News

Budget cleans up reporting oversight

March 30, 2022

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

March 30, 2022

Jason Spits

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

March 30, 2022

Tia Thomas

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

March 30, 2022

Jason Spits

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

March 30, 2022

Darin Tyson-Chan

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

March 25, 2022

Jason Spits

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

March 25, 2022

Darin Tyson-Chan

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

March 25, 2022

Darin Tyson-Chan

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