BUDGET SPECIAL: The government will spend more than $10 million to implement the proposed Division 296 tax on defined benefit interests. ow.ly/LOIS50RGH0T

#SMSF #financialplanning #smstrusteenews #smsfinvestors #budget2024 #federalbudget

BUDGET SPECIAL: The absence of an announcement declaring the government’s commitment to a legacy pension amnesty has disappointed the sector’s peak body. ow.ly/Q3cv50RGGSG

#SMSF #smstrusteenews #smsfinvestors #budget2024 #federalbudget

BUDGET SPECIAL: Social security deeming rates will remain locked at their current level boosting income available to age pension recipients. ow.ly/hKOQ50RGGXo

#SMSF #financialplanning #smstrusteenews #smsfinvestors #budget2024 #federalbudget

BUDGET SPECIAL: The decision to pay superannuation on paid parental leave has been widely supported as an effective measure to close the gender gap in retirement for women. ow.ly/l3R550RGH34

#SMSF #financialplanning #smstrusteenews #smsfinvestors #budget2024 #federalbudget

📷 Watch | Trust deed mistakes 📷

Insignia financial senior technical services manager Julie Steed talks through some of the most common mistakes made in regards to trust deeds. ow.ly/kRQH50Powj9

To see more SMSF related videos, subscribe here: smstrusteenews.com.au/subscribe/

Investors can get an income boost by using the recent development of call options being available in some ETFs. ow.ly/V9r750RE3E9

#SMSF #financialplanning #smstrusteenews #smsfinvestors

The ATO has notified SMSF trustees it has changed the content of its text alerts in order to prevent scams. ow.ly/kpfy50Rx1C0

#SMSF #financialplanning #smstrusteenews #smsfinvestors

The SMSF Association has labelled its time at a Senate inquiry into the proposed Division 296 tax as disappointing with limited time to address problems with the draft legislation. ow.ly/Eygy50Rx1AO

#SMSF #financialplanning #smstrusteenews #smsfinvestors

Macquarie Bank has been ordered to pay $10 million in fines after failing to prevent unauthorised fee transactions from its clients’ SMSF accounts by a third party. ow.ly/cev150RCLJA

#SMSF #financialplanning #smstrusteenews #smsfinvestors

Properties acquired using an LRBA need not automatically be transferred from a bare trust into an SMSF once the loan has been paid back. ow.ly/cZHG50RE4M3

#SMSF #financialplanning #smstrusteenews #smsfinvestors

Accurium SMSF Association Mark Ellem Peter Burgess

Investors should be aware of the network of smaller companies contributing to the rise of artificial intelligence technologies. ow.ly/lfVB50RCLG1

#SMSF #financialplanning #smstrusteenews #smsfinvestors

The shadow treasurer has outlined the approach a future coalition government will use with regard to superannuation policy. ow.ly/v94W50Rtbi8

#SMSF #financialplanning #smstrusteenews #smsfinvestors

Global X has added to its suite of technology-focused ETFs with a new fund targeting the growth of the artificial intelligence sector. ow.ly/fQeE50Rtb8J

#SMSF #financialplanning #smstrusteenews #smsfinvestors

Private credit investments into property development may offer SMSFs looking for better returns than cash a new alternative asset class. ow.ly/x5Zx50Rtb3N

#SMSF #financialplanning #smstrusteenews #smsfinvestors

The ATO is currently focusing on deductible expenses associated with investment properties with regard to its compliance enforcement procedures. ow.ly/7jBi50Rtbjb

#SMSF #financialplanning #smstrusteenews #smsfinvestors

Continued higher levels of inflation and the possibility of a recession in the immediate future make bonds a better proposition than term deposits. ow.ly/AFkH50Rtbgj

#SMSF #financialplanning #smstrusteenews #smsfinvestors

The ATO has issued a fact sheet to remind SMSF trustees not to use the services of people promoting access to superannuation before they are eligible to withdraw it. ow.ly/eU1M50Rtbby

#SMSF #financialplanning #smstrusteenews #smsfinvestors

SMSF Association Peter Burgess