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25.01.2022 Superannuation Death Benefit Limitations As an SMSF trustee, you need to take special care when paying death benefits as you are responsible for ensuring that the payment rules are met. Strict rules apply, affecting who can receive a death benefit, the form in which the death benefit can be paid and the timing of such payment. Read the SMSF Association White Label here: https://foxtonfinancial.com.au/superannuation-death-benefi/... Photo by Daniel Cheung on Unsplash

24.01.2022 Current investment yields are at an all-time low so in the current low-interest rate environment, how can self-directed investors, including SMSF trustees, earn... higher yield without a disproportionate increase in risk? Discover more in the latest article provided by Zagga: https://bit.ly/3jIcbOR See more

24.01.2022 The NSW Government has announced an increase to the reward for information into the disappearance of a Redfern man more than 15 years ago. Simon Knight was 32 w...hen he was last seen at a hotel on Crown Street, Surry Hills, on the morning of Thursday 21 July 2005. When Mr Knight, a chef, did not arrive for his shift at a café in Newtown later that day, he was reported missing to police. Despite extensive investigations at the time, and over the years, Simon has never been found. A coronial inquest conducted in 2008 found that it was unlikely that Mr Knight had died but he has not been seen since and a body has never been located. A reward of $100,000 was announced at the time. Detectives from South Sydney Police Area Command are continuing to investigate the circumstances surrounding Mr Knight’s disappearance under Strike Force Glenlea. To assist with ongoing inquiries, the NSW Government announced the reward for information has been increased to $250,000 from today (Friday 6 November 2020). Minister for Police and Emergency Services, David Elliott, said he hopes the $250,000 reward will be the catalyst for someone to provide the information that helps solve the case. No parent should live with the pain of not knowing if their child is safe, or where they are, or what harm might have come their way, Minister Elliott said. I implore you to contact the police if you have any information, no matter how insignificant, that could help solve the case of Mr Knight’s disappearance. South Sydney Police Area Commander, Superintendent Andrew Holland, said that investigators are seeking any information from the community that may lead them to answers about Simon’s disappearance. We believe there are people in the community who have vital information about Mr Knight’s movements on the day he was last seen, and possibly, his whereabouts; information that could help us solve this case, Supt Holland said. At this time, we are keen to speak with anyone who lived or frequented Crown and Oxford streets, Surry Hills, in July 2005, particularly if they knew Simon and have not yet spoken to police. Please cast your mind back and try to recall if you saw this young man around the area even a small piece of information about Simon’s movements could make a big difference to this investigation. At the time of his disappearance, Simon was described as being of Caucasian appearance, 183cm tall, with blue eyes, a fair complexion, red hair and facial hair. When he was last seen, it is believed he was wearing a dark green T-shirt and blue jeans. As the investigation continues, Simon’s parents, Robyn Conlan and Bob Knight, are hopeful for answers. Our son has been missing for over 15 years and his father, sister, brother and I need to know what happened to him, said Robyn. Of course, we are extremely grateful for this opportunity to hopefully find out once and for all what occurred all those years ago, she said. Although it is now more than 15 years since Simon disappeared, we are very grateful to the police for their assistance and the work they have done in relation to the reward increase, said Bob. Both Supt Holland, and Det Sen Cst Mabberley, have been very helpful and, like us, are hoping that new information will come to light so we can find out what happened to our son Simon. The $250,000 reward is available for information leading to the discovery of Simon Knight’s whereabouts or disclosing the circumstances of his disappearance. Anyone with information about Mr Knight’s disappearance is urged to contact Crime Stoppers on 1800 333 000. Information is treated in strict confidence. The community is reminded not to report crime via NSW Police social media pages.

