One of the more interesting figures to come out of the Australian Taxation Office’s (ATO’s) June Self Managed Super Fund (SMSF) Statistical Report was the proportion of members with incomes less than ...
The latest annual numbers on the sector says the average balance for female SMSF members lifted by 23 per cent from 2018 to mid-2021, to $736,000. Meanwhile, males in SMSFs did not do quite so well, ...
One in seven self-managed superannuation funds fail to lodge tax returns on time, or at all, leaving the regulator in the dark about the risks in the booming $1 trillion industry, which is growing by ...
The Australian Tax Office has sent caution letters to the operators of 2000 SMSFs about illegal ‘divided washing’ practices, as trustees are again being told to take heed of warnings or risk facing ...
Johanna Leggatt is the Lead Editor for Forbes Advisor, Australia. She has more than 20 years' experience as a print and digital journalist, including with Australian Associated Press (AAP) and The Sun ...
Self-managed super fund trustees should be under no illusions, the Australian Taxation Office takes a very dim view of prohibited loans. Not only because they breach the law, but also because they ...
Setting up a Self-Managed Super Fund (SMSF) can be an effective way for Australian investors to take control of their retirement savings, depending on the investor's circumstances, capability and ...
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