SMSF

Retail Super Funds Outshine Industry Rivals with Tech-Driven Gains

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 …

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

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, …

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

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 …

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Navigating the Landscape of Self-Managed Superannuation Funds (SMSFs) in Australia: A Comprehensive Overview

Australia’s mandatory superannuation system ensures most individuals accumulate substantial retirement savings by midlife. While many Australians build their retirement wealth within industry or retail superannuation funds, others opt for a self-managed superannuation fund (SMSF). With 610,287 funds and $878 billion in assets, SMSFs offer control and flexibility over investments, attracting those seeking to boost retirement …

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Unlocking the Full Potential: A Comprehensive Guide to Transitioning Your SMSF into Pension Phase

The journey toward a secure and fulfilling retirement involves strategic financial planning, and for many Australians, managing a Self-Managed Superannuation Fund (SMSF) is an integral part of that process. Transitioning an SMSF into the pension phase is a critical step, requiring a deep understanding of the intricacies involved. In this comprehensive guide, we will delve …

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Navigating the Landscape: SMSF Fees Continue to Lead the Way in Affordability

As Australians focus on maximizing their superannuation returns, recent research from Rainmaker brings encouraging news: self-managed superannuation funds (SMSFs) maintain their status as the most cost-effective segment in the super sector. The study, part of Rainmaker Information’s Superannuation Benchmarking Report, explores the evolving dynamics of superannuation fees and their impact on consumers. Understanding the Numbers: …

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Proposed Super Tax Could Impact 50,000 SMSF Members: A Closer Look

In a recent study conducted by the International Centre for Financial Services (ICFS) at the University of Adelaide and commissioned by the SMSFA (Self-Managed Super Fund Association), concerning revelations have emerged regarding the Australian government’s proposed $3 million super tax. This tax, if implemented, could have significant implications for the country’s Self-Managed Super Fund (SMSF) …

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Is Setting Up a Self-Managed Super Fund (SMSF) Easy?

Managing retirement savings is a critical aspect of financial planning, and many Australians rely on superannuation funds to secure their retirement. However, there is an alternative approach known as a Self-Managed Super Fund (SMSF). In this article, we will explore the ease and relevance of setting up an SMSF in today’s financial landscape. Understanding SMSFs …

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