Latest News

Latest Articles

• Four SMSF breaches high on the ATO’s radar
  The Tax Office is actively targeting SMSF trustees over a range of super breaches. Home ownership is still the great Australian dream for many people.
• Home is where the super is for many Australians
  More Australians are upsizing their super by downsizing their home.
• Investment and economic outlook, February 2025
  The latest forecasts for investment returns and region-by-region economic outlook.
• TBC increase not just about pensions
  An industry consultant has reminded practitioners the indexation measure to be applied to the general transfer balance cap will have implications for other elements of the superannuation system as well that are unrelated to income streams.
• SAR non-lodgment continues to be a concern: ATO
  The non-lodgment of superannuation annual returns continues to be one of the ATO’s major concerns, the deputy commissioner for superannuation has said.
• Increase in prohibited loans a concern: ATO
  While the amount of illegally accessed funds from SMSFs has reduced, the amount of prohibited loans has gone up, the Commissioner of Taxation has said.
• Retiree confidence undermined
  Cost-of-living pressures have eroded retiree confidence and prompted many to recalibrate their expectations, according to a new financial services sector report.
• The Most Held Currencies in the World | 1850-2024
  Check out the most powerful Currencies in the World | 1850-2024
• Up to 700k retirees could be paying more tax than they should: SMC
  Lack of proper financial advice is costing hundreds of thousands of retirees in unnecessary taxes, the Super Members Council has said.
• Calls for clarification on NALI/E rulings
  The ATO needs to provide clarification on a number of issues in the law companion ruling dealing with NALI/E, the joint bodies have said.
• Australia’s economic growth set to recover in 2025
  GDP growth is set to gain momentum despite sticky inflation and high interest rates.
• Carer rights - interdependency relationships
  The stringent rules applied to the definition of interdependency have again been highlighted in a recent private binding ruling.
• Division 296 deliberately deceptive
  A senior financial services industry executive has labelled the Division 296 tax as political deception, seeing there has been no honest indication of who the impost will really affect.
• Five financial steps for the new year
  The start of 2025 is a good opportunity to take decisive financial steps.
• How to shift into pension mode
  When and how you can access your super to start an account-based pension.