process slower and more complicated, according to around half of SMSF professionals in an industry poll.

When reviewing your asset allocation for the purpose of rebalancing, consider whether a total returns approach to portfolio construction can help achieve your investment goals.

If you're retired or approaching retirement, and dreading the next piece of news that may cause your portfolio to dip, then it might be time to revisit your asset allocation.

New research shows that ASIC’s emphasis on minimum SMSF balances of $500,000 is “excessively conservative”, with the evidence suggesting that $200,000 may be a more appropriate threshold.

Decisions made in response to short-term events will invariably have negative long-term consequences, so avoid these three common mistakes if you can

The following links are to the latest state and federal government plans, schemes, programs, and initiatives to help businesses and individuals manage the impact of yet further national hardships.

The following links are to the latest state and federal government plans, schemes, programs, and initiatives to help businesses and individuals manage the impact of yet more COVID-19 restrictions.

Heightened volatility and market losses early in 2022 emphasize the value for investors of a long- term focus.

Given the enormity of Russia's decision to invade Ukraine, this note provides a short update on the potential market implications.

In line with our ongoing theme of videos concerning global trends and statistics, this video looks at life expectancy over two hundred years.

ATO and the Tax Practitioners Board have developed new client verification guidelines for tax practitioners, with criminals using increasingly sophisticated attempts to steal taxpayer identities

The non-arm’s length income rules for superannuation will result in unwarranted and significant detriment to fund members and could operate in conflict with a range of trustee duties, including the best financial interests duty, joint bodies have told the government.

61.4% of the world population has received at least one dose of a COVID-19 vaccine. 10.2 billion doses have been administered globally, and 18.22 million are now administered each day. Only 10% of people in low-income countries have received at least one dose.

While the draft regulations aimed at tackling the excess transfer balance issue are a welcome development, SMSF trustees will have to hope the ATO releases the excess notice determination quickly to avoid interest building up, according to Heffron.

2022 is set to be a bumpy year for investors, but sticking to an investment strategy and thinking long-term will help investors navigate the road ahead.

Investment forecasts, just like weather forecasts, should be used to help inform but not entirely drive decision-making.

The following links are to the latest state and federal government plans, schemes, programs, and initiatives to help businesses and individuals manage the impact of yet more COVID-19 restrictions.

The ATO will only recognise limited reasons offered by trustees as an acceptable excuse for not paying a death benefit within the standard timeframe.

The use of various entities to jointly qualify for the “sophisticated investor” status will need to navigate various legal hurdles, especially around control for structures such as SMSFs and trusts, according to a law firm.

10 little-known pension traps proving the value of advice.

An explanation of the difference between a Bull and Bear run.

The ATO will not take compliance action against funds that have not reported a TBA event after the commencement of a new pension in the interim.

The uptake of six-member SMSFs is primarily being driven by trustees over the age of 80 who want their adult children to take over the management of the fund.

With COVID continuing to place financial stress on businesses and individuals, there has been an uptick in SMSF members illegally accessing money from their funds, an SMSF auditor warns.

The following links are to the latest state and federal government plans, schemes, programs, and initiatives to help businesses and individuals manage the impact of yet more COVID-19 restrictions.

The growth trajectory of more Millennial SMSFs is set to continue in the years to come, according to the chief executive of Smarter SMSF.

Australians are anticipating higher inflation in the coming years, particularly those in regional areas.

Having a strategy in place to pay for your childrens school education is essential. Here are a few ways you can approach paying for tuition that will help you stay ahead of the school fees curve

Alongside uncontrollable factors like market returns, the cumulative impact of all the investment choices you make along the way is what ultimately determines your investment outcome. That's why making good decisions about investment contributions and fees is of the utmost importance.

While there is a very rapid escalation with watching and monitoring the economies of Asia, especially China, it is always interesting to look back over time, in this case 60 years, to see how they have evolved. Doing so adds great perspective.

Average life expectancies in Australia are now at a record high, and while that's a positive, longevity can also come with potential financial risks such as outliving your retirement savings. So what can you do to ensure you have the best chance of experiencing a financially secure retirement?

The following links are to the latest state and federal government plans, schemes, programs, and initiatives to help businesses and individuals manage the impact of yet more COVID-19 restrictions.

Come back each day and click on the next date for another inspirational quote or poem from some of the greatest writers and poets.

After months in lockdowns and living under tight restrictions, many Australians have gone on a “revenge spending” spree. But before you go out and buy buy buy, do a financial stocktake to see if those purchases are viable and that your emotions aren't ruling your reality.

