Super Industry News
Super changes trigger tax hit for $200b in SMSF assets
See the comments as reported in the 2 August 2018 edition of the AFR
Superannuation: Assessing Efficiency and Competitiveness
Download the Productivity Commission's report into Superannuation
Government announces plans to expand SMSF member limit
Why Labor has got it wrong on franking credits
Why Labor has got it wrong on franking credits. Robert Gottliebsen writes in The Australian on April 20 2018
SMSF Member limit to be increased from 4 to 6
SISFA welcomes the impending announcement by Kelly O'Dwyer of an increase in the member limit of SMSFs from 4 to 6. SISFA has lobbied for this increase for some time now on the basis that larger family groups have been forced into setting up multiple funds because of this limitation
2018_03 Adviser Webinar on New Opportunities for contributions
Click on the link to view a recording of our Adviser webinar series. Presented by Graeme Colley, Superconcepts
2018_02 New reporting requirements for SMSFs webinar
Click on the link to view a recoding of our Trustee webinar series. Presented by Graeme Colley, Superconcepts
ATO SMSF Statistical Overview
ATOs SMSF Statistical review for 2015-16 (released today!) . The report highlights include SMSFs make up 99.6% of the total number of superannuation funds and 30% of the $2.3 trillion total superannuation assets as at 30 June 2017. SMSF statistical overview 2015-16 feature 6
ATO extends due date for 2016–17 SMSF returns
The ATO has announced that it will extend the lodgment date for self managed superannuation (SMSF) annual returns for the 2016/17 year to 30 June 2018. Because 30 June 2018 falls on a Saturday, the ATO has confirmed the lodgment can occur on Monday 2 July 2018 without penalties. ...
ATO Tip sheet - your concessional contribution cap
These Tip Sheets are designed to highlight some of the practical considerations and decisions that SMSF trustees and SMSF members need to be mindful of in the coming months.
This Tip Sheet also highlight the consequences for SMSF members who exceed their concessional contributions cap.
ATO Tip sheet - Transfer balance cap
Just in from the ATO - these Tip Sheets are designed to highlight some of the practical considerations and decisions that SMSF trustees and SMSF members need to be mindful of in the coming months.
This Tip Sheet also highlight the consequences for SMSF members who exceed their...
Upcoming ATO Webinar Tuesday 21st Nov at 2pm AEST
The ATO will be presenting a webinar for self managed super funds (SMSFs) on event based reporting for SMSF Professionals. The webinar will address the ATO’s event based reporting framework as announced in the media release on 9 November 2017.The details...
Have your say: frequency of SMSF transfer balance cap event-based reporting
24-Aug-2017 | ATO
We have published a position paper about how self-managed superannuation funds (SMSFs) will report events affecting individual members' transfer balances from 1 July 2018. We are seeking feedback from the SMSF industry about two options regarding frequency of reporting. Option 1: SMSFs report events ...
Top Five Questions for SMSF Trustees
25-May-2017 | ATO
Superannuation changes announced by the Australian Government start on 1 July 2017 – with SMSFs amongst some of those who may be affected. To debunk some of the misconceptions surrounding the reforms, we have outlined five of the most frequently asked questions, to help SMSF trustees prepare for and better...
Even fairer, more flexible and sustainable superannuation
15-Sep-2016 | The Hon Scott Morrison MP & The Hon Kelly O’Dwyer MP
The Government has today announced improvements to the superannuation changes announced in the 2016-17 Budget that make Australia’s superannuation system even fairer, more flexible and more sustainable. Following extensive consultation, the Government will amend the package to improve the measures that seek to restrict superannuation being used as an estate planning vehicle,...