New laws prompt review of SMSF estate plans
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.
Categories for Financial Planning News
SMSF sector grows, new fund numbers drop
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.
Covid-19 resources.
Multiple sources of help and explanation the relief packages and programs our Governments have recently. All relate to Covid-19 so that you don't have to hunt for information or miss out. Your accountant can help with any question you have.
Related-party property development concerns — Part 1
In the first article of a four-part series on SMSFs and property development, I focus on related-party leases and how to keep them compliant.
The value of financial advice
A 16-year study by Vanguard Investments that found a financial adviser effectively adds around 3% to the value of a client’s portfolio over time. This is on top of normal investment returns.
A super catch-up plan
It's a number that can only be described as mindboggling: $400 million a day.
Court decides on taxable capital gains distributions
The Federal Court has determined whether trusts that distribute capital gains to non-resident beneficiaries are taxable and will need to be included in their assessable income.
SMSF liquidity lessons learnt from the pandemic
Sometimes it is true that you don't know what you've got. Till it's gone. Music aficionados will recognise that line from Joni Mitchell's 1970s hit Big Yellow Taxi.
Do your investment goals stack up?
There's an old saying, to only focus on the things in life that you can control.
Retirement income framework deferred due to COVID-19
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.
