Tag Archives | compliance

common mistakes to avoid

5 common mistakes in running an SMSF

The tax benefits of holding money in an SMSF come with a responsibility to follow the rules, and the penalties can be severe for what seem like innocent or mistaken breaches.

Hayne pointing

8 problems the Royal Commission missed

The Royal Commission did good work but it is not above criticism: faced with limited time, it spent too long on some subjects and missed crucial issues that will impact millions.

Final report

Royal Commission Final Report highlights

After a year of analysing financial services like it has never been done before, the RC Final Report was released today with 76 recommendations which are expected to be adopted. What will change?

permanent loss of capital

Risk is the permanent loss of capital

Two tenets of a successful investment philosophy: risk is the permanent loss of capital, and never succumb to either irrational exuberance or unjustified gloom. It takes discipline and strict adherence.

self-funded retirees

Super is worsening for self-funded retirees

Increases in longevity, and the numerous changes to the super system since inception, have mostly worked against self-funded retirees. Meanwhile, politicians and bureaucrats enjoy far superior retirement benefits.

PX-checklist-1614702__340

Latest SMSF updates from the ATO

The ATO has issued an update on illegal early release of super, when an SMSF is worth having, reporting obligations and trustee checklists. Make sure you stay on top of the rules.

LB_20170817_091825

The amazing AUSTRAC versus CBA turmoil

Readers made many insightful comments about trust in financial institutions last week, and we welcome further constructive feedback about the unbelievable cash laundering through CBA ATMs.

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