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The SMSF Association’s COVID-19 response

Updated as of 22 April 2020  The SMSF Association as a priority is actively monitoring the economic uncertainty resulting from COVID-19. We will provide updates as they are announced in conjunction with SMSF resources to help you navigate the challenges ahead. The latest updates on this page include ASIC’s relief measures announcement and resource, LRBA…

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SMSFs with collectables need to read the fine print

April 2021 Opinion piece written by John Maroney, CEO, SMSF Association First published in The Financial Review on 21 April 2021. Licensed by Copyright Agency.   Got art, jewellery or cars in your collection? Watch out for how they’re insured, where you store them and who uses them. The rules around the holding of collectables and personal-use assets…

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Running an SMSF is far from set and forget

April 2021 Opinion piece written by John Maroney, CEO, SMSF Association First published in The Sydney Morning Herald on 13 April 2021. Licensed by Copyright Agency.   The decision to set up a Self-Managed Super Fund (SMSF) should not be taken lightly. Although it puts SMSF trustees on a journey towards financial self-funding in retirement, it…

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Devil in the detail with indexed super transfer cap

March 2021 Opinion piece written by John Maroney, CEO, SMSF Association Most self-managed super fund members and their advisers were coming to grips with the new rules around transfer balance caps. But then along came indexation. When the Transfer Balance Cap (TBC) was introduced on July 1, 2017, the federal government’s aim was to introduce…

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Special Address: Senator the Hon Jane Hume

February 2021 The SMSF Association were honoured to be joined by Senator the Hon Jane Hume, Minister for Superannuation, Financial Services, and the Digital Economy earlier this month at their virtual National Conference, the premier event for SMSF professionals and the SMSF sector. In her Special Address to over 1100 delegates, the Minister provided a…

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Reform aims to cut costs and simplify SMSFs

February 2021 Opinion piece written by John Maroney, CEO, SMSF Association Trustees frustrated by excessive paperwork and expensive advice frameworks will be watching two government initiatives with great interest. There is growing momentum for financial services reform that could see the cost of administering a self-managed super fund fall, with federal Treasury and the Australian…

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Pandemic puts investors in charge

February 2021 Opinion piece written by John Maroney, CEO, SMSF Association Published in The Financial Review on 23 February In the three months to September 30 last year, the number of self managed superannuation funds increased 5,530 as 5,607 people decided they wanted to take direct control of their super. Last financial year tells a…

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Lessons learnt by SMSF trustees during market meltdown

February 2021 Opinion piece written by John Maroney, CEO, SMSF Association Published in The Sydney Morning Herald on 16 February 2021. To put it mildly, 2020 was a harrowing year for investors. For Self-Managed Super Fund trustees, many sitting on their life’s retirement nest eggs, it was even more so. On February 20, the S&P/ASX…

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Life about to get more complicated for SMSF trustees

January 2021 Opinion piece written by John Maroney, CEO, SMSF Association Published in The Financial Review on 28 January 2021. Rejoicing at the indexation of the transfer balance cap from July 1 because you’ll get more in tax-free pension phase? How it will work is likely to be frustrating. Since July 1, 2016, the complexities…