The tax and investment playbook developed for big balance SMSFs over the past 25 years is about to be ripped up. Here’s what ...

From July 1, earnings on superannuation balances above $3 million will be taxed at 30%, up from the current 15%. This includes both realised and unrealised gains – a controversial feature of the ...

targeting funds that are inactive and have not been lodging annual tax returns. Forsyth told the forum the closures come at the end of a year-long review of the SMSF sector. According to Colley ...

Australian Tax Office (ATO) data, from a statistical overview of SMSF’s tax returns from 2021-22 reveals: Average annual operating expenses were $6,872, with a median of $4,236. Average total ...

Regarding your comment about apps that calculate tax, they are not always as comprehensive when it comes to information required to complete SMSF financial accounts and annual returns. That doesn ...

Fund manager Geoff Wilson warns the proposed super tax risks destroying the trillion-dollar SMSF industry and will see investors instead opt for low-risk options that deliver steady returns.

Those (self-managed) super funds would be better off putting the money into a bank and getting a 5 per cent return ... SMSF Association chief executive Peter Burgess, who warned the decision to ...