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30 June 2011 Things To Remember
30 June – Things to remember Pension Payments Superannuation fund members who had an existing pension account as at 1 July 2010 or commenced a pension during the 2011 financial year are required to satisfy the minimum payment standards. Pension … Continue reading
The Benefits of an SMSF
SMSF’s can benefit investors and traders- There are a number of reasons why an increasing number of investors have been turning to self managed superannuation funds (SMSF) as the investment vehicle of choice within Australia over the past few years. … Continue reading
What a non-complying SMSF means for you the trustee
Recently the Australian Taxation Office has significantly increased its regulatory responsibility and many more funds are being audited with some SMSFs given a “Non Complying Status”. Major reasons for SMSF breaches resulting in Non Compliance – Late and non lodgement … Continue reading
Is a Self Managed Super Fund For You?
Self managed superannuation funds (SMSF) are the fastest growing sector of the superannuation industry. There are in excess of 350,000 SMSF’s in existence and up to 2,500 SMSF’s created each month. Why are they so popular? What are the pros … Continue reading
EOFY 2009 – SMSF Points To Consider
Governement Co-Contributions – If you have personal assessable income below the $60,342 threshold for the 2009 financial year you may be able to qualify for the government co-contribution scheme. You can receive the government co-contribution if you make personal (non-concessional) … Continue reading
2009 Budget and Self Managed Super
The Budget – As expected the superannuation industry has been targeted with this year’s federal budget with the federal government aiming to save around $4.2 billion over the following 4 years by making changes to salary sacrificing and co-contribution arrangements. … Continue reading
Superannuation- Points to consider and action prior to 30 June 2008
Governement Co-Contributions – If you have personal assessable income below the $58,980 threshold for the 2008 financial year you may be able to qualify for the government co-contribution scheme. You can receive the government co-contribution if you make personal (non-concessional) … Continue reading