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Self-Managed Superannuation Fund (SMSF) auditors have recently received a lot of media attention following new and updated independence guidelines issued by the Accounting Professional & Ethical Standards Board (APESB), about how SMSF audits must be conducted going forward.
The past few months have seen significant changes to our personal and business circumstances due to the COVID-19 pandemic. No doubt you are well aware of the impact this is having on your Self-Managed Superannuation Fund (SMSF) and superannuation balances, but there are specific matters that SMSF...
The past two years have seen significant change in our understanding of what type and how much individuals can have in pension phase within their superannuation funds. With all the hype around the new Transfer Balance Cap and the ATO’s Transfer Balance Account, it’s time to go back to basics on...
The new Super Rules have been passed by both houses of Parliament and are just waiting on Royal Assent - generally this is a mere formality.
These amendments and the proposals announced in the 2016 Federal Budget could impact your retirement and how you save for it.
Yesterday the government made further superannuation announcements, including the scrapping the $500,000 lifetime non-concessional cap and removal of the retrospectivity. This is good news for superannuation savers.
August 2016 - A Self Managed superannuation fund (SMSF) is not prohibited from borrowing money to acquire an asset, providing the arrangement entered into satisfies the conditions specified under the Superannuation Industry (Supervision) Act 1993 (SISA).
July 2016 - Your superannuation balance is likely to be one of your major assets.