SUMMARY: The future of super under an Abbott Government is being unveiled – slowly, but surely. And SMSFs will be relative winners. What is said before an election, whether promises or stated intentions, means little. It’s what gets delivered afterwards that’s counts. This was illustrated forcefully last week with the reversal of the Abbott Government’s […]
PORTFOLIO POINT: SMSF and geared property is white-hot news. So, let’s not lose sight of a few of the dangers. I’ve never seen anything like it. And I’ve been writing about superannuation for well more than a decade. While superannuation “issues” occasionally get plenty of column centimetres in the mainstream media (while specialist media cover […]
PORTFOLIO POINT: ASIC will make it tougher for industry professionals to push clients down the path of opening a SMSFs. The snowball in the numbers of SMSFs and the associated members and trustees continues rolling and growing. The latest tax office data, released over the weekend, shows SMSFs numbered 509,362 at 30 June, with a […]
PORTFOLIO POINT: Want financial advice on retirement, pensions or Centrelink entitlements? Read this before you make your first phone call. You wouldn’t have believed some of the squealing that followed the release of the latest adviser shadow shopping report. Responses from advisers included gems such as “staggered with the arrogance of ASIC” and “why not […]
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