SMSF

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,

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

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

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

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

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

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)