The new recently introduced bill on enhancing superannuation outcomes has provided a further update on how the government will implement its new contribution rules along with its potential effect on contribution strategies for SMSFs.

The following animated chart covers the period from 1950 to 2017. It is fascinating to see how the world changes over time.

Retirees work hard to build up their nest egg but many are hesitant to spend it when the time comes. Here are three behavioural factors that affect retirement spending and how you can overcome them to ensure you make the most of your later years.

The Morrison government has introduced legislation into Parliament to establish the Financial Accountability Regime (FAR) and the Compensation Scheme of Last Resort (CSLR). 

Beyond accumulating wealth over time, planning your financial legacy is one of the most important aspects of estate planning. With the greatest family wealth transfer set to occur in the next 20 to 30 years, here are a few things investors should consider when planning.

ASIC has released new regulatory guidance for product issuers and market operators on how they can meet their regulatory obligations in relation to crypto-asset exchange traded products (ETPs) and other investment products.

Vanguard research has found that for portfolios supporting long term goals, the exact time and threshold limits you decide upon are less important than the discipline of adhering to a consistent approach.

The following links are to the latest state and federal government plans, schemes, programs, and initiatives to help businesses and individuals manage the impact of yet more COVID-19 restrictions.

SMSFs will need to take a more cautious approach when managing related-party transactions especially around a former spouse, as several traps may arise due to situational changes when considering the application of super laws, according to a law firm.

The total sum of CO2 emissions since 1880 (in tons).  Food for thought, that's for sure.

There’s an old saying, to only focus on the things in life that you can control.

In an era of lower-for-longer interest rates and investment returns, retirees in particular should be thinking beyond just income generation to fund their lifestyle spending.

Acquiring shares under an employee share scheme (ESS) via your self managed superannuation fund (SMSF) may appear attractive but greater uncertainty has arisen following the ATO’s recent ruling, LCR 2021/2, on the application of the non-arm’s length income (NALI) rules to such a transaction.

No one can say for certain what the markets will do. What we do know however is that investors fare best when they focus on the factors they can control.

The ATO has made an extension to several COVID-19 compliance relief for SMSFs to cover the 2021-22 financial year.

Two recent AAT decisions shed important light on what constitutes business real property: Allzams Trust and Commissioner of Taxation [2021] AATA 2767 and Allen and Commissioner of Taxation [2021] AATA 2768.

Reinvesting income distributions and having the discipline to contribute regularly is a powerful way to build wealth, as evidenced in Vanguard's 2021 Index Chart.

Retirees face a variety of risks in retirement including market risk, inflation risk and longevity risk. Here are some strategies to help mitigate them so you can achieve financial peace of mind.

Individuals can now recontribute amounts they withdrew under the COVID-19 early release of super program.

While society continues to grapple with the factors driving gender and pay inequity, women are proactively turning to investing more than ever before. And in doing so, they are demonstrating a very competent and sensible approach to building up their wealth outside of superannuation.

Victoria endures its sixth lockdown as the state's cases grow; NSW records 1,281 new local COVID-19 cases and three deaths. Lockdowns to be eased once 70% of the population is double vaccinated against COVID-19 yet today some 60% of Australians are in lockdown.

SMSFs are looking to invest more in equities and less in cash in this low-yield environment, according to the Vanguard/Investment Trends 2021 SMSF Investor report released last week.

SMSFs will be able to add a fifth or sixth member to the fund using the Australian Business Registry from mid-August.

SMSF members are highly satisfied with their choice of superannuation fund and the sector has topped satisfaction ratings across all types of funds.

Making our website into a valuable resource for our clients is very important to us.

Here is a practical approach to creating a retirement plan that will help enable financial peace of mind.

The growing prominence of SMSFs has made them a ripe target for scammers.

The ATO will now have information on an individual’s new $65,000 car or their $100,000 boat as it looks to flush out tax dodgers who aren’t being completely honest about their financial affairs.

Here are five investing tips for those who are just beginning their investment journey.

An SMSF trust deed must have a series of non-negotiable items in it, such as rules allowing the use of a contribution suspense account.

With the recent bring-forward measures passed along with further extension proposed in the federal budget, its combination with potential downsizer rule changes creates a different perspective for the SMSF strategy when it comes to implementation.

Your attitude to risk is one of the most important factors to consider when it comes to investing.

Working from home because of COVID-19 means most will have more deductions than in a normal year.  These checklists will help your tax agent ensure you don't miss any deductions.  Simply print, complete and return.

The reduced minimum pension relief that will now apply for the 2022 financial year is not restricted to account-based pensions, said a legal specialist.