23.01.2022 Do you have a self managed super fund or are thinking of setting one up? Stay up to date with the latest #SMSF news via our brand new SMSF Connect Facebook page. Follow us at the link: https://bit.ly/358FB4y

23.01.2022 When did you last review your SMSF’s investment strategy? You may be aware that the Australian Tax Office (ATO) has issued letters to nearly 18,000 SMSF trustees as part of a campaign to ensure trustees are aware of their investment obligations. Of key concern is ensuring that trustees have considered diversification and liquidity of their assets when formulating and executing their fund’s investment strategy....Continue reading

23.01.2022 Foxton Financial is proud to be supporting the NSW SES Volunteers Journal. The Volunteer contains a variety of information that is pertinent to NSW SES Volunteers including rescue and lifesaving techniques, bushfire protection, water safety and road accident rescue.

23.01.2022 Superannuation death benefits review succession plans. Regardless of the size of your superannuation benefits, it is vital that you sort out your estate plans to ensure that you have a well prepared estate plan so that the right assets go to the right beneficiaries. You need to make sure that you get holistic estate planning advice and have arrangements in place to review your estate plans regularly. Estate plans are not to be set and forgotten. Visit this full post at foxtonfinancial.com.au

23.01.2022 COVID-19 Accessing your superannuation early You may be aware that the Government recently announced measures which allow individuals affected by the economic impacts of COVID-19 to access a limited amount of their superannuation early. Making the decision to access your superannuation early is a significant one and if possible, should be encompassed by financial advice.... The Australian Taxation Office have now released guidance on the process for accessing superannuation early from SMSFs to assist in cushioning the adverse economic effects of Coronavirus. https://foxtonfinancial.com.au/covid-19-accessing-your-sup/

22.01.2022 The economic impacts of the COVID-19 crisis are causing significant financial distress for many businesses and individuals. If your SMSF has a property and a tenant in financial distress, you may be able to provide your tenant with rental relief under an agreed commercial arrangement. This may even be the case when the tenant is a related party or yourself. Ordinarily, charging a tenant a price that is less than market value in an SMSF is usually a breach of superannuation la...ws. However, the ATO have provided guidance which allows SMSF landlords to provide for a reduction in or waiver of rent because of the financial impacts of the COVID-19. For the 201920 and 202021 financial years, the ATO will not take action where an SMSF gives a tenant who may also be a related party a temporary rent reduction during this period. https://foxtonfinancial.com.au/covid-19-providing-rental-r/

22.01.2022 Go the @raiderscanberra @canberramilk #BleedGreen #Canberra #NRL

22.01.2022 Is your SMSF adequately diversified? SMSF trustees need to truly understand diversification and better diversify their portfolios. The benefits of a well-diversified portfolio are numerous but the key ones that SMSF trustees should focus on are the benefits of mitigating volatility and short-term downside investment risks, preserving capital and the long-run benefits of higher overall returns. By spreading an SMSF’s investments across different asset classes and markets offer...ing different risks and returns, SMSFs can better position themselves for a secure retirement. However, did you know that 82% of SMSF trustees believe that diversification is important but in practice many do not achieve it? https://foxtonfinancial.com.au/is-your-smsf-adequately-div/

22.01.2022 Foxton Financial is proud to announce that we have been awarded the 2019 IPA Practice of the Year for 2019. For such a young company (but with a lot of experience with our staff) this is a great honour. We work hard to provide the best for our clients and are so pleased with this recognition of our hard work.

21.01.2022 If you get a call like this, just hang up... https://bit.ly/30t4AKQ

21.01.2022 Looking for important SMSF investment information including diversification, portfolio construction and specific asset classes? Join our free community today to access a range of key resources tailored to SMSF trustees. https://bit.ly/2Zwbi2f

21.01.2022 SMSF Connect, SMSF Association Trustee Knowledge Centre, is a fantastic resource for SMSF Trustees. https://smsfconnect.com/knowledge-centre

20.01.2022 Financial Planning Week #FPWeek2020 runs 5 11 October as part of World Financial Planning Day #WFPD2020. FPA - Financial Planning Association of Australia has... commissioned new research, the FPA Money & Life Tracker: COVID edition looking at the money and life issues of Australians amid the pandemic. The research shows that those who had a financial planner by their side were able to cope more confidently than those who didn’t. Find out more: https://www.moneyandlife.com.au See more

20.01.2022 How much money do you need to start an SMSF?

19.01.2022 As your local Canberra specialists in taxation, we work closely with those in Defence. With year-end tomorrow we are able to sit with you and arrange all your accounting and finance needs.

