Expectations for super balances declining

According to the RaboDirect Financial Health Barometer, Baby Boomers in 2015 expected to retire with only $309,077, compared with 2014 when they expected their balance would be $452,310 upon retirement, and 2012 when they expected to retire with $514,798. Read the...

ATO sets record straight on LRBA panic

Earlier this month, the ATO released Practical Compliance Guideline (PCG) 2016/5, which sets out the safe harbour terms on which SMSF trustees may structure their LRBAs consistent with an arm’s length dealing. Read the full story at SMSF Adviser.