SMSF

Total and Permanent Disability (TPD) insurance payouts can provide vital financial support for SMSF members experiencing a life-changing event. However, understanding the tax implications of these payouts is crucial, as they can vary significantly based on the member’s age and circumstances. Tax Treatment of TPD Payouts Key Considerations for SMSF Trustees Practical Steps for SMSF […]

As we approach 2025, high-income professionals such as surgeons, medical specialists, and corporate executives need to prioritize strategic decision-making within their Self-Managed Super Funds (SMSFs). With regulatory changes, evolving market conditions, and emerging compliance obligations, staying ahead is essential to protect and grow wealth. Here are some of the key SMSF considerations tailored for high-income

Self-managed super fund (SMSF) trustees, particularly high-income earners such as medical specialists, legal professionals, and business executives, must prioritize their investment strategy documentation to ensure compliance and avoid scrutiny by the Australian Taxation Office (ATO). Properly maintaining and reviewing this documentation throughout the year is not just a regulatory requirement but a critical step in

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

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

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

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

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

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,