SMSF

As the demographic of Self-Managed Superannuation Fund (SMSF) members ages, managing these funds effectively becomes increasingly crucial. With over 50% of SMSF members now over the age of 60, the need for strategic planning and risk management in SMSF administration is more pressing than ever. This article delves into the essential strategies for managing an …

Managing an Ageing SMSF Client Base: Essential Strategies for Success Read More »

In Australia, more and more individuals are opting to take control of their superannuation through Self-Managed Superannuation Funds (SMSFs). With nearly a third of all superannuation funds now held in SMSFs, this option is particularly appealing to those who want to be actively involved in their retirement planning. Let’s explore some of the key benefits …

Why a Self-Managed Super Fund Might Be the Right Choice for You Read More »

Understanding the Practical Application of SMSF Expense Regulations The Australian Parliament has recently passed significant reforms to the non-arm’s length expense rules for self-managed super funds (SMSFs), effective from the 2018-19 income year onwards. These changes are crucial for SMSF trustees and their advisors, as they introduce new compliance requirements and potential pitfalls. Key Changes …

NALI/NALE: Navigating the New NALI/NALE Rules for SMSFs Read More »

Residency Rules for SMSF Trustees Living Overseas If you’re an SMSF trustee planning to live overseas for an extended period, maintaining your super fund’s status as an “Australian superannuation fund” is crucial to keep the associated tax benefits. The Tax Office requires you to pass three specific tests to meet this requirement. Test 1: Establishment …

SMSF Compliance: What Happens When Trustees Move Overseas Read More »

In 2023-24, two of Australia’s largest retail superannuation funds outperformed the sector, delivering returns exceeding 11%, fueled by a surge in technology stocks. This success came as their industry fund counterparts struggled to counteract declining unlisted asset prices. Colonial First State and AMP saw their financial year returns surge to 12.1% and 11.1% respectively in …

Retail Super Funds Outshine Industry Rivals with Tech-Driven Gains Read More »

Transitioning from the accumulation phase of superannuation to the retirement phase can seem daunting, but understanding the process can help you effectively manage and enjoy your retirement savings. Here’s a comprehensive guide to spending your superannuation in retirement. Opening a Retirement Phase Account When you retire and are ready to start using your retirement savings, …

How Do You Actually Spend Your Super? Here’s All You Need to Know Read More »

So you’ve decided to join more than one million Aussies with a self-managed super fund (SMSF). Congratulations! Having your own SMSF can be a personally and financially rewarding experience, provided you’re sure DIY is right for you and your fund is set up correctly from the get-go. Attention to detail now will avoid penalties and …

SMSF Setup Guide: 9 Steps You Need to Follow Read More »

For the majority of us, we’re perfectly happy having our super paid to our chosen fund, which will invest it as directed and, generally, get us a good return by the time we retire. But there is a growing cohort, worth some $900 billion, of Australians who instead opt to have full control over their …

Could a Self-Managed Super Fund Be Right for You? Read More »

SMSF trustees can invest in overseas property, but they must adhere to compliance rules both domestically and internationally, according to a legal expert. Daniel Butler, director of DBA Lawyers, notes that while overseas property may seem like an appealing investment, SMSF trustees must navigate several compliance pitfalls. “SMSF trustees can purchase property outright using SMSF …

Full Compliance with Rules Required for SMSF Trustees Investing in Overseas Property Read More »