Community
Increase in prohibited loans a concern: ATO
While the amount of illegally accessed funds from SMSFs has reduced, the amount of prohibited loans has gone up, the Commissioner of Taxation has said.
Home is where the super is for many Australians
More Australians are upsizing their super by downsizing their home.
Up to 700k retirees could be paying more tax than they should: SMC
Lack of proper financial advice is costing hundreds of thousands of retirees in unnecessary taxes, the Super Members Council has said.
Division 296 deliberately deceptive
A senior financial services industry executive has labelled the Division 296 tax as political deception, seeing there has been no honest indication of who the impost will really affect.
Carer rights – interdependency relationships
The stringent rules applied to the definition of interdependency have again been highlighted in a recent private binding ruling.
Five financial steps for the new year
The start of 2025 is a good opportunity to take decisive financial steps.
Australia’s economic growth set to recover in 2025
GDP growth is set to gain momentum despite sticky inflation and high interest rates.
How to shift into pension mode
When and how you can access your super to start an account-based pension.
Calls for clarification on NALI/E rulings
The ATO needs to provide clarification on a number of issues in the law companion ruling dealing with NALI/E, the joint bodies have said.