Opinion piece written by John Maroney, CEO, SMSF Association First published in Financial Review on 23 March 2023. Licensed by Copyright Agency. Unintended consequences could include insurance payouts, non recourse property loans and even death benefits. The government’s decision to introduce a $3 million cap on super balances above which earnings will be taxed at…
News
March 20, 2023
Superannuation Rates and Thresholds
Written by Fabian Bussoletti, Technical Manager, SMSF Association Each year, several key superannuation rates and thresholds are indexed in line with movements to Average Weekly Ordinary Time Earnings (AWOTE) or Consumer Price Index (CPI). Following the release of these key statistics by the Australian Bureau of Statistics (ABS) last month, the thresholds most relevant to…
March 2, 2023
Issue 42: Is it back to the roaring ’20s again?
The Roaring ’20s, and I’m talking the 1920s, was a decade of economic growth and widespread prosperity. It followed the ‘Spanish Flu Pandemic’ which lasted two years, over a number of waves between February 1918 to and April 1920. Sound familiar? The decade following was a period of strong economic growth and technological change. Most…
February 28, 2023
Financial advice review leaves accountants out in the cold
Opinion piece written by John Maroney, CEO, SMSF Association First published in Financial Review on 23 February 2023. Licensed by Copyright Agency. The Quality of Advice Review has a lot of good stuff, but the conversation is ongoing for specialist advisers and accountants. The final report of the Quality of Advice Review has much to…
January 27, 2023
Issue 41: Thinking of getting started in investing or know someone who is? Consider the fundamentals first
Thank you for joining us again this year and for your interest and support over 2022. If you are joining us in 2023 for the first time, welcome and I hope you find these articles of interest and help. Just to reconfirm, these are my thoughts and ideas based on my experiences and are not…
January 23, 2023
Why you need more than just $200,000 to start your own super fund
Opinion piece written by John Maroney, CEO, SMSF Association First published in Financial Review on 23 January 2023. Licensed by Copyright Agency. It’s not only about the starting amount, says the regulator – illustrating the point with two different case studies. For anyone considering setting up a self-managed super fund, the updated guidance released recently…
December 27, 2022
Run your own super fund? This is what to watch out for in 2023
Opinion piece written by John Maroney, CEO, SMSF Association First published in Financial Review on 27 December 2022. Licensed by Copyright Agency. With government proposals to cap large super balances, there are four key issues to consider. There will be no shortage of issues for self-managed super funds to grapple with in 2023. The debate…
December 13, 2022
Issue 40: What’s ahead in 2023
There is always a temptation to look at a year in isolation, rather than placing it in the context of a slightly longer view, maybe within the last — not to mention the next two, three or even five years. So, it’s not surprising to see commentary for 2023 suggesting home prices continuing to fall,…
December 9, 2022
ASIC releases updated SMSF advice guidance
Written by Peter Burgess, Deputy CEO / Director of Policy & Education On December 8 2022 ASIC released information Sheet 274 Tips for giving self-managed superannuation fund advice (INFO 274). This information sheet is designed to help Australian financial services (AFS) licensees and their representatives comply with their obligations when providing personal advice about SMSFs. INFO…
December 5, 2022
How retirees can save more than $3000 a year
Opinion piece written by John Maroney, CEO, SMSF Association First published in Financial Review on 1 December 2022. Licensed by Copyright Agency. The income threshold for eligibility for a Senior’s Health Card has just been significantly increased in gift to many self-funded retirees. For some self-managed super fund (SMSF) members, Christmas has come early. Seven…