What are the real advantages of a Self-managed Super Fund (SMSF)?

I see a lot of claims in advertising which talk about certain advantages for Self-Managed Super Funds (SMSFs). However, many of the advantages are also available for other forms of Superannuation.  So what are the real advantages?  I’ll…
Building house

Self-managed Super Funds and Related Builders

We recently published a piece about the restrictions on Self-Managed Super Funds (SMSFs) acquiring assets from related parties (see that blog piece here).   The short version is – with very few restrictions, you can’t do it. So –…
Hand holiding Australian money indicating bonus superannuation contributions from the government

Are you eligible for bonus Super from the government?

Have you: Been working part-time? Ceased work this year to start a family? Re-joined the workforce during the year? Been out of work for part of the year? Had other reasons for a limited income this year - below $37,000? Currently,…
hand working out calculations

Self-managed Super Funds and Related Party Acquisitions

Monies held in Self-managed Super Funds (SMSFs) form the largest sector in the superannuation area in Australia, with assets now totalling around $600 billion. In the five years to 2016, the number of SMSFs grew from 440,000 to 577,000. …
Superannuation changes July 1

How will the July 1 changes to Superannuation impact you?

A number of changes to the rules governing Superannuation will come into effect on 1 July this year. Let’s take a look at what’s about to happen. The cap on concessional (pre-tax) contributions to your Super will be limited to $25,000…
non-concessional-super-contribution-cap-scrapped

Proposed $500,000 Non-concessional Superannuation Cap Gone!

The 2016/17 budget proposed a new lifetime cap on non-concessional (after tax) Superannuation contributions of $500,000. In other words, people could only ever put $500,000 worth of post-tax funds into their Superannuation fund during the…
Superstream compliant deadline October 2016

Final SuperStream deadline 28 October 2016

The deadline was extended, but the time is now almost upon us: the final deadline for employers to be SuperStream compliant is 28 October 2016 (SMSFs should already have been compliant before now). As of this date, all employers should send…
London underground mind the gap sign BREXIT

How does the BREXIT market fall impact your Super and other investments?

By Ian Chester-Master, CFP®, FFPA The doom and gloom of the BREXIT market fall is heading all of the news cycles at the moment. But what does it really mean for your Superannuation balance and other investments? Inevitably, when…
Brisbane Business Accountant - October calendar new superstream deadline

Stop Press! The ATO extends the deadline for SuperStream

In a welcome fit of flexibility, the Australian Taxation Office has allowed an extension for small businesses to adopt SuperStream. They've extended the deadline from 30 June 2016 to 28 October 2016. According to the ATO, nearly half a million…
Brisbane Business Accountant - Senior couple on beach indicating Super savings

How much Super is enough?

By Ian Chester-Master How much Super you'll need to enjoy your retirement is one of the burning questions for a lot of people. Unfortunately, in many cases, people leave it too late, when there’s not enough time for them to build their…
Brisbane Business Accountant - Bonus Super

Bonus Super (Government Co-contribution)

Currently there are two (2) avenues for low income earners to get Bonus Super payments from the Government totalling up to $1000 per year. LOW INCOME SUPERANNUATION CONTRIBUTION (LISC)* The low income superannuation contribution is up…
Brisbane Business Accountant - lost money lost super

Lost Money?

Do you have lost money? Do you have multiple superannuation accounts, but not sure who they are with, or perhaps you worked for a short period of time but are unsure if you had a superannuation account with that employer? Do you vaguely…