The increased use of SMSFs has led to a rise in complaints to AFCA, according to a senior ombudsman with the dispute resolution body.

SMSFs are not locked in to using the same exempt current pension income (ECPI) calculation method each year and can freely switch as it suits them.

There is an indicative measure investors can use when looking to compare the risk inherent with cryptocurrencies with the risk of equities.

SISFA will merge with Tax and Super Australia after its members unanimously agreed to the move at a recent general meeting.

SISFA has announced plans to merge with Tax and Super Australia rolling its operations and membership into the latter and dropping its name.

Limits apply to the tax deductibility of expenses related to setting up an LRBA, with the ATO viewing legal advice as outside the deduction provisions.

The ATO has reminded trustees that good record-keeping and the on-time lodgement of SMSF annual returns are legal requirements.