Techknow - A Promoter and a Finfluencer walk into a bar

30 Mar 2023

Podcast

Information for advice professionals only.

Recently the ATO released new guidance highlighting the promotion of schemes that encourage the establishment of a SMSF for the purposes of accessing members funds before the members have met a superannuation condition of release, or an illegal early release scheme. The guidance and website offers practical tips for people to make sure they don’t unwillingly break the law. In this podcast we will discuss the guidance, possible scenarios and consequences.

You can also access this podcast via Soundcloud.

The Experience Pathway and Legacy Pensions on the mind of advisers

The Experience Pathway and relief for Legacy Pensions continue to be on the mind of advisers, but with no confirmed progress (as yet) ongoing guidance indicates we may receive some certainty this year.

Podcast

Techknow - Cracking the code on super balance equality

With the recent news that the gender pay gap has fallen to its narrowest margin of 13.3%, the gap that exists in super balances remains almost twice that. As celebrations commence for International Women’s Day 2023, a day that recognises not only how far we have come toward gender equality, but also how far we have to go, this week’s podcast looks at the role financial advisers can play to help crack the code on super balance equality.

Podcast

Techknow - SMSFs and the Death Bed withdrawal

On 10 February 2023, the ATO released a new guidance discussing the issue of death bed withdrawals by superannuation members, confirming their position that in most instances a benefit requested by a member before death but paid after the death of the member will be a death benefit payment. In this podcast we will discuss the guidance and possible scenarios and consequences.

Podcast

Things you should know: This commentary has been prepared by Westpac Financial Services Limited for use by advisers and must not be made available to any client. The commentary provides an overview only and should not be considered a comprehensive statement on any matter or relied upon as such. Projections given are predicative in character and whilst every effort has been taken to ensure that the assumptions on which the projections are based are reasonable, the projections may be based on incorrect assumptions or may not take into account known or unknown risks and uncertainties. The results ultimately achieved may differ materially from these projections. This commentary may also contain material provided by third parties derived from sources believed to be accurate at its issue date. While such material is published with necessary permission, Westpac Financial Services Limited does not accept any responsibility for the accuracy or completeness of, or endorses any such material.