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Illegal access nets $637 million
The ATO has found $637 million of superannuation savings has left the system due to illegal early access carried out through SMSFs.
Trustee decisions are at their own discretion: expert
A trustee doesn’t need to show reasons why they made a decision, they will only need to show they followed a proper decision-making process, says a specialist legal adviser.
Regular reviews and safekeeping of documents vital: expert
Keeping track of all documents relating to an SMSF trust deed is important if an estate planning issue arises, says an industry expert.
Latest stats back up research into SMSF longevity and returns: educator
There was a dramatic decrease in the number of SMSF wind-ups from 2018 to 2023, indicating that the SMSF sector is outperforming APRA funds in both returns and customer satisfaction, says a leading educator.