News

Superannuation

Budget cleans up reporting oversight

SMSFs information

The budget has corrected an administrative oversight removing a requirement for SMSFs to report fund information only relevant for retail and industry superannuation funds.

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Pensions

Volatility drives pension reduction

minimum pension drawdown

The 50 per cent reduction in the minimum pension drawdown will remain in place until mid-2023 due to market volatility.

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Superannuation

Minimal budget changes endorsed

superannuation federal budget

The fact superannuation changes announced in this year’s federal budget have been minor has been welcomed by the main financial services bodies.

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NALI/NALE

Share scheme expansion needs NALE clarity

NALE share schemes

An expansion of access to employee share schemes puts more weight behind the need for clarity in the operation of non-arm’s-length expenditure rules.

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Residential Property

FHSSS slightly more attractive

super saver scheme deposits

The First Home Super Saver Scheme may have more appeal for some given the reduction in minimum deposits on home purchases included in the budget.

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ATO, Documentation

SuperStream relief for SMSFs

superstream relief

SMSFs struggling to obtain an electronic service address for SuperStream rollovers will be able to use paper forms to action them under temporary relief from the ATO.

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Superannuation

Bigger role for super under Labor

superannuation Labor

Superannuation is likely to play a bigger role in the nation’s economy should Labor win the federal election to be held later this year.

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Australian Shares

Three stocks to benefit from energy crisis

energy stocks

A recommendation has been made for investors to include energy stocks of non-Russian companies in their portfolios due to the current geopolitical environment in Europe.

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Documentation

Director ID request only needed once

Director identification

An application for a director identification number will only be required once regardless of when it is used or activated.

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Investments

Volatile markets risk to investors

Volatility markets

A portfolio manager has advised investors to consider their strategies to manage rising volatility as financial markets experience uncertainty.

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Our Story

selfmanagedsuper is the definitive publication covering Australia’s SMSF sector. It uniquely offers online content tailored separately for SMSF professionals and individual trustees participating in the fastest growing and largest sector of the superannuation industry. As such, it is a must read for those wanting to stay informed about the latest news, regulatory developments, technical strategies, investments, compliance, legal and administration issues concerning SMSFs.

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