Analysis from one of the country’s biggest asset management firms has revealed a “deadweight loss” of $94.5 billion to the nation’s economy if the Division 296 tax gets over the line.
Australian SMSFs have historically maintained strong exposure to local assets, with portfolios concentrated in Australian shares and cash.
The latest forecasts for investment returns and region-by-region economic outlook
The ATO has reminded trustees they have until 30 June to make their minimum payment from their pension.
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