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Page 7 - Smsfs News Today : Breaking News, Live Updates & Top Stories | Vimarsana

SMSFs reminded on other requirements with director resignations

While the ATO’s recent relief for resigned will benefit many SMSF directors who have recently wound up their fund, there are other important requirements to be aware of, says a technical expert.

SMSFs to be hit with penalty hike in 2023

With the value of penalty units set to increased on 1 January, SMSFs will be paying higher penalties for breaches next year. The Commonwealth penalty unit amount is set to be indexed on 1 January 20

SMSFs targeted in government s new director ID campaign

The Albanese government has launched a new awareness campaign for director IDs with figures last month indicating only a third had applied so far. In a press release issued on Wednesday (19 October),

SMSFs chasing franked dividends should diversify overseas

The bulk of ASX dividends come from just a few sectors and that leaves SMSFs vulnerable, says fund manager. Returns from ASX stocks overwhelmingly come from a handful of sectors and SMSFs should be l

SMSFs warned on risk of mortgage prison

With further interest rate rises expected over coming months, some SMSFs may be left trapped in legacy products paying higher interest rates, a prominent SMSF lender has warned. Speaking to SMSF Ad

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