The ATO made an extension relief for affected taxpayers and related SMSFs who are unable to meet the minimum yearly repayments on Division 7A loans due to COVID-19.

Here's a check list of what you will need to include in your 2020-21 income tax return.

Senator Jane Hume has assured that the superannuation measures announced in the federal budget aren’t aimed to force retirees to draw down on savings but instead create greater control in an increasingly complex super environment.

The ATO’s newly released March 2021 quarterly statistical report has revealed the total number of SMSFs will soon hit 600,000, with consistent growth seen across establishments and assets as the industry heads into a post-COVID economic recovery.

The ATO has issued its final alerts for SMSFs with outstanding SARs, warning that failure to lodge may lead to serious consequences.

SMSF members continue to report very high levels of satisfaction with the performance of their fund, according to rolling research.

Whether starting a new business or re-planning an existing one, a business plan is always a good idea.  Getting professional help drafting you plan is another good idea because planning a business's future should be done in the best manner possible.

The Federal Government announced in the May Budget that it is widening the scope of the scheme allowing eligible Australians to sell their home and put extra money into their superannuation. Here's what you need to know.

Often watching a short video is a quicker way to understand what can otherwise be quite confusing.  The following titles have just been added to our website and can be accessed at any time and by anyone.

The 2021-22 Federal Budget unveiled a range of initiatives aimed at providing additional flexibility across the retirement savings system.

With the end of the financial year approaching there may be some valuable opportunities worth discussing for you or your family, depending on your personal circumstances.

The SMSF Association has confirmed the ATO position around non-arm’s length capital gains issues and its effect on segregated current pension assets.

While the ATO has provided its guidance on COVID-19 LRBA relief on Division 7A, advisers will need to be aware of the practical elements that will affect the SMSF’s position around the administrative relief.

Dealing with SMSF property overseas is a different undertaking compared to domestic property, with a different set of issues that affects the compliance approach, according to a technical specialist.

Australian household wealth is rising, with the bulk tied up in residential real estate. On an asset allocation level, there may be room for households to revisit their asset holdings to see if they still align to their financial goals.

Purchasing a home or investment property based on short-term market trends can dramatically alter asset allocations and have long lasting impacts on wealth. Here's why.

While there are many aspects of our life covered in this year's Budget the following focuses on the issues related to Health.

In this Budget, the Government is taking decisive action to build our economic resilience to deal with future shocks.

The following links to the ABC where a brief overview of the Winners and Losers from this year's Federal Budget.

These calculators, along with videos that explain accounting ideas, latest news articles, an easy to use file transfer system, and a portfolio management portal make our website a great place to keep up-to-date and obtain help on many of your financial questions. *

The transfer balance cap is a limit on how much super can be transferred into pension accounts earning tax-free income. On 1 July, this cap will be increased. What might this mean for your retirement income stream?

The ATO has updated its guidance on navigating COVID-19 LRBA relief complexities in consideration of Division 7A rules and the processes in the application of NALI.

Sophisticated fraudsters are targeting Australian investors with investment 'phishing' scams. Find out what to watch out for so you can avoid being caught up in one.

It's now been one year since the COVID-19 outbreak sent global markets into freefall. How have investors fared since the 2020 crash and what are the lessons learned?

Despite some reports, the vast majority of Australians exhaust their superannuation in retirement according to data that flies in the face of the Retirement Income Review (RIR).

What exactly are non-fungible tokens and why are they taking the internet by storm? Here’s a closer look at NFTs and how they work. 

As Australian businesses implement work from home arrangements as part of their business contingency plans, managers need to consider how to accommodate telecommuting arrangements without sacrificing productivity and team dynamics, says one recruitment firm.

Treasurer Josh Frydenberg has weighed in on the superannuation debate in the clearest sign yet that the government may be considering a freeze to the legislated increase.

How much investment risk are you willing to take? Find out why it's a question all investors should be considering right now.

Why is the RBA so keen to see it return? And more importantly, what does this all mean for investors?

Your Future Your Super reforms have recently resulted in strong public debate. Here's why the proposed introduction of benchmarks for super funds may help further strengthen Australia's superannuation system.

The cost of retirement for Australians has gone up, with the increases in health insurance and domestic holiday prices, according to the Association of Superannuation Funds of Australia’s (ASFA) latest figures.

Help to keep up with the ATO.

The knock-on effects the COVID-19 pandemic has had on the superannuation system present an ideal opportunity for young women to begin to better engage with the sector, according to ATO assistant commissioner Sonia Corsini.

The ATO has maintained its good-faith approach to the accounting of cryptocurrencies, though it isn’t expected to last much longer, says a national tax and accounting network.

