Superannuation contributions are regarded as a river of gold into Australia’s finance industry, but is that about to change as fund members retire and draw pensions from their fund?
Accountants referring clients to robo-advice tools need to be wary of licensing constraints.
The 1 July changes to Australia’s superannuation laws will transform super from being a safe harbour for accumulated wealth to a more limited retirement savings fund for the masses – and its critics say many more people will feel a negative impact than the government claims.
The deadline for major superannuation reforms is just around the corner, raising serious concern among many accountants and their clients.
The billions of dollars pouring into superannuation savings are irresistible to investment scammers, but accountants are putting a stop to their dubious schemes.
Investors should be conscious of rule changes that may affect property investments made through their self-managed superannuation funds.
The ATO is increasing its focus on SMSF auditors who fail to meet key independence requirements.
After a long transition period, Regulation 7.1.29A, the accountants’ exemption for giving SMSF advice, has finally been repealed.
Self-managed superannuation fund trustees and their advisors need to be alert to the latest round of wealth-stripping fraudulent schemes.
They started as a side issue, but self-managed superannuation funds have now become one of the biggest elements in Australia’s retirement system – and they are poised for further growth.