4+ day, 4+ hour ago   (365+ words) Richard Webb, CPA Australia Superannuation Lead, said Australia risks focusing too heavily on reducing Age Pension costs rather than ensuring retirees enjoy adequate retirement incomes. Webb said comments from Treasurer Jim Chalmers at the Super Members Council (SMC) Super Summit…...

5+ day, 3+ hour ago   (428+ words) The report, released on 8 September, found that there are now 680,301 SMSFs in Australia, with more than 52,000 new entries since June 2025. The June 2026 quarter saw 12,264 new entrants. Total membership of funds increased to more than 1.24 million Australians up from 161,024 in June…...

1+ week, 3+ day ago   (606+ words) The 2026 AMP Retirement Confidence Pulse found that nearly 60 per cent of people fear they will run out of money in retirement, with 75 per cent stating the cost of living and inflation are putting pressure on retirement. The analysis reveals that…...

1+ week, 5+ day ago   (572+ words) “Clients might think their super gets dealt with by the will, and that may be the case, but often what their reality is and what their intentions are don’t align, and that’s when, of course, a lot of disputes can…...

2+ week, 3+ hour ago   (523+ words) In its update on Superannuation Account Balances: 2026 Edition, ASFA said around 56 per cent of people aged 65+ now receive a full or part Age Pension, down from 70 per cent in 2012. It also found that the mean super balance for people aged…...

2+ week, 3+ day ago   (682+ words) Townsend said if you have a specific arrangement that you want achieved such as your assets to be held only for your children and not an ex-spouse, or your assets not to be available to a creditor then it is…...

2+ week, 6+ day ago   (578+ words) The PBR (1052514604156) dealt with the adult child of the deceased who was the sole member of an SMSF. In support of the ruling application, the beneficiary also provided a number of statements to illustrate the nature of the relationship between…...

3+ week, 5+ day ago   (328+ words) With the ATO recently clarifying its self-assessment guidelines, now is a good time to revisit the rules and the practical steps SMSF accountants should take when a pension shortfall is discovered. In the ATO’s view, if a fund fails to…...

3+ week, 5+ day ago   (588+ words) “This is an area where people come a cropper because it’s based on the deceased person’s balance at the previous 30 June and their age and making sure that minimum pension is received in that year,” Sanderson said. “The transfer balance…...

3+ week, 6+ day ago   (267+ words) “Although every super fund is entitled to claim it, in practice, it is used only by SMSFs,” Busoli said. “If life cover is held in a large fund and retirement savings in an SMSF, a relatively common scenario for APRA…...