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Australian retirees face accelerating price pressures
Couples now need nearly $70,000 per year to achieve a comfortable retirement, while singles need around $50,000 according to an analysis from the ASFA Retirement Standard.
More SMSF members accessing funds without meeting conditions: ATO
The ATO said it is seeing a rise in behaviours which indicate SMSF members may be accessing their funds before meeting the conditions of release.
Australian equities retain grip on SMSF assets
The largest portion of the SMSF investment pool is held in domestic shares, according to a recent survey.
One in seven SMSF directors yet to apply for ID
Around 100,000 SMSF directors still need to apply for their director ID despite the deadline passing two months ago. Extensions are available for legitimate reasons.
Inflation edges lower while GDP grows but slows
The latest figures from the ABS reveal economic growth last year and show inflation coming off its peak.
Contribution caps to stay the same for 2023–24 year
Concessional and non-concessional contribution caps are set to stay at $27,500 and $110,000 following the release of the AWOTE figure.
Why most investors want human advice
Artificial intelligence systems, and their ability to undertake often complex tasks in seconds, are increasingly gaining attention and user traction.
Three simple steps for financial wellness
If money’s too tight to mention, here’s some small steps that can make a big difference in achieving your financial goals.
No plans to extend NALI compliance relief, says ATO
The ATO says it does not intend to extend PCG 2020/5 for another year and will wait to see what changes the government legislates.