19.01.2022 Bill to increase the maximum number of allowable members in an SMSF to 6 has been introduced into Parliament. https://foxtonfinancial.com.au/bill-to-increase-the-maximu/

19.01.2022 COVID-19 The Government’s economic stimulus packages explained Over the past two weeks the Government has announced two economic stimulus packages to cushion the economic impact of the Coronavirus. A total of $189 billion is being injected into the economy by all arms of Government in order to keep Australians in work and businesses in business.... This includes $17.6 billion for the Government’s first economic stimulus package, $90 billion from the RBA and $15 billion from the Government to deliver easier access to finance, and $66.1 billion in yesterday’s economic support package. https://foxtonfinancial.com.au/covid-19-the-governments-ec/

18.01.2022 We have some exciting news, our Practice is up for an award! Our Practice is a member of the Institute of Public Accountants (IPA) and each year they sponsor two very important awards, namely the IPA Member of the Year Award and the IPA Practice of the Year Award. We are proud to tell you that we have been nominated for the 2020 Practice of the Year Award. We’re hoping we can count on your support by way of an endorsement. If you could kindly take 2-3 minutes to complete a... brief survey supporting our nomination that would be greatly appreciated. The primary question relates to why you think we should win the IPA Practice of the Year Award and brief testimonial is all we need to set ourselves apart from the other members of the IPA who have also been nominated in this category. To support our nomination please click here:https://forms.office.com/Pages/ResponsePage.aspx

18.01.2022 COVID-19 Accessing your superannuation early https://foxtonfinancial.com.au/reach-your-future-unlimited/

17.01.2022 Here is a helpful End of Year Guide for Trustees (From SMSF Association). https://smsfconnect.com//heres-an-end-of-year-guide-for-sm

17.01.2022 Scam Alert! Be on the lookout for a new scam email targeting Australian Taxation Office and Services Australia customers. The ‘subsidy’ scam email claims to be... from Services Australia and asks people to reply with their personal information and copies of their ID to qualify for a fictional payment. Services Australia will never ask you to provide tax, superannuation or identity documents via email. They don’t ask for your personal information this way. If you get this email, do not reply - delete immediately! See details at https://bit.ly/2GcdZkX Info via - Services Australia

15.01.2022 We are excited to announce that, again, we will be supporting the NSW Police Association. PANSW assist not only our Men and Women in blue but also their families. https://pansw.org.au/

15.01.2022 Ensure you're on top of your new financial year SMSF compliance requirements. Join the free SMSF Connect community for key compliance information to help manage your SMSF with confidence. https://bit.ly/2Zwbi2f

15.01.2022 Electronic service address To receive SuperStream data your self-managed super fund (SMSF) needs an electronic service address. An electronic service address is an alias used by your SMSF. It represents the uniform resource locator (URL) or internet protocol (IP) address of a messaging provider. An e-mail address is not an active electronic service address.... You can get an electronic service address from an SMSF messaging provider or through your SMSF administrator, tax agent, accountant or bank. Many of these options are no cost or low cost. https://www.ato.gov.au//self-m/electronic-service-address/

14.01.2022 https://foxtonfinancial.com.au/2020-21-federal-budget-upda/

14.01.2022 It is important to always keep your technical skills up to date. Especially in these economic times. SMSF Association 2020 Technical Day. Exciting content and wonderful presenters.

