Mr Taxman
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Self-managed superannuation fund (SMSF) advocates are warning the Government to back off as it considers raiding the system to pay for its policy commitments.
Transcript of a speech made by Alison Lendon, the Deputy Commissioner of Superannuation to the 2013 SPAA SMSF National Conference, on 15 February 2013 in Melbourne.
With the government mulling over a tax increase on superannuation earnings for the wealthy in the May budget and the opposition wading in with their own plans for those on lower incomes we can smell a class war. Things are hotting up for this year’s election as politicians play out this little class war in the parliamentary battle ground but we want to take a look at how it affects taxpayers in the real world.
Reader question: I am considering purchasing an investment property (residential unit) through my self-managed super fund. I have heard about the tax concessions available through the SMSF, but with superannuation of just over $100K, I’d like to know if the costs involved in setting-up the SMSF (and running it) will be worth going ahead with.
The Australian Securities & Investment Commission (ASIC) yesterday released guidance to assist auditors of self managed superannuation funds (SMSF) register with ASIC. The guidance has been issued ahead of a new registration scheme for auditors to commence on 31 January 2013 as part of the Federal Government’s ‘Stronger Super’ reforms.
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