Recent Posts in Superannuation SMSF


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Wednesday 26th September 2018
Date:
By  Stephanie Oakley

Family trusts and SMSFs carry their own benefits and disadvantages in providing a way to transfer and manage your family’s wealth. By weighing up the points of difference, you can choose the most appropriate option for you.

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Friday 21st September 2018
Categories: Superannuation SMSF | Tax
Date:
By  Stephanie Oakley

When it comes to how the super death benefit is paid out, there are specific tax implications involved which affect the amount a nominated beneficiary will receive.

In a situation where super is paid out after an individual has passed, it is generally split up into two components; taxable and tax-free. The tax-free portion

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Monday 21st May 2018
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By  Stephanie Oakley

As the end of financial year is fast approaching, it pays to start thinking about how you can grow your superannuation while seeking some tax breaks.

 

Spouse contributions

The spouse super tax offset allows higher earning taxpayers who contribute super for their non-working or low income earning partners

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Friday 4th May 2018
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By  Stephanie Oakley

Right now, the entire world is vulnerable to cyber crime. It doesn't matter how small your business is, how much you have in your savings account or where you are located, hackers are targeting everyone who doesn't have their personal information on lock.

Cyber criminals are attacking Australia's superannuation funds - a small

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Friday 4th May 2018
Date:
By  Stephanie Oakley

In the last decade, millennials' share of superannuation fund balances have more than doubled to 14.6 per cent, according to Roy Morgan data. This means that millennials have the greatest growth potential as Baby Boomers start to cash out for retirement. 

But

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Friday 6th April 2018
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By  Stephanie Oakley

The Australian superannuation system is a fantastic option for everyone, allowing you to set up for a comfortable retirement. In fact, it's one of the best retirement systems in the world. The 2016 Mercer Melbourne Global Pension Index has Australia ranking third out of 27 countries! 

There are several ways Australians

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Monday 18th December 2017
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By  Stephanie Oakley

The decision between living debt free and having sufficient savings for retirement is often a difficult one.

There are benefits to allocating money to both your super and your mortgage. Take your personal circumstances into consideration with the following pros and cons of each:

 

Mortgage

Paying

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Monday 18th December 2017
Date:
By  Stephanie Oakley

To retire comfortably, you should be doing everything you can while still in the workforce to make sure your superannuation is as fruitful as possible.

 

Consider the following:

Consolidate super into one account

Super account fees can eat away at your super balance, especially if you have numerous

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Monday 18th December 2017
Date:
By  Stephanie Oakley

Travelling overseas for an extended period of time is an exciting adventure. What isn’t so exciting is the prospect of breaking compliance laws in relation to your SMSF while enjoying your trip.

There are specific conditions that must be met to deem the self-managed super fund ATO compliant. They are as follows:

 

Fund

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Wednesday 27th September 2017
Date:
By  Stephanie Oakley

 

1. What is asset protection?

Asset protection involves planning to protect assets from potential future financial setbacks such as creditor claims, business failure and family disagreements. It is a risk management strategy, designed to provide individuals with a degree of protection.
 
There
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