SMSFs that hold farms or small businesses should do a “stress test” on their funds in preparation for the Division 296 tax, a leading adviser has said.
The Australian Securities and Investments Commission (ASIC) has warned Australians to beware of high-pressure sales tactics aimed at getting people to switch superannuation providers.
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.