News

Australian Shares, Investments

Market correction on its way

share market correction

Investors are warned to expect a share market correction even if the Australian Securities Exchange experiences better performance after the recent budget.

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Pensions, Superannuation

Work test, legacy pension details clarified

work test bring forward

The government has clarified how the proposed work test and non-concessional contribution bring-forward rules outlined in the budget will operate.

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Australian Shares, Investments

Crypto boom requires caution

cryptocurrency investors

Cryptocurrency has boomed in popularity despite the risks but investors have been warned to consider their actions before committing to the asset class.

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Business news

Harder line for acrimonious member exits

SMSF member exits

Protracted member exits which cause an SMSF to effectively become an non-complying fund are beginning to be treated more severely by the ATO.

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ETFs

Understanding underlying ETF assets critical

ETF assets

Retail investors have been urged to learn about the true nature of underlying assets or indices of a particular ETF before making a portfolio allocation.

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Residential Property, Superannuation

SMSF residency rules simplified

SMSF residency rules

Changes to SMSFs residency rules, including the scrapping of the active member test, are expected to significantly simplify the superannuation system.

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Contributions, Retirement

Work test to end mid-2022

work test cease

The work test on non-concessional contributions will cease from mid-2022 as the government seeks to boost the retirement savings of older Australians.

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Pensions, Superannuation

Legacy pension issues addressed

legacy pensions

The decision in this year’s budget to give individuals a two-year opportunity to commute legacy pensions has been well received by SMSF stakeholders.

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Contributions

Downsizer open to more people

downsizer contribution extended

The downsizer contribution scheme will be extended to now start from age 60, with the government claiming the move will free up housing for younger people.

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Investments

Tech sector popularity not abating

Technology sector investment

Companies in the technology sector will continue to present solid investment opportunities as COVID-19 changes will become permanent.

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