“Downsizer” super contributions let you contribute some of the proceeds from the sale of your home into superannuation – but there are several important eligibility requirements.
Personal Tax, Super and Financial Planning
Read more: Downsizer super contributions, you need to get it right
Can I access my super early? I need help with expenses. Thinking about tapping into your super early to help with mounting expenses? Mortgage repayments, medical treatments and hard-to-meet living costs are all potentially valid reasons for early access to super – but the eligibility rules are strict.
Personal Tax, Super and Financial Planning
Read more: Can I access my super early? I need help with expenses
SMSF investment strategy compliance, ATO to check on over 17,000 SMSFs that are heavily invested in one asset class will soon receive a “please explain” from the ATO to check whether they can justify their diversification risk.
Business Tax, Super and Financial Planning, Self-Managed Superannuation Funds
Read more: SMSF investment strategy compliance, ATO to check
Super and bankruptcy, can creditors access my benefits? Superannuation is an effective investment structure for asset protection, but a questionable contribution into super could jeopardise some of your benefits in the event of bankruptcy. How you access your benefits can also make a big difference.
Personal Tax, Super and Financial Planning
Read more: Super and bankruptcy, can creditors access my benefits?
SMSFs differ from other funds so understand the differences. Insurance and dispute resolution might not be high on your list of things to consider when starting up an SMSF, but these issues do affect SMSFs differently to public offer funds. What will you do if a dispute arises between SMSF members, and what does taking out insurance in an SMSF practically involve?
Business Tax, Super and Financial Planning, Self-Managed Superannuation Funds
Read more: SMSFs differ from other funds so understand the differences
Valuing your SMSF assets, know the market value requirements. Recording the market value of your SMSF’s assets is an important trustee responsibility. But how do you prove “market value”, how often must you value assets and when do you need to hire an expert valuer?
Business Tax, Super and Financial Planning, Self-Managed Superannuation Funds
Read more: Valuing SMSF assets, know the market value requirements
Lending to your SMSF? Thinking about a gearing strategy for your SMSF? It’s possible to borrow from a related party, but you must structure the loan terms correctly or else face significant tax penalties.
Personal Tax, Super and Financial Planning, Self-Managed Superannuation Funds
Read more: Lending to your SMSF? Make sure you get it right
Age Pension, will I qualify when I reach pension age? As we start to think about retirement, one of the first questions many of us ask is “Will I qualify for the Age Pension?” To help you understand your eligibility, we outline the basic thresholds that apply under the different means tests and what types of assets and income sources are included.
Personal Tax, Super and Financial Planning
Read more: Age pension, will I qualify when I reach pension age?
SMSF member and moving overseas? If you currently have an SMSF, you’ll need a strategy for managing your super to ensure your fund doesn’t breach any residency rules. Know your options and plan before you go.
Personal Tax, Super and Financial Planning, Self-Managed Superannuation Funds
Read more: SMSF member and moving overseas, three options for your SMSF
SMSFs vs other types of funds, some issues to consider. For many people, SMSFs are a great option for building retirement savings, but they may not be suitable for everyone.
Personal Tax, Super and Financial Planning, Self-Managed Superannuation Funds
Read more: SMSFs vs other types of funds, some issues to consider
Business real property can be moved into your SMSF. Transferring a commercial property into an SMSF can be a great way to build retirement savings and take advantage of the concessionally taxed SMSF environment. But when acquiring property from a related party, it’s vital the property meets the “business real property” test.
Business Tax, Super and Financial Planning, Self-Managed Superannuation Funds
Read more: Business real property can be moved into your SMSF
SMSF trustee, is a corporate trustee worth the extra expense? Setting up a new SMSF does involve some cost, and one of the decisions you’ll need to make is whether it’s worth paying to establish a new company to act as trustee.
Personal Tax, Super and Financial Planning, Self-Managed Superannuation Funds
Read more: SMSF trustee, is a corporate trustee worth the extra expense?
Binding nomination, make sure your super passes into the right hands. Your superannuation balance is probably one of your biggest assets, perhaps up there with the family home. It’s therefore vital to plan for how that money will be distributed on your death.
Read more: Binding nomination, make sure your super passes into the right hands
Inactive super account, changes are coming are you affected? This year’s Productivity Commission inquiry into superannuation highlighted concerns that many Australians’ super benefits are being eroded by fees and inappropriate insurance premiums.
Personal Tax, Super and Financial Planning
Read more: Inactive super account, changes are coming are you affected?
Retirement for super access purposes, what does it mean? Did you know that if you’re aged between 60 and 64, you can access your super if you change jobs without retiring permanently?
Personal Tax, Super and Financial Planning
Read more: Retirement for super access purposes, what does it mean?