The Australian Tax Office has sent caution letters to the operators of 2000 SMSFs about illegal ‘divided washing’ practices, as trustees are again being told to take heed of warnings or risk facing tough new penalties. by Kirsten Robb
Statistics indicate that the level of super savings will be well below what is required to live comfortably in retirement. Given this, you might want to consider setting up your own SMSF. by Janine Cox
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