An article on the website Professional Planner talks about the report of a highly rated survey which says that the first quarter of 2015 saw a lot of SMSF trustees relying on overseas shares for the diversification of their portfolio.
Category: Commentary Archives
SMSF Sector Disapprove of The Super Tax Proposals
In an article for the website SMSF Adviser, Miranda Brownlee writes that the proposal by industry stakeholders to minimize Super balance and enhance taxes is being slammed by the lobbyists of the SMSF sector.
Unregulated SMSF Sector Exposed to Fraud
Katarina Taurian writes an article for the website SMSF Adviser wherein she writes that in comparison to the APRA, the SMSF sector is more vulnerable to the deceit of money launderers and organized criminals. One top reason cited for this is the fact that SMSF owners are often quite disengaged from their money pool and any fraud may not be detected till they take stock close to retirement.
A SMSF Tax Registration Called For
Tax agents looking to indulge in SMSF services must procure a specific registration, asserts an SMSF administration. An article on the website Accountants Daily reports on the issue. Enhanced regulation will help tighten the structure of SMSF and keep detractors at bay.
SMSF Contributions of Bankrupt Estates under Radar
An article on Financial Review focuses on how the creditors may target the bankrupt estates that have money parked in Superannuation. It is true that the money parked in Super is exempt from being treated as bankrupt estate but the amount such a SMSF holder will receive in pension income will largely depend upon an income test. There is ample chance that a big part of the balance may go to the creditors.
Should Small-business Owners Invest in SMSF?
In an article for the website Financial Review, Bryan Ashenden discusses whether SMSF is the right vehicle for small-business owners. Ashenden commits along the line that small business owners having their own name on their business property should get their business registered in the name of their Super fund. It is notable that this is only permissible for commercial properties.