Superannuation Fund

How to take advantage of the 1 July super cap increase

Discover essential strategies to benefit from the increased superannuation contribution caps starting 1 July 2024. Boost your retirement savings now!

... read more

How to take advantage of the 1 July super cap increase
( Posted in: Tax )

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.

... read more

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.

... read more

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.

... read more

The 1 July 2021 superannuation changes
( Posted in: SMSF )

ATO Finds $850 Million In Superannuation Guarantee Audit

Small Business is hard enough without the temptation of having a weak government system chase a key employee obligation.

 
... read more

ATO Finds $850 Million In Superannuation Guarantee Audit
( Posted in: Community )

Superannuation 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 more

Superannuation Requirements For Temporary Residents
( Posted in: SMSF )

Every 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 more

Every Three Year SMSF Audits – A Ludicrous About Face
( Posted in: SMSF )

When 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

When Can You Take Your Super?
( Posted in: SMSF )