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Did your super fund receive a compensation payment?

Is a financial services compensation payment to your superannuation fund a contribution? Of late, there have been several compensation payments made by financial services providers to customers that were inappropriately charged or overcharged for insurance premiums or services they did not receive, etc.

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Did your super fund receive a compensation payment?
( Posted in: SMSF )

The 1 July 2021 superannuation changes

Changes from 1 July 2021 will impact on how much money you can contribute to superannuation and how much you can have in your retirement phase superannuation account.

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The 1 July 2021 superannuation changes
( Posted in: SMSF )

Amendments To Retirement Phase For Super

Treasury Laws Amendment (2018 Measures No. 4) Bill 2018  passed both Houses on Tuesday, the  12th of February 2019.

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Amendments To Retirement Phase For Super
( Posted in: SMSF )

Super Splitting With Your Spouse

Super splitting is important when one member of a couple has a much higher super balance. It is also beneficial for couples that have a large age gap between them. Also, people with relatively low superannuation amounts will benefit from the ability to split super contributions with their spouse.

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Super Splitting With Your Spouse
( Posted in: SMSF )

How Much Can I Save By Purchasing Property In A SMSF?

Quite a few years ago, I did some calculations on having a geared property within super versus a market linked ungeared fund portfolio.

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How Much Can I Save By Purchasing Property In A SMSF?
( Posted in: SMSF )

Superannuation Requirements For Temporary Residents

Most people are unaware that temporary residents working in Australia are eligible for super guarantee (SG). It is vital that all businesses who employ temporary residents are aware of the relevant super requirements.

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Superannuation Requirements For Temporary Residents
( Posted in: SMSF )

Every Three Year SMSF Audits – A Ludicrous About Face

SMSF Auditors now must: be registered with ASIC; be registered with the ATO; have enormous amounts of regular professional updates; and also be audited by their peak professional bodies, such as the Chartered Accountants ANZ and CPA Australia.

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Every Three Year SMSF Audits – A Ludicrous About Face
( Posted in: SMSF )

When Can You Take Your Super?

The cash sitting in your superannuation fund can be tempting, particularly if you are short of cash. But, the reality is there are very few ways you can take advantage of your superannuation once it has been contributed to the fund – even if you change your mind.

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When Can You Take Your Super?
( Posted in: SMSF )