Re-contributing COVID-19 Early Release Super Amounts is a complex process but a great way to grow your super funds. Many individuals have been impacted financially by the COVID-19 pandemic, leading to changes in money management. To provide relief during this crisis, the government opened access to superannuation funds under its Compassionate Grounds through the COVID-19
An updated super registration process will remove the ability to add the Self-Managed Super Funds (SMSFs) bank account details to online and paper applications for an ABN registration for SMSF to protect the savings of SMSF members. New SMSFs are now required to provide the Australian Taxation Office (ATO) with bank details after registration through:
You may have asked yourself these Crucial Questions When Setting Up a SMSF or any other types of investment, but have you thought about what to do once you successfully set up one? While you’ve been busy securing your home and family, there have been major developments in the world of finance that could victimise
Australian citizens aged 55 and over can now take advantage of downsizer contributions with the passage of the Treasury Laws Amendment (2022 Measures No. 2) Bill 2022. This means that from January 1st, 2023, eligible submissions will be accepted from those meeting criteria along with any other established eligibility qualifications. What is the downsizer super
A Self-Managed Superannuation Fund (SMSF) is a private fund that offers various benefits over a standard super fund. There are a number of reasons to establish a Self-Managed Superannuation Fund, and it is vital to thoroughly consider the advantages of establishing one. 1. More Investment Access and Control Establishing an SMSF allows you to invest
Using your super for an investment property can be a great strategy to increase your net worth over the long term. Therefore, it must be made with great care and planning. Moreover, there are currently only a few reasons that allow you to use super to purchase an investment property. Here are some major considerations
A self-managed superannuation fund (SMSF) is a trust created and managed following superannuation legislation. An SMSF trustee controls and makes decisions for the fund to ensure it complies with superannuation rules. When you build an SMSF, you will decide whether to have an individual or a corporate trustee. The trustee structure you choose has several
Is your superannuation just an unopened envelope in your top drawer? It may be time to take a more proactive approach to your super and ultimately, your retirement. Have you been thinking of setting up an SMSF but are unsure what are the important things to consider? While hard work and pursuing greater career goals
As you get older, you need to have enough money saved up for your retirement. You don’t want to worry about your expenses, you just want to enjoy your well-deserved retirement. While for others, it is important to be in a position to leave their loved ones with some money. Having a Self-Managed Superannuation Fund (SMSF) can