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Stapled 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.

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 Stapled super funds for new employees
( Posted in: SMSF )

Superannuation 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.

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Superannuation Strategies To Employ Before The EOFY
( Posted in: SMSF )

What 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.

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What happens to your superannuation when you die?
( Posted in: SMSF )

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 )