by sjtmdwns | Oct 12, 2020 | Uncategorized
SMSF COVID-19 UPDATES Due to the economic fallout and market volatility created by the Coronavirus, the Australian Government and the ATO have each separately announced various measures designed to help retirees navigate this new financial landscape. Some law changes...
by sjtmdwns | Sep 25, 2020 | Uncategorized
Minimum pension payment planning The Government has halved the minimum pension payment obligation for the 2020 and 2021 income years. This lower pension payment obligation makes it more likely that individuals will draw down pension capital above the minimum (e.g., to...
by sjtmdwns | Sep 25, 2020 | Uncategorized
Super contribution changes 2020 In a win for retirees, recent Government law changes now make it easier for retirees to contribute super for both themselves and their spouse. Retirees able to contribute more under work test changes Traditionally, individuals aged 65...
by sjtmdwns | Sep 22, 2020 | Uncategorized
ATO Early Release Of Super In light of the financial hardship being experienced by many Australians during the Coronavirus pandemic, the Government has extended early access of superannuation until December 2020. However, the ATO has expressed concern regarding...
by sjtmdwns | Feb 20, 2018 | SMSF Trustee Trends
SMSF Trustee Trends – What Should You Look Out For? As of June 2017, SMSFs (Self Managed Super Funds) are responsible for the largest portion of super funds in Australia. As of March 2017, there were approximately 1.13 million SMSF trustees running well over...
by sjtmdwns | Feb 19, 2018 | SMSF Tax
Superannuation Withdrawal Tax – What You Need To Know Nobody enjoys it much, but paying tax is a necessary thing. And it is the same with your superannuation. When you withdraw your superannuation you will more than likely need to pay tax on the payments you...
by sjtmdwns | Feb 1, 2018 | SMSF Re-contribution strategies
Super Re-contribution Strategies As of June 2017, SMSFs (Self Managed Super Funds) are responsible for the largest portion of super funds in Australia. As of March 2017, there were approximately 1.13 million SMSF trustees running well over half a million (596,516)...
by sjtmdwns | Feb 1, 2018 | Lost Super
How to find lost super One of the most common things we hear is that someone has lost their super – in other words, they have superannuation accounts that they no longer remember or have the details of and no longer contribute to. This is a common occurrence in...
by sjtmdwns | Jan 31, 2018 | SMSF Pension
Allocated Pension versus Account Based Pension Allocated Pensions is a partially outdated term that refers to an income stream provided by accumulated superannuation funds upon retirement. This type of pension was prevalent within an industry super fund, retail super...
by sjtmdwns | Jan 31, 2018 | SMSF Education, SMSF Tax
When does an SMSF need/require an actuarial certificate? There is often confusion around when an actuarial certificate is or isn’t needed for your SMSF. This article tries to clear up some of that confusion. First we will start by covering an important question...
