Insurance Bonds are the next best sheltered tax vehicle to super and can deliver personal tax arbitrage benefits for higher taxed investors. They also open a multitude of financial planning strategies and solutions. Ross Higgins from AUSTOCK Life is seeing more clients and their advisers using Imputation Bonds in ‘strategy-based’ and/or ‘alternative structuring’ applications that […]
superannuation
SUPERCentral News – Issue 140 April 2016
ATO releases Safe Harbour Guidelines The ATO has just released its Safe Harbour Guidelines in relation to limited recourse borrowing arrangements (LRBAs). ATO releases 2016/17 Superannuation Thresholds The Superannuation Thresholds for the 2016/17 financial year have now been released by the ATO. “What is the point of Super?” “What is the point of Super?” asked […]
SMSFs that breach their obligations – penalties often apply
Being in control of a superannuation fund does not come without responsibilities or obligations and the ATO is now able to hit trustees where it hurts the most (their wallet!) if they forget this. If a trustee breaches any of the sections in the below table, the ATO can impose a fine which is payable […]
SUPERCentral News – Issue 139 February 2016
Super & Tax Expenditures: What’s the fuss? Much TV and newspaper time has been consumed by the topic of superannuation. In particular, for the need to reform (read change) the superannuation system. Latest Super Statistics: Numbers with surprises APRA has shed some statistical light on Australia’s $2,000b superannuation sector with the release of its Quarterly […]
Townsends Lawyers advise SMSF sector to be wary of digitally signing trust deeds
Peter Townsend is recommending that SMSF trust deeds signed electronically in the eastern states are revisited and signed with a wet signature on an actual deed document as required by law. While advancements in technology now allows the application of digital signatures, the application of the law does not agree, specifically: (1) In NSW, VIC […]
Murray Review presents super sleeper issues and a 'known unknown'
While the focus of the Government’s response to the Financial System Inquiry (Murray Review) has been the decision to continue limited recourse borrowing, there are, from a superannuation perspective, two sleeper issues and one known unknown. The first sleeper issue is “CIPR” which stands for “comprehensive income product for retirement”. The Government intends to alter […]
OneVue Holdings announces FY2015 results
OneVue Holdings Limited today announced its full year results for the year ended 30 June 2015, exceeding the prospectus forecast and demonstrating the Company’s strategy of building the business through organic growth, targeted acquisitions and deepened client relationships.
Money + Ethics The Winning Mix For Savvy Investors
Australian Ethical’s Smaller Companies fund won No. 1 spot in SuperRatings’ ‘Australian Shares’ category — produced a return of 16.05% Australian Ethical’s Advocacy fund option was also No. 1 out of the 69 funds in the SuperRatings’ ‘High Growth’ category — produced a return of 15.98% Australia’s leading, independent superannuation research firm, SuperRatings, has released […]