Business
ATO stats reveal more competitive SMSF costs – Sydney Morning Herald
Data show the median “operating expense” of SMSFs was just $3923 a year, a likely more appropriate indication of their true basic operating cost.
Previous analysis had relied on the use of averages that ignored distortions caused by either very large SMSFs or funds that had chosen to have extensive and expensive services. Those studies also included expenses such as insurance, investment advice and interest that were lumped in under the term “operational expenses”.
Funds with account balances of more than $2 million also have a significant impact on the weighting of the costs allocated to average figures.
With the ATO data, we now have …
-
Noosa News15 hours agoMan allegedly killed at teenage house party identified as co-founder of Universal Store
-
Noosa News19 hours agoFather found stabbed dead upstairs at teenagers’ Brisbane house party
-
Noosa News20 hours agoSA ban on plastic produce stickers on hold as growers struggle with costs
-
General20 hours agoJim Chalmers will have to juggle competing demands to secure tax reform