Top advantages of a self-managed superannuation fund

01
March

What is a SMSF retirement fund? A SMSF retirement fund is a way for people working in Australia to save up for their outstanding retirement. The usual practice is for employees to turn this type of fund into a savings plan by type they contribute with a percentage of their salary along with their employers contribution.

Self managed superannuation funds, required by law In Australia

n the year 1992, it became mandatory by law that every Australian job should have a retirement scheme in place where the employer contributes …

Don’t Get Caught Out By SMSF Residency Rules

01
September

The rise of a global workforce means more people based overseas for work leading to complexity for those who work abroad but maintain an SMSF. Broadly, there is a residency test for Self-managed superannuation fund known under the law as the Australian superannuation fund test. When this test isn’t met, the fund will lose its complying superannuation fund status and expose itself to very adverse tax consequences.

The test has three hurdles for a fund to be a pension fund.

Barrier 1 — SMSFs established 

Either the Self-managed …

Should Your Children Be in Your SMSF?

29
January

Your self-managed superannuation fund (SMSF) is a method used to save for retirement. SMSF is different than other super funds because you run these funds as the investor. Many questions arise during the planning and investing of this fund. One main question that people ask is if their children should be included in your SMSF.

Self-managed Superannuation Fund

Before including or not including your children in your self-managed superannuation funds, you must first understand how the process works. It is important to know that when owning an SMSF, you …

SMSF pensions: How do I start one?

18
June

How would you change your Self-managed superannuation fund from collection stage to benefits stage (spouse matured 60, and resigned) and move to retirement annuity stage (myself developed 57 and as yet meeting expectations low maintenance)? On the off chance that a bookkeeper needs to do it, what expenses could be included? Your site has been an extraordinary help in comprehension things we did not have even inkling, many thanks.

We are exceptionally satisfied that you are discovering the site so supportive. For the advantage of different peruses, I’ll first …

How Competent Is Your SMSF Trustee?

08
March

A self managed super fund has become a popular option to consider investing in but you must think carefully. Most people don’t realize that they need to have a trustee for their accounts and you must think about how competent your trustee is. Now, it might not seem all that important but actually it is. So, how competent is your SMSF trustee?

No Competency Tests

Unfortunately, in life there aren’t any real competency tests and that does also include choosing a SMSF trustee. You can choose anyone to …