SMSF Association Media Release The SMSF sector will benefit from technology advances, but it will be evolutionary, not revolutionary, SMSF Association CEO John Maroney told the Thought Leadership Breakfast that kick started the Association’s 2022 National Conference at the Adelaide Convention Centre today. “We have seen the advances that technology have delivered to the SMSF,…
March 29, 2022
Extension of temporary cut in pension drawdown rates welcomed
SMSF Association Media Release The Federal Government’s decision to extend the temporary reduction in superannuation pension drawdown rates has been welcomed by the SMSF Association. Announced as part of a 2022-23 Federal Budget that saw few changes to the superannuation system, SMSF Association CEO John Maroney says: “The temporary reduction in the minimum drawdown rates…
March 10, 2022
SMSF Association opposes cap on super balances
SMSF Association Media Release The SMSF Association remains opposed to a cap on superannuation balances. SMSF Association CEO John Maroney says: “We do not and have never supported such a cap. “These balances are a legacy issue with the 2017 changes putting clear limits on contributions to superannuation funds and on amounts that can be…
February 24, 2022
Changes to performance calculations cautiously welcomed
SMSF Association Media Release The SMSF Association welcomes adjustments made by the Australian Tax Office (ATO) to align their SMSF performance calculations more closely with the methodology used by the Australian Prudential Regulation Authority (APRA) to calculate returns for APRA-regulated funds. Association CEO John Maroney says: “All else being equal, it has been widely acknowledged…
February 15, 2022
SMSFs’ investment returns competitive with APRA funds at $200,000
SMSF Association Media Release The investment performance of a typical self-managed super fund (SMSF) improves as the fund balance approaches $200,000. Once this threshold is reached the fund achieves comparable investment returns with APRA regulated funds, according to comprehensive research released today by the University of Adelaide’s International Centre for Financial Services (ICFS). In its…
February 3, 2022
SMSF Association calls for simplification of Transfer Balance Caps
SMSF Association Media Release The SMSF Association has called for the Transfer Balance Caps (TBCs) to be simplified in its 2022-23 Federal Budget submission to the Federal Treasury. In its wide-ranging submission on the Budget set to be handed down on 29 March, the Association has placed simplification of TBCs at the top of its…
December 2, 2021
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November 22, 2021
COVID-19 relief for SMSFs may require specialist input
SMSF Association Media Release The various relief measures implemented by the Federal Government in the wake of the COVID-19 pandemic and extended into the 2021-22 financial year have highlighted the need for SMSF specialist advice, says SMSF Association CEO John Maroney. “Managing an SMSF can be complex at the best of times, particularly for those…
November 8, 2021
Specialist advisers have key role to play in preventing scams
SMSF Association Media Release SMSF specialist advisers can play a critical role in assisting trustees and self-directed investors avoid cybercrime and investment scams. SMSF Association CEO John Maroney says: “Scams Awareness Week, which launches today, is an excellent time to remind SMSF members that there are extremely sophisticated scams circulating, and that their retirement savings…
September 28, 2021
SMSFs exemption from retirement income strategy legislation gets thumbs up
SMSF Association Media Release The SMSF Association has thrown its in principle support behind the Government’s decision to remove SMSFs from the legislative requirement for trustees to develop a retirement income strategy for fund members. Commenting on the release of the draft legislation that will introduce a requirement for APRA regulated fund trustees to develop…