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SMSF Quarterly Statistics – March 2023

2023-06-01T15:26:36+10:00General|

The SMSF Quarterly Statistical Report for the March 2023 quarter has been published by the Australian Taxation Office (ATO). Key Takeaways The March 2023 statistics have been comprised in a dense and comprehensive report which explores all areas of the SMSF industry and its growth. Here are some of the key takeaways we found interesting: [...]

The Government Wants To Put $500 In Your Superfund!

2022-06-03T14:16:20+10:00Contribution Strategies|

The Government is offering co-contributions to your super of up to $500 To reward Aussies for putting their own money towards their retirement savings, the Government is offering co-contributions to super of up to $500! If you meet the eligibility criteria for the co-contribution scheme, the Government will give you an extra 50% of what [...]

Superannuation Legislation Update – Changes to Downsizer Contribution Eligibility

2022-03-08T11:02:36+10:00Contribution Strategies, General|

At the beginning of February 2022, the Australian Government passed The Treasury Laws Amendment (Enhancing Superannuation Outcomes For Australians and Helping Australian Businesses Invest) Bill 2021. The aim of the Bill is to increase flexibility for individuals preparing for retirement, increase superannuation support for low income earners and provide assistance to first home buyers. Changes [...]

Superannuation Legislation Update – Update to First Home Super Saver Scheme (FHSSS)

2022-03-08T09:52:36+10:00Contribution Strategies, General|

At the beginning of February 2022, the Australian Government passed The Treasury Laws Amendment (Enhancing Superannuation Outcomes For Australians and Helping Australian Businesses Invest) Bill 2021. The aim of the Bill is to increase flexibility for individuals preparing for retirement, increase superannuation support for low income earners and provide assistance to first home buyers. Update [...]

Super Scammers Targeting SMSFs

2022-02-18T13:15:05+10:00General, Uncategorized|

The Australian Taxation Office is raising concerns on the increase in phone and email scams that involve fake superannuation investments targeting SMSF trustees. They have stated that they are seeing a rise in the number of scams involving fraudulent superannuation investments. Scammers are reportedly “-phoning and emailing people, pretending to be financial advisers or super [...]

Superannuation Legislation Update – Removal of the Work Test

2022-03-01T16:02:02+10:00Contribution Strategies|

In February of 2022, the Australian Government passed The Treasury Laws Amendment (Enhancing Superannuation Outcomes For Australians and Helping Australian Businesses Invest) Bill 2021. The passing of the Bill intends to increase flexibility for individuals preparing for retirement, increase superannuation support for low income earners and provide assistance to first home buyers. Removal of the [...]

Is A Self Managed Super Fund (SMSF) Right For You?

2021-01-21T11:49:57+10:00Advice, General|

With over 1.1 million Australians making the switch to manage their own Self Managed Super Fund (SMSF), it is no surprise that it is a more popular option than ever for those wanting more control over their retirement savings and investments. An SMSF places in your hands, the ability to fully control your retirement planning [...]

COVID-19 and SMSF Property Valuations

2020-09-14T15:32:32+10:00COVID-19|

Given the greater degree of uncertainty and subjectivity involved in determining market values in a COVID-19 environment and the additional risk of misstatement; all trustees will be required to have valuations done with supporting data on any property they hold in their SMSF with a valuation date of 30 June 2020 (unless a recent valuation [...]

COVID-19 – Accessing your superannuation early

2021-01-21T11:50:58+10:00COVID-19|

You may be aware that the Government recently announced measures which allow individuals affected by the economic impacts of COVID-19 to access a limited amount of their superannuation early. Making the decision to access your superannuation early is a significant one and if possible, should be encompassed by financial advice. The Australian Taxation Office have [...]