One of the golden rules of investing is diversification, but that can be difficult to achieve when you are just starting out or have limited funds to tap into a world of opportunities. Which is why investors have been flocking to exchange-traded funds (ETFs) and listed investment companies (LICs).
Tax alert: SMSFs face new reporting
Following the flurry of new tax rates and superannuation (super) changes that commenced on 1 July 2017, the Australian Tax Office (ATO) has moved back into more traditional territory with its announcements in the new financial year. Here’s a roundup of what’s new in the tax world: