News

New tax policy rushed and flawed

March 25, 2024

Division 296 tax SMSF Association Senate

Government plans to introduce a superannuation earnings tax for total super balances over $3 million have been rushed and remain flawed.

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International Shares, Investments

Global dividends surge

Global dividends Janus Henderson Investors

March 25, 2024

Todd Wills

Global dividends paid out to shareholders hit record highs in 2023, with banks leading the way, despite a decline from mining giants.

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ATO, Compliance & Regulation, SMSF

Dob in illegal access advice

ATO Illegal early access Promoters SMSF Superannuation

March 25, 2024

Darin Tyson-Chan

Superannuants have been asked to report individuals who are encouraging illegal early access of retirement savings balances to the ATO.

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Investments, Private Assets

Private asset exits may be costly

March 25, 2024

Jason Spits

Private assets can offer higher returns, but investors should be aware a quick, low-cost exit may not be possible during a downturn.

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Aged Care, Superannuation

Proposal for super to fund aged care

March 25, 2024

Jason Spits

A government-appointed taskforce has recommended those with higher superannuation balances should fund their aged-care requirements as this is consistent with the objective of super.

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Fixed Income, Investments

Market factors challenge fixed income approach

Fixed income Bonds Risk Pure relative value

March 25, 2024

Darin Tyson-Chan

The volatility currently afflicting fixed income markets should make investors reconsider their reliance on yield in portfolio bond allocations.

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Superannuation, Tax

Senate delays Div 296 report

Division 296 tax Senate Report SMSF Association Superannuation

March 8, 2024

Jason Spits

A Senate committee report examining the proposed Division 296 tax will now come out in May after being pushed back by three weeks.

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Pensions, Superannuation

TBC calculation all inclusive

Transfer balance cap Calculation Excess transfer balance Defined benefit pensions Federal Court

March 8, 2024

Jason Spits

The recipient of two defined benefit pensions has lost a court case to have them excluded from the calculation of his excess transfer balance, failing to prove they were not covered by tax laws.