Category: Super

Individual Or Corporate Trustee? Single Or Multiple Member Fund? What Works For Your SMSF?

The way in which a self-managed super fund is structured could change its legal compliance requirements. If you are in the process of setting up an SMSF, you will need to make…

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Retirement Planning Scheme Could Have Severe Consequences For Those Involved

With a significant number of Australians approaching retirement and looking at the best ways to maximise their retirement assets and income from their super for it, retirement planning makes sense.  Unfortunately, there…

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Interested In Setting Up An SMSF? 3 Things To Keep In Mind Before You Commit

One of the benefits of establishing or opting for an SMSF is due to the control they are given over where the money is invested. While this sounds enticing, the downside is…

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Avoid ATO Penalties For Superannuation By Following These Simple Strategies

Paying super is compulsory for all employers, regardless of whether their staff are employed part-time, full-time or contracted. It’s important to remember that paying super for your workers isn’t a ‘tax’ or…

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Superannuation, Pensioners & The Federal Budget – Announcements From 2022-23, And What’s Still Being Delivered

The Federal Budget was released last Tuesday, announcing key changes to taxation and business. For superannuation, the minimum pension drawdown amount was in the spotlight. The reduction in the minimum pension drawdown…

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Accessing Super After Retirement Can Complicate Things If You Need To Come Back To Work.

Regardless of the careful planning you dedicate to your retirement, individuals who leave the workforce to retire and access their super may decide they want or need to return to work. Understanding…

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You Don’t Have To Take Money Out Of Your Superannuation Except In This Instance…

Most people will want to keep as much money in their superannuation account for as long as possible. One of the primary reasons behind this is that the longer the superannuation has…

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Compensation, Disability & Life Payments – This Super Contribution Could Make A Difference

Disasters, be they natural or man-made, can happen to anyone. It could be a car accident, a tree crashing through the roof, or a bushfire hitting your residence. In any case, an…

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The Departing Australia Superannuation Payment – Eligibility & Conditions You Need To Meet

If you’re working while visiting Australia as an international traveller or are a university student from overseas and earning superannuation, it’s important to remember that you are actually allowed and able to…

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4 Mistakes That SMSF Trustees Make (And 4 Ways To Avoid Them)

Involvement in an SMSF can put certain responsibilities in their trustees hands, and those who overlook important details or find themselves reported to the ATO for failing to fulfil those responsibilities may…

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