SMSF Association Media Release 09 January 2018 Changes to the assets test rules for the age pension that took effect from 1 January 2017 actively discourage middle-income wage earners from saving to be self-sufficient in retirement, says SMSF Association CEO John Maroney. He says the changes to the means test taper rate and thresholds, which…

SMSF Association Media Release 30 November 2017 A Royal Commission into banking and financial services will provide an opportunity to increase transparency and improve ethics and professionalism across the financial services sector, says SMSF Association CEO John Maroney. Addressing the Government’s announcement today of a wide-ranging inquiry into banking and financial services, Maroney says it…

SMSF Association Media Release 22 November 2017 SMSF trustees need to ensure that their funds comply with the Transfer Balance Cap (TBC) rules before the transitional period runs out on 31 December. The SMSF Association is recommending all SMSF trustees seek Specialist advice if they have any questions or doubt about how the TBC legislation…

SMSF Association Media Release 09 November 2017 The SMSF Association welcomes the news that the Australian Taxation Office (ATO) has followed several of its suggestions to reduce the compliance burden of transfer balance cap (TBC) event reporting on self-managed super fund (SMSF) trustees and their advisors. From 1 July 2018, the ATO will allow SMSFs…

SMSF Association Media Release 31 October 2017 The SMSF Association, Australia’s leading body representing the self-managed super fund sector, today hosted a dedicated education event exclusively for SMSF trustees in Sydney. Over 150 delegates attended the event to hear about the latest trends in investment, regulation and technology for SMSFs. SMSF Association CEO John Maroney…

SMSF Association Media Release 24 October 2017 The ability for all Australians to make tax-deductible voluntary superannuation contributions is benefiting many self-managed super fund (SMSF) members, says SMSF Association CEO John Maroney. “The opening up of voluntary superannuation contributions, which took effect on 1 July 2017, will effectively have the same result as employees making…

SMSF Association Media Release 12 October 2017 The clock is ticking for self-managed super fund (SMSF) trustees who want to apply for Capital Gains Tax (CGT) relief under transitional provisions that began on 1 July 2017, says SMSF Association CEO John Maroney. “Some SMSF trustees have a false belief that CGT relief can be applied…

SMSF Association Media Release 10 October 2017 The fundamental right of all employees to have the ability to choose their own superannuation fund should be an integral part of the retirement savings system, SMSF Association CEO John Maroney told a Senate Committee yesterday. “Giving all employees the option to select their own superannuation fund is…

SMSF Association Media Release 11 September 2017 The SMSF Association has told the Productivity Commission that a lack of stability in the superannuation system is an impediment to an efficient superannuation system that can deliver the best retirement savings outcomes for fund members. “The system needs a sustained period of stability free from significant changes,…

SMSF Association Media Release 20 August 2017 The SMSF Association is pleased to announce that the Reverend Tim Costello AO has been appointed Patron of the Association, effective 6 September 2017. He succeeds Sir Anthony Mason, a former Chief Justice of the High Court of Australia, who was the Association’s inaugural Patron when he was…