The ATO has released its updated Law Companion Ruling (LCR) 2021/2 regarding the application of non-arm’s length income (NALI) laws with the SMSF Association giving it a mixed welcome noting it still lacks specific guidance in places.
Australians under 45 now expect they will need at least $100,000 a year per household to live comfortably in retirement, according to new research from Vanguard.