The right words of advice – whether it be from friends or family, business mentor, sports coach – can have lasting impact on the way we lead our lives, manage our businesses. The same holds true for financial advice.

With the recent indexation of the general transfer balance cap causing discussion around its complexities, technical experts take a deeper look into what will happen on 1 July.

The corporate regulator has warned of a rise in scammers targeting Australian investors by pretending to be associated with well-known domestic and international financial service firms.

Diversification, spreading your money across a range of different assets rather than putting it all into one place, is one of the core principles of investment risk management. That's because investment returns from different assets are never consistent.

Director identification numbers may be introduced sooner than expected for SMSFs with corporate trustees, with the government moving quickly with the rollout of systems and processes, according to a technical expert.

In times of severe market disruption 'doing nothing' often feels unacceptable. Surely such market movements means you have to respond.

Downsizer contributions were the top query received by the BT technical services team in the December quarter, with many retirees looking to downsize for lifestyle and health reasons.

Public interest in financial advice rose significantly in 2020, with consumers focusing their online searches on super topics as the government launched its COVID-19 early access scheme, according to new data from fund manager Allan Gray.

With thousands of Australian expats still hoping to return home following COVID-19, a mid-tier firm has highlighted some important tax implications and considerations, including the foreign pension transfers.

The needs of retiree clients may not be properly serviced by traditional portfolio investment approaches, an investment expert has warned.

Approaching retirement still remains the top reason for seeking advice from a financial planner, with healthcare costs, outliving their savings and aged care costs some of the biggest concerns, according to a recent research paper.

COVID-19 has completely, and mercilessly, dictated the direction of economies and financial markets through most of this year. So, as we rapidly approach the end of an extremely unpredictable and volatile year, what's in store for 2021?

A new resource is now available that shows the rates per country of COVID-19 vaccinations.  We all suffered in many ways as COVID number increased, now, as expected, let's watch them start to drop.

An interesting finding in the federal government's Retirement Income Review report is that many Australians are dying with the majority of the wealth they had when they retired.

There's been an unexpected surge in new listings on the Australian share market over recent months. So, what is driving this IPO boom?

The students of 2020 are graduating to the adult world in one of the most uncertain times in recent history amid recession, pandemic and global political tensions. In times like these, knowing the basics of how to get started down the road to prosperity is more important than ever.

The latest industry research has shown SMSFs with low balances grow to levels allowing them to become cost-efficient very quickly.

Recently released draft exposure legislation will require trustees of super funds, including SMSFs, to exercise their powers in the best financial interests of beneficiaries and require APRA-regulated funds to support their expenditures with evidence.

The cost of a comfortable retirement in Australia has gone up over the September quarter despite COVID-induced lifestyle changes, new research has revealed.

With the end of the year drawing closer, the ATO has outlined some of the cut-off dates and deadlines applying for members wanting to apply for the early release of their super.

Some fireworks and a great Advent Calendar to help you celebrate. On behalf of all our staff we wish our clients and their families a Merry Christmas, a Happy New Year and a great holiday period.

While the government has announced plans to increase governance over the performance of super funds, super members will still need to actively monitor the performance of their fund to avoid being stapled to an underperforming one, says a mid-tier firm.

Recent research has revealed that more than half of retirees are projected to fall short of their desired retirement income level by more than 10 per cent, says Russell Investments.

Over the coming weeks, around 12 million working Australians will start receiving extra cash in their pay packets as a result of changes to personal income tax brackets announced by the federal government.

Trustees must ensure any purchase from a related party is not a proxy for a loan or financial assistance to avoid breaching their obligations.

Data only just released by the Australian Tax Office, detailing the asset allocations for all SMSFs in the quarter to the end of June, shows there was still a large investment weighting at that time towards cash and term deposits.

The response by our Governments to the COVID-19 crisis has been a very good one.  Following is a comprehensive listing of links to important Federal and State initiatives and programs since the pandemic began.

SMSF investors will increasingly be attracted to investments offering capital preservation post-COVID, with volatile markets and lower dividends compromising their ability to meet investment objectives, according to an asset manager.

Vanguard surveyed more than 850 millennials in the U.S. currently aged 24 to 39, who make at least US$50,000 per year, as part of a broader study on how people across different generations feel about retirement, investing, and financial advice during market volatility.

The following 35 links break the 2020 Federal Budget down into bite size bits.

The following links are to Fact Sheets that describe in detail how the Federal Government feels the 2020 Budget will impact you.

These three areas cover all you will need to know but the accompanying two articles cover more specific topics and they might help you better understand how the Budget affects you.

The legislative instrument implementing the changes to the JobKeeper scheme over the extended period was registered on 15 September 2020.

