Tag: New

News

Beware transfer balance cap strategies when it comes to death benefits

August 2019 Opinion piece written by John Maroney, CEO, SMSF Association Published in the Australian Financial Review on 15 August 2019 Maximising your $1.6 million pension cap may backfire on your beneficiaries. Strategies to work around the $1.6 million transfer balance cap (TBC) may be useful for those in pension phase trying to maximise their retirement savings.…

News

Short term nerves trump long term wisdom

August 2019 Investors have a bad habit of doing the wrong thing in the wake of sharemarket lurches such as the one we are experiencing, basing their reaction on gut instinct rather than logic. Newspapers will blare “billions wiped off markets” and nervous investors will obey their overriding nervous sentiment and sell. “Australian shares lose…

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SMSFs attract younger members

August 2019 Written by Robin Bowerman, Head of Corporate Affairs at Vanguard/Board Director of the SMSF Association Given that self-managed super funds (SMSFs) hold more than half of the retirement dollars in super, it is easy to assume that self-managed super is dominated by older members. Not so. In reality, a high proportion of investors establishing…

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Wanted: Post-retirement advice for SMSFs

July 2019 Written by Robin Bowerman, Head of Corporate Affairs at Vanguard/Board Director of the SMSF Association Self-managed super funds (SMSFs) have increasing unmet needs for advice about having a regular retirement income, investing in retirement and estate planning. The 2019 Vanguard/Investment Trends SMSF Report estimates that 145,000 SMSFs have unmet needs for advice on post-retirement planning…

News

The right way to use transition to retirement schemes

July 2019 Opinion piece written by John Maroney, CEO, SMSF Association Published in the Financial Review on 19 July 2019​ Given it is the beginning of the financial year and many are considering starting or continuing pensions, it is timely to take a look at transition to retirement income stream options. These streams allow people…

News

EOFY: A time to review, rebalance and recommit

July 2019 Written by Robin Bowerman, Head of Corporate Affairs at Vanguard Australia/Board Director of the SMSF Association Memories of June growing up in Tasmania are of bleak days, frost-covered windscreens, icy football fields and the strong desire to hibernate. But perspectives change – slowly in this case – over time. June in Tasmania is…

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The future of SMSF reporting is here

Written by Jordan George, Head of Policy, SMSF Association The new financial year brings new reporting requirements for SMSFs and a new set of acronyms. From 1 July 2017 superannuation fund members are subject to a $1.6 million transfer balance cap (TBC) which limits the tax exemption for assets funding superannuation pensions. To support the…

News

New contribution rules in run up to the end of the financial year

June 2018 Jordan George, Head of Policy, SMSF Association Age may just be a number, but it is an important factor in determining how the changes to the superannuation contribution rules apply to you. 65 and 75 are often the key ages in regards to eligibility and given that the Australian Taxation Office (ATO) considers…