Author Archives for wybenga_admin

Small SMSFs develop rapidly

December 19, 2020 12:00 am Published by wybenga_admin Comments Off on Small SMSFs develop rapidly

 

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

 

Government targets fund expenditure, best interests in new super reforms

December 16, 2020 12:00 am Published by wybenga_admin Comments Off on Government targets fund expenditure, best interests in new super reforms

 

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.

 

Retirement costs rising despite COVID impacts

December 13, 2020 12:00 am Published by wybenga_admin Comments Off on Retirement costs rising despite COVID impacts

 

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

 

ATO flags key deadlines for early release of super

December 10, 2020 12:00 am Published by wybenga_admin Comments Off on ATO flags key deadlines for early release of super

 

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.

 

2020 is coming to an end. Phew!!

December 7, 2020 12:00 am Published by wybenga_admin Comments Off on 2020 is coming to an end. Phew!!

 

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.

 

Monitoring super performance critical in light of new measures

November 30, 2020 12:00 am Published by wybenga_admin Comments Off on Monitoring super performance critical in light of new measures

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.

Majority of retirees expected to fall short on retirement savings

November 27, 2020 12:00 am Published by wybenga_admin Comments Off on Majority of retirees expected to fall short on retirement savings

 

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.

 

How your coming tax cut could pay off

November 24, 2020 12:00 am Published by wybenga_admin Comments Off on How your coming tax cut could pay off

 

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.

 

Related party purchases must be clean

November 21, 2020 12:00 am Published by wybenga_admin Comments Off on Related party purchases must be clean

 

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

 

Most SMSFs are still poorly diversified

November 18, 2020 12:00 am Published by wybenga_admin Comments Off on Most SMSFs are still poorly diversified

 

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.