13.01.2022 Our new webiste has gone LIVE! Please come and visit and all feedback is appreciated. https://foxtonfinancial.com.au/

12.01.2022 Hear from the Association's Deputy CEO / Director of Policy & Education, Peter Burgess, as he summarised the Federal Budget's key superannuation, retirement income, personal tax & other relevant changes that may impact you. #Budget2020

12.01.2022 Foxton Financial is proud to support the Australian Institute of Policing. Policing has experienced considerable change over recent years generated by complex social, economic and political changes; changes in science and technology, in laws, values and standards, in knowledge and understanding about the causes of crime and social disorder; and changes in increased expectations upon police by the community. Professionalisation of policing is necessary to address these issues... and the establishment of a professional body for policing is integral to this professionalisation process. https://www.aipol.org/about-us/

12.01.2022 Happy Financial Year!

12.01.2022 Please be careful, any doubts, call your tax agent.

11.01.2022 The ATO will be writing to SMSFs that have all their retirement savings tied up in CryptoCurrency and Property. This is an interesting article from the Australian. https://www.theaustralian.com.au//f1a32fcd916fdececd35a8ac

11.01.2022 Our new website will be going 'live' soon! When we do we will announce and would love some feedback!

10.01.2022 The Australian Federal Budget has been released. Find all the papers at budget.gov.au #Budget #EconomicRecovery

10.01.2022 SMSF Association - ACT Local Community Event!! We have our upcoming Local Community Webinar event, next Tuesday at 10.30-11.30am, to discuss: Early access to superannuation how to handle client queries on this topic... Rental and other types of relief for SMSFs how to answer client questions and advise next steps JobKeeper and JobSeeker payments hear from other small businesses about how they’ve tackled these topics Economic stimulus package announcements what are you eligible for? We also have an additional topic presented by Craig Phillips, SSA, Managing Director at Phillips Wealth Partners, on Aged Care. It would be great to have you there and give us a chance to connect and discuss any matters that are affecting yourselves and your clients at this time. Details 9 Jun 2020 10:30 am AEST - 11:30 am AEST Knowledge Area: Practice Management, Taxation CPD Hours: 1 Cost: $10 for members and $20 for non-members https://www.smsfassociation.com//act-smsf-local-communiti/

10.01.2022 Are you a member of our SMSF Community? Sign up for free to access a range of #SMSF resources and add your voice to our advocacy efforts! https://bit.ly/2K8R1vd

09.01.2022 SMSF or Tax Queries? Drop us a line so we can assist. https://foxtonfinancial.com.au/

09.01.2022 Many of us have been #workingfromhome recently & are continuing to adopt hybrid versions of working between the office & the home. But a new case dubbed the '...home office with a twist' is shedding light on what you can claim. Read our latest article for more - https://bit.ly/3he0ldT #WFH #COVID19

09.01.2022 Are you based in #NSW? Join our free SMSF community to be one of the first to hear our exciting announcement very soon... https://bit.ly/2NJgtHM

08.01.2022 WINNER - IPA 2020 ACT Practice of the Year Award!!!! This is the second year running we have been recognised with this prestigious award. The IPA received high quality endorsements from our clients, colleagues and community members and we want to thank you so very much. ... https://foxtonfinancial.com.au/winner-ipa-2020-act-practic/

08.01.2022 Nerd alert! Budget time #ThatTimeOfTheYear #Finally #Accounting #Budget

08.01.2022 We have some exciting news, we are up for an award! We are a member of the Institute of Public Accountants (IPA) and each year they sponsor two very important awards, namely the IPA Member of the Year Award and the IPA Practice of the Year Award. ... I am proud to tell you that we have been nominated for the 2019 ACT/NSW Practice of the Year Awards. The nomination recognises the contributions in the Accounting/Finance Industry, the positive impact we have had on our client's businesses as well as the work done in the community. The Awards are a way for Professionals to gain public and industry recognition. I’m hoping I can count on your support by way of an endorsement. If you could kindly take 2-3 minutes to complete a brief survey supporting our nominations that would be greatly appreciated. The primary question relates to why you think we should win the IPA Practice of the Year Award and brief testimonial is all I need to set us apart from the other members and practices of the IPA who have also been nominated. IPA Practice of the Year Award - https://www.surveymonkey.com/r/36GTXJG If you would like to learn more about the IPA, please click here.

