Investment and economic outlook, August 2024
Region-by-region economic outlook and latest forecasts for investment returns.
Categories for Financial Planning News
Capital losses can help reduce NALI
Capital losses can be used to reduce or eliminate NALI tax exposures in relation to a tainted capital gain, says a legal expert.
Beware of terminal illness payout time frame
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.
ATO encourages trustees to use voluntary disclosure service
The ATO is encouraging SMSF trustees to use its voluntary disclosure service to inform it early if a contravention has occurred.
Treasurer unveils design details for payday super
The government has released further details about the design of its payday super policy including an updated super guarantee charge framework.
Government releases details on luxury car tax changes
The draft legislation aims to modernise the luxury car tax by tightening the definition of a fuel-efficient vehicle and adjusting the indexation rate.
Most Gold Medals in Summer Olympic Games (1896-2024)
Check out which country has won the most Gold Medals in Summer Olympic Games (1896-2024)
Capacity doubts now more common
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.
It’s never too early to start talking about aged care with clients
Financial planning professionals should be having conversations with their clients as soon as possible about their aged care needs, says a specialist adviser.
Warning to micro businesses. ‘Higher taxes for thousands of businesses’.
The ATO’s draft guidance on personal service income and the general anti-avoidance provisions is likely to be a shock to many small and microbusinesses in Australia.
