Archive for the ‘Uncategorized’ Category

• Specialist urges action on likely budget targets

Posted on April 22nd, 2016 by Mirela

Heffron SMSF Solutions has urged practitioners to take action on several fronts ahead of the budget, and offered predictions for what lies ahead for certain SMSF strategies.   Heffron SMSF Solutions head of customer Meg Heffron said she fully expects to see reductions in the non-concessional contributions cap and greater restrictions placed around the bring […]

• Govt urged to consider changes to death benefit payments

Posted on April 22nd, 2016 by Mirela

The SMSF Association has urged the government to introduce fund-to-fund rollovers of death benefits to adult children, and has renewed calls to repeal the anti-detriment strategy.   In its pre-budget submission, the SMSF Association said adult children should be able to retain the proceeds of a superannuation death benefit in the form of a preserved […]

• ATO outlines FY16-17 SMSF compliance agenda

Posted on April 19th, 2016 by Mirela

Among other priority items, related-party transactions will be high on the regulatory agenda in the 2016-17 financial year, with the ATO set to release further guidance on certain questionable arrangements.   In recent years, related-party transactions have been high on the ATO’s compliance agenda for the SMSF sector.   FY2016-17 will be no different, ATO […]