SMSF advice review to focus on set-up suitability and early access: ASIC
Both illegal early access and SMSF suitability are known concerns of the regulator, but Sciacca noted that the driver of this review is ASIC's desire to audit...
Modelling shows early $20,000 'gift' closes SMSF gender imbalance: Class
The gender gap may be closing in SMSF balances (and at a much faster rate than APRA funds), but it's still a glacial pace. Class modelling shows that an early...
Home bias saw SMSFs outperform APRA funds during brutal 2022 market slide
In a year when Australian equities far outperformed international stocks, APRA-regulated funds felt the brunt more than SMSF trustees, who still favour the...
Policymakers urged to simplify ‘unnecessarily complex’ SMSF system
Transfer Balance Caps, Super Balance Thresholds and the rules overseeing the notice of intent to claim a tax deduction are all overly complex and could do with...
$3 million super cap to cost SMSF members up to $80,000 in tax
The government's plan to increase taxes on super balances above $3 million will have a costly impact on the SMSF sector, with thousands of members likely to...
SMSF trustees lack diversification, still underweight international shares
With new data showing offshore share investments comprise just 2 percent of total self-managed superannuation fund assets in Australia, advisers are warning...
Art investment in SMSFs 'not easily done', but trustees backing their taste
With almost $600 million worth of SMSF assets held in art - up 54 per cent since 2016 - the original alternative investment is seeing a significant resurgence...
Downsizer, NALE rule changes top shifting regulatory backdrop for SMSFs
Peter Burgess told the SMSF Association's National Conference the industry group has pushed for some of the developments, while it continues to oppose others,...
'Not a honeypot': ATO flags increase in illegal early access to super via SMSFs
The success and popularity of SMSFs has also given several hundred thousand people direct access to their retirement savings. More concerning, the ATO...
SMSF sector poised for growth as millennials, Gen X opt for 'the Spotify of superannuation'
Despite a growth hiccup in 2022 the SMSF sector is trending in the right direction, with more younger people opting for choice in the way they manage their...
SMSF investors flock to longer term deposits, but Aussie equities still reign
The shift to healthy longer term deposits has begun, and while Australian equities still dominate SMSF portfolios the way they access them is changing.