The 80 cents per hour work-from-home deduction method has now been extended for a further three months to the end of the year.

As a new wave of investors enter the Australian share market, new trends begin to emerge.

Portfolio construction is always a popular topic among investors, but as markets become more volatile, the practice of carefully piecing together a jigsaw of investments that weathers both good times and bad is particularly relevant.

With the work test changes for over-65s opening up opportunities for recontribution strategies, clients may be able to even up balances and adopt tax strategies for estate planning, particularly once the bring-forward measure is passed, says a technical expert.

Australian banks this month started the largest ever customer contact program in the industry's history.

With the ending of a number of the original COVID-19 relief and stimulus initiatives, August and the beginning of September has seen the release of new plans to move into the post-September period. Links to these updates and changes are listed below.

The rules around Superannuation contribution change almost every year, so it is important that taxpayers know what these changes mean to them.

The government’s early super release scheme shows no signs of slowing down, with almost 90,000 release applications received by super funds in the first week of August and more than $700 million in payments made.

Choice is inherently regarded as a good thing, particularly in these COVID-affected times when some of our basic choices have had to be suspended for the greater community good.

SMSFs with outstanding compliance issues should consider making a voluntary disclosure while the ATO still has a more flexible approach in place and before they implement tougher admin penalties, says a law firm.

It's often said that starting out early on one's investing journey will deliver good long-term results.

The ATO has confirmed only payments made to a member after 24 March in excess of the reduced minimum pension can be treated as a lump sum, even where a valid election was previously in place, says the SMSF Association.

Last week, Vanguard and Investment Trends launched the 2020 SMSF Investor Report. This year's report surveyed over 3000 SMSF trustees on their investment priorities and industry outlook, providing an insight into how trustees navigated through COVID-19 volatility.

Several new links have been added to the many already in this article, links that date back to the beginning of the COVID-19 pandemic.  If you have any questions, or require further assistance, please send us an email or phone.

The Government has decided to extend a lower JobKeeper for a further six months (13 fortnights) from 28 September this year, with eligibility based on actual rather than projected turnover declines.

It's a question most of us ask eventually: what happens to our investments when we die?

In the current low interest rate environment, an investment product offering low-risk, high returns may sound very tempting.

Superannuation fund members facing financial hardship have been given an extended window to access retirement savings under the early release scheme.

The ATO has expressed concern that some trustees with diminished pension account values may be putting themselves at risk of exceeding their transfer balance cap by commuting their pension and then topping it back up.

2020, a year that will be marked in history by a pandemic that had devastating effects on global health and economic activity to individuals and nations across the world.

The government now expects around $42 billion to be removed from the super system as a result of the early release scheme, having revised up its initial estimates of $27 billion at the start of the scheme.

Single Touch Payroll (STP) and Annual PAYG Payment Summaries – a reminder to both employers and employees.

It’s a natural question about global policymakers' multitrillion-dollar efforts to prop up economies and markets against the monumental threat of the COVID-19 pandemic. And the question has understandably taken a back seat to confronting immediate health and welfare challenges.

SMSF clients planning to provide rent reductions to tenants should review the lease agreement to ensure the provision of rent relief won’t result in a breach of the lease, says an industry lawyer.

The ATO has issued a list of tax-time myths, warning taxpayers that get-rich-quick schemes will only slow down returns.

As the 2019–20 financial year draws to a close, a technical expert has highlighted some of the new rules commencing for super funds for the 2020–21 financial year.

Over time we have supplied our clients with a growing collection of tools and resources to help in areas such as COVID-19 relief updates, articles on tax changes and updates, articles to help understand economic changes, calculators for all financial needs, and videos to help you and your family learn more about financial matters.  We hope you enjoy these 'extras' and if you have any question then simply ask.

As markets continue to be wax and wane due to ongoing coronavirus fears and subdued employment and economic recovery numbers, it seems timely to remind ourselves of the types of behavioural and emotional biases that could lead to potentially risky investment behaviour, and how you can avoid them.

The Federal Government recently announced the mandatory minimum drawdown rates for retirees with account-based pensions would be temporarily halved in both the 2019-20 and 2020-21 financial years.

In light of recent laws passed this month, many clients will need to review their estate planning to ensure their will adequately explains how superannuation and insurance payments should be dealt with.

Overall growth of SMSF sector has continued despite a drop in the number of new funds in the December quarter 2019, the latest ATO statistical report shows.

The government’s introduction of the Retirement Income Covenant scheduled to start on 1 July has been deferred to allow continued consultation and legislative drafting to take place following the coronavirus crisis.