06.01.2022 Lodgement dates are coming up, 17th May. Let us help you ensure you are lodged on time and all up to date. We specialise in SMSF, Personal, Trust and Small Business.

06.01.2022 SMSFs and Property. https://foxtonfinancial.com.au/smsfs-and-property/

06.01.2022 Happy New Years Eve! Foxtonfinancial.com.au #foxton #smsf #tax #accounting #2020ACTPracticeoftheYearIPA

05.01.2022 COVID-19 PROVIDING CONCESSIONS FOR THE LRBA IN MY SMSF The economic impacts of the COVID-19 crisis are causing significant financial distress for many businesses and individuals. If your SMSF has a related party loan and is impacted due to the financial effects of COVID-19, you may be able to provide your LRBA with relief under an agreed commercial arrangement.... Read more here: https://foxtonfinancial.com.au/covid-19-providing-concessi/

03.01.2022 Can your SMSF invest in a racehorse? A popular question around Melbourne Cup time, unfortunately the answer isn't a simple yes or no. Learn more at the link: https://bit.ly/34A63kE

03.01.2022 We have registered for the SMSF Association 2020 Technical Day. I am very much looking forward to this interactive online training day. Not only do you you get to visit sponsors at their virtual booths and get the benefit of comprehensive technical content but there are networking opportunities and all sessions will be available for up to one month post-Technical Day via the online platform. You cal also earn up to 10.5 CPD hours! In a series of interactive and comprehensive... technical sessions, you’ll be introduced to complex theories and strategies covering ethics, pensions, contributions, death and much more. Have a look at the program outline and GET ON BOARD! https://www.smsfassociation.com/smsf-tech-day/

02.01.2022 Is one of your New Year's resolutions to improve your administration and reporting duties as an SMSF #trustee? Step through the year with confidence with a range of resources on SMSF Connect: https://bit.ly/38Z3goa

02.01.2022 With 30th June being on the weekend this year please remember that contributions and pensions should be actioned by now. If not ensure the withdrawals and deposits are made in time. Any questions shout out.

02.01.2022 Did you know your Will DOESN’T cover your SMSF? https://foxtonfinancial.com.au/reach-your-future-unlimited/ #Death #EstatePlanning #SMSF #Accounting #Accountant #IPA

02.01.2022 We are so excited to have one of our own named a finalist in the Women in Finance Awards for Accountant of the Year. The Women in Finance Awards, in partnership with AMP Bank, is a national awards program recognising the contribution of women in the finance industry. This award is dedicated to recognising excellence among the industry’s top female professionals who are shaping and influencing the financial services industry. The finalist list, which was announced on 21st Jun...e, features over 232 high-achieving professionals across 26 categories. The Women in Finance Awards program champions the unique, modern and innovative set of business and leadership skills women bring to the table in finance, said Katarina Taurian, head of editorial at Momentum Media. Sincere congratulations to this year’s finalists, who have been recognised for their outstanding contribution to shaping and steering the success of their profession, their business, and the financial wellbeing of their clients. We look forward to a stellar evening in August of celebration, networking and sharing. The winners will be announced at a five-star celebration dinner on 1 August, at The Star Sydney.

01.01.2022 COVID-19: Negative returns looking for the positive? https://foxtonfinancial.com.au/covid-19-negative-returns-l/

01.01.2022 https://www.cwaustral.com.au/emag/1909/11777-5155-84155471/ Police Association NSW September Edition.