Page 26 - Technical Strategy News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The ATO has made a new update to strengthen identity security for practitioners and clients when accessing myGov.

SMSFs should not completely ignore a retirement income strategy despite being carved out of the new obligations being imposed on superannuation funds, says one peak body.

SMSFs investing in unlisted companies can commonly face traps that aren’t as straightforward compared to standard investments, requiring the need to ensure it can go through hurdle checks to ensure it complies with super laws, according to a technical specialist.

Acquiring shares under an employee share scheme (ESS) via your self managed superannuation fund (SMSF) may appear attractive but greater uncertainty has arisen following the ATO’s recent ruling, LCR 2021/2, on the application of the non-arm’s length income (NALI) rules to such a transaction.

One financial adviser says that those looking to optimise their superannuation in the wake of new legislation will want to talk to an expert before doing so.