Archive for category: SMSF
News
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.
... read moreThe 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.
... read moreAmendments To Retirement Phase For Super
Treasury Laws Amendment (2018 Measures No. 4) Bill 2018 passed both Houses on Tuesday, the 12th of February 2019.
... read moreSuper 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.
... read moreHow 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.
... read moreSuperannuation 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.
... read moreEvery 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.
... read moreWhen 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.
... read more