Latest News Archives - Page 39 of 69 - Virtue & Partners

18 September 2020

SMSFs urged to act on compliance issues ahead of tougher penalties

SMSFs with outstanding compliance issues should consider making a voluntary disclosure while the ATO still has a more flexible approach in place and before they implement tougher admin penalties, says a law firm.
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14 September 2020

A beginner’s investment guide to long-term wealth

It's often said that starting out early on one's investing journey will deliver good long-term results.
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10 September 2020

ATO confirms important issue on pension payments

The ATO has confirmed only payments made to a member after 24 March in excess of the reduced minimum pension can be treated as a lump sum, even where a valid election was previously in place, says the SMSF Association.
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7 September 2020

How SMSF trustees navigated COVID-19 volatility

Last week, Vanguard and Investment Trends launched the 2020 SMSF Investor Report. This year's report surveyed over 3000 SMSF trustees on their investment priorities and industry outlook, providing an insight into how trustees navigated through COVID-19 volatility.
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Pandemic spurs a rise in investment scams

In the current low interest rate environment, an investment product offering low-risk, high returns may sound very tempting.
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Estate planning and investments

It's a question most of us ask eventually: what happens to our investments when we die?
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Early release of Super extended to Dec 31

Superannuation fund members facing financial hardship have been given an extended window to access retirement savings under the early release scheme.
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Excess TBC issues surfacing with reduced pension account values

The ATO has expressed concern that some trustees with diminished pension account values may be putting themselves at risk of exceeding their transfer balance cap by commuting their pension and then topping it back up.
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The Bond Market.

2020, a year that will be marked in history by a pandemic that had devastating effects on global health and economic activity to individuals and nations across the world.
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Treasury underestimates early super by $15bn

The government now expects around $42 billion to be removed from the super system as a result of the early release scheme, having revised up its initial estimates of $27 billion at the start of the scheme.
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COVID-19 resources -Update July 2020

Several new links have been added to the many already in this article, links that date back to the beginning of the COVID-19 pandemic. If you have any questions, or require further assistance, please send us an email or phone.
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JobKeeper Phase 2

The Government has decided to extend a lower JobKeeper for a further six months (13 fortnights) from 28 September this year, with eligibility based on actual rather than projected turnover declines.
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