Recent Posts in Superannuation SMSF
Back to Main
Self-managed super funds (SMSFs) have a number of investment restrictions which apply to transactions conducted within the fund.
One such restriction applies to transactions involving ‘related parties’ of the fund and ‘relatives of members.’ Identifying related party transactions in an SMSF can be complex, no one
... more
Superannuation does not have to be time consuming or difficult.
Do the five-step super check to help sort out and grow your super.
... more
Managing a self-managed super fund (SMSF) in the event a trustee passes can be a difficult and complicated process.
While succession planning may not be one of the first responsibilities which comes to mind when managing a SMSF, it can ensure the funds stability for remaining members as well as providing certainty and peace of
... more
As the end of the financial year is fast approaching, it is an ideal time to think about ways that you could grow your superannuation.
Here are some strategies you can consider that will enable you to streamline your finances while also seeking some generous tax breaks.
Concessional contributions:
Also known as before-tax
... more
Self-managed super funds are closely monitored by the ATO to ensure regulations are being met across all areas. It is the responsibility of SMSF trustees to comply with all related super and tax laws.
The ATO is looking into a number of high-risk areas
An income stream from your self-managed super fund ensures regular, flexible and tax-effective income as a pensioner. These streams can be received as a series of benefit payments from your SMSF.
Income streams from an SMSF are usually account-based, which means that the amount allocated to the pension comes directly from a member’s
... more
You must make a binding death benefit nomination if you want control and certainty over who will inherit your superannuation assets after you pass away.
Contrary to what you may think, your will does not automatically control the payment of your death benefits. If you do not make a binding death benefit nomination your super trustee
Trustees who overlook important details or are reported to the ATO, risk incurring financial, civil or criminal penalties.
The role of the trustee should not be taken lightly as with greater control, comes greater responsibility should the administration of your SMSF go awry.
Protect your retirement nest egg and avoid these common
... more
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.
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
