SMSF Insights

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From MFA to the Sock Drawer: Security in SMSFs

Written by Shelley Banton, Head of Technical, ASF Audits First Published by ASF Audits: https://asfaudits.com.au/from-mfa-to-the-sock-drawer-security-in-smsfs Security in SMSFs comes in all shapes and sizes. Tech-savvy SMSF trustees will have multi-factor authentication (“MFA”) enabled for all their investments, while others will happily rely on a sock drawer to store passwords. In the wake of recent cyber…

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Increase in CPI a positive for superannuation strategies

Written by Fabian Bussoletti, Technical Manager, SMSF Association According to the latest data from the Australian Bureau of Statistics (ABS) released yesterday, the Consumer Price Index (CPI) rose 0.2 per cent in the December 2024 quarter and 2.4 per cent annually. While this may have broader implications for the economy, from a superannuation strategy perspective,…

SMSF InsightsUnderstanding SMSFs

Your Super Update – Edition 6

17 December 2024 A round-up of some superannuation changes September – December 2024 and key developments that may be relevant to you, as trustee of your SMSF. It is important that you know what changes are coming, so you can effectively understand how they may affect you and the members of your SMSF. The contents…

SMSF InsightsUnderstanding SMSFs

Your Super Update – Edition 5

26 September 2024 A round-up of some superannuation changes May – September 2024and key developments that may be relevant to you, as trustee of your SMSF.  It is important that you know what changes are coming, so you can effectively understand how they may affect you and the members of your SMSF. The contents of…

Administering and ReportingSMSF InsightsUnderstanding SMSFs

Scams Awareness Week: ATO’s Fight against illegal early release schemes and your trustee responsibilities

Written by Mary Simmons, Head of Technical, SMSF Association Scams Awareness Week is the perfect time to highlight the Australian Taxation Office’s (ATO) ongoing efforts to crack down on promoters of illegal early release (IER) schemes. As an SMSF trustee, it’s essential to understand both the ATO’s role in taking action against these promoters and…