2025 Key Changes and Tax Planning for SMSF
As the 2025 financial year unfolds, understanding the nuances of superannuation and Self-Managed Super Funds (SMSFs) is paramount for Australian businesses and high-income professionals. Proactive planning can help you maximise your retirement savings, ensure compliance, and avoid potential pitfalls. Read More…
📉 Market Volatility: Super’s Silver Lining
Has your super balance taken a hit due to recent market fluctuations? While this might seem like a setback, it could actually open the door to opportunities that weren’t previously available. In fact, now might be the perfect time to reassess your retirement strategy and make the most of your super. Read More…
Understanding Binding Death Benefit Nominations (BDBN)
Many people assume their superannuation will automatically go to their loved ones when they pass away. Unfortunately, that’s not always the case. Unlike other assets covered by a will, your superannuation is handled separately. To ensure it goes to the right people, you need a Binding Death Benefit Nomination (BDBN). Read More…
Concessional Super Contributions vs. Mortgage Paydown: Which Is the Smarter Move?
If you have extra cash, you might be wondering whether to make additional concessional contributions to your super fund or use the money to pay down your mortgage, whether it’s on your home or a holiday property. Both options have benefits, but the right choice depends on your financial situation and goals. Let’s explore both strategies. Read More…
Salary Sacrifice vs. Personal Deductible Contributions (PDCs)
Superannuation is a tax-effective way to save for retirement, offering investment growth and tax benefits Read More…
Downsizer Super Contributions: Dispelling Three Myths
Since its introduction in 2018, billions of dollars have been contributed through the downsizer superannuation scheme. This option is widely used, yet three common misconceptions prevent even more people from taking advantage of it. Read More…
Seven Key Superannuation Changes in 2025
Superannuation regulations are constantly evolving, and 2025 will introduce several updates that may influence your retirement savings. Whether you are beginning to build your super or preparing for retirement, staying informed about these changes can help you make well-informed financial decisions. Here’s what to expect: Read More…
Superannuation and Financial Hardship
Superannuation and Financial Hardship: A Safety Net in Difficult Times
Superannuation is generally regarded as a long-term savings plan for retirement. However, in times of financial hardship, it can also serve
as a vital source of support. While super is primarily designed to fund retirement, there are specific circumstances where early access is
permitted to help individuals facing financial difficulties. This article outlines these provisions and how superannuation may provide
relief in challenging situations.
Read More…
Will Centrelink Recognise Your Generosity?
Did you know that approximately 60% of Australians aged 67 and over receive the Age Pension? However, not everyone qualifies for the full
amount. This is because Centrelink assesses your wealth based on your income and assets, and if either exceeds certain limits, your pension
is reduced.
Read More…
Self-managed superannuation funds (SMSFs) and super wrap accounts are popular alternatives to retail and industry super funds for individuals seeking greater control over their investments and potentially lower fees. Read More…
Superannuation Guarantee Liability
The recent spate of cases before Australian courts and tribunals has highlighted questions around the Superannuation Guarantee Charge (SGC) payments: specifically, when a payer might be responsible for SGC contributions for services rendered. Read More…
Guidelines for Selling or Transferring SMSF Assets to Related Parties
Many SMSF trustees wonder if they can sell or transfer assets from their fund to a related party, such as themselves or a family member. While regulations restrict certain asset purchases from related parties, there is no rule preventing an SMSF from selling or transferring its assets, like property or shares, to a fund member or a related party under certain conditions. Read More…
Superannuation laws have become more flexible in recent years, making it easier for older Australians to add to their superannuation later in life. Here’s a summary of the key points about making super contributions. Read More…
All superannuation funds aim to provide retirement benefits, but there are key differences between Self-Managed Super Funds (SMSFs) and other super funds. It's important to compare it with other options before deciding. Read More…
SMSF record keeping requirements
A key responsibility that SMSF trustees must adhere to is to keep accurate tax and superannuation records. Read More…
Who is eligible to join an SMSF?
An SMSF (Self-Managed Super Fund) can be established by almost anyone, with a maximum of six members. Typically, SMSFs are set up by individuals or couples, but other arrangements, such as involving family members or business partners, are also common. Read More…
Since 1 July 2024, the age at which individuals can access their superannuation increased to age 60. So what does this mean for those planning on accessing their superannuation upon reaching this age? Read More…
Splitting superannuation contributions to your spouse can be a great way to boost your combined superannuation balances which can benefit you both in retirement. Read More…
A recent decision by the Full Federal Court around a man’s tragic death by suicide clarified the standing of a de facto spouse in the context of a non- lapsing death benefit nomination on a life insurance policy made by the deceased person. Read More…
