The SMSF Quarterly Statistical Report for the March 2023 quarter has been published by the Australian Taxation Office (ATO). Key Takeaways The March 2023 statistics have been comprised in a dense and comprehensive report which explores all areas of the SMSF industry and its growth. Here are some of the key takeaways we found interesting: [...]
At the beginning of February 2022, the Australian Government passed The Treasury Laws Amendment (Enhancing Superannuation Outcomes For Australians and Helping Australian Businesses Invest) Bill 2021. The aim of the Bill is to increase flexibility for individuals preparing for retirement, increase superannuation support for low income earners and provide assistance to first home buyers. Changes [...]
At the beginning of February 2022, the Australian Government passed The Treasury Laws Amendment (Enhancing Superannuation Outcomes For Australians and Helping Australian Businesses Invest) Bill 2021. The aim of the Bill is to increase flexibility for individuals preparing for retirement, increase superannuation support for low income earners and provide assistance to first home buyers. Update [...]
The Australian Taxation Office is raising concerns on the increase in phone and email scams that involve fake superannuation investments targeting SMSF trustees. They have stated that they are seeing a rise in the number of scams involving fraudulent superannuation investments. Scammers are reportedly “-phoning and emailing people, pretending to be financial advisers or super [...]
Whilst there has been very little change in legislation relating to SMSF's lately, it is essential that trustees remain alert and vigilant going into 2021, as there is still much to consider when it comes to SMSF over the next 12 months. Trustees will be faced with an array of issues that they may have [...]
With over 1.1 million Australians making the switch to manage their own Self Managed Super Fund (SMSF), it is no surprise that it is a more popular option than ever for those wanting more control over their retirement savings and investments. An SMSF places in your hands, the ability to fully control your retirement planning [...]
Earlier this year BISSuper had the pleasure of taking part in the Investment Trends “2019 Self Managed Super Fund Survey”. The survey primarily examined the roles played by accountants and planners in assisting Trustees to manage their SMSF’s. A number of interesting statistics were also uncovered which demonstrate that the popularity of SMSF’s doesn’t appear [...]
“Does your SMSF currently only have single major asset? If so, you may be in the sights of the ATO. Their rationale is that a single asset SMSF may be too risky, having all of your “eggs in one basket”, and therefore not sufficiently diversified! It is not going to be news to anybody, but [...]
