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October 4, 2018
To be eligible for tax concessions available to super funds, SMSFs need to meet the sole purpose test. Essentially, this means that the SMSF needs to be maintained for the sole purpose of providing retirement benefits to its members or their dependents if a member dies before retirement. Although the question of whether the sole...
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Previously if a member of a super fund had a complaint relating to the areas of regulated superannuation funds, annuities and deferred annuities, or retirement savings accounts, they would lodge the complaint with the Superannuation Complaints Tribunal (SCT), after approaching the fund first, of course. From 1 November 2018, these complaints will now be handled...
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