Archive for category: SMSF
News
Can my SMSF invest in property development?
Explore the appeal of property development in SMSFs: 15% tax rate benefits, retirement advantages, and key considerations for Australian trustees.
... read moreTax on super balances above $3m hits Parliament
Explore the implications of the proposed 15% tax on super balances above $3M, particularly for assets like property and business in SMSFs. Learn how it may affect you.
... read moreLegislating the ‘objective’ of super
The proposed objective of superannuation released in recently released draft legislation is: ‘to preserve savings to deliver income for a dignified retirement, alongside government support, in an equitable and sustainable way.
... read moreStapled super funds for new employees
When you employ new staff and offer them a choice of super fund, it’s possible that they won’t choose one. If this happens, you will need to request the employee’s stapled super fund from the ATO in order to meet your choice of fund obligations.
... read moreSuperannuation Strategies To Employ Before The EOFY
With the end of the financial year growing closer, now is the time to be thinking about the ways that you could be growing your superannuation.
... read moreWhat happens to your superannuation when you die?
Superannuation is not like other assets as it is held in trust by the trustee of the superannuation fund. When you die, it does not automatically form part of your estate but instead, is paid to your eligible beneficiaries by the fund trustee according to the rules of fund, superannuation law, and the death nomination you made.
... read moreDid 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 more