What SMSF trustees need to know about the new ATO penalties

Up until recently, the Australian Tax Office (ATO) had very few arrows in its quiver to ensure SMSF trustees complied with the law. Where contravention of the law occurred, the ATO could do little ...

Starting a SMSF: The most common questions

Individuals often ask me the same questions when looking into starting their own self-managed superannuation fund (SMSF). Below is my list of the most common questions for SMSF beginners, and answe...

[Video] Should you use an individual or corporate trustee in your SMSF?

This is an updated version of a post we originally published 22 August 2014. The trustee of an SMSF is the entity/entities that are in charge of the day-to-day maintenance and management of the fun...

What happens to my superannuation when I die?

I often receive enquiries about death benefits and superannuation so I thought I’d address it in an article for everyone to refer to. Just a forewarning though – the death benefit rules can be q...

Superannuation and the 2015 Budget: Why no news is good news

The second Budget for the Abbott government was handed down on Tuesday night. Many have acknowledged it to be a ‘self-preserving’ budget for this government, which was much more subdued compared t...

The potential risks of starting an SMSF

While exploring the option of managing your own retirement savings, you will encounter many questions that require answering. I have prepared below a few topics that should help guide you on your j...

SMSFs and the importance of Australian residency

To be a complying super fund and receive the concessional tax rates available in superannuation, an SMSF needs to be classified as a resident-regulated fund at all times during the year. This mean...

When is the right time to start an SMSF?

There's an array of factors that could impact your decision around when to start an SMSF. While there are some legal barriers to opening an SMSF (such as being over the age of 18), other considerat...

Turning 65 soon? See what this means for contributing to your SMSF

Turning 65 years old is an important milestone when it comes to superannuation. When you turn 65, certain regulations around withdrawing from your superannuation fund (including SMSFs) and your op...

[WEBINAR] What you need to know about starting your own SMSF (45:21)

There’s a reason why over one million Australians choose to manage their own superannuation fund. They save money on fees and tax, have more control over their financial future and can invest in ...

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