Categories
Superannuation Fund
Superannuation Requirements For Temporary Residents
Most people are unaware that temporary residents working in Australia are eligible for super guarantee (SG). It is vital that all businesses who employ temporary residents are aware of the relevant super requirements.
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Every Three Year SMSF Audits – A Ludicrous About Face
SMSF Auditors now must: be registered with ASIC; be registered with the ATO; have enormous amounts of regular professional updates; and also be audited by their peak professional bodies, such as the Chartered Accountants ANZ and CPA Australia.
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Superannuation Guarantee Amnesty Proposal
A chance to catch up! If legislated, the Amnesty will provide a once-off opportunity for employers to disclose super guarantee (SG) shortfalls which occurred between 1 July 1992 and 31 March 2018 without penalty.
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Who Is The Boss Of Your Super?
It’s tempting not to think too much about your super when retirement is still a long way off. After all, it’s growing just fine by itself … right? But the reality is, if you don’t take control now, you might be left with less than what you need when it’s time to put it to use.
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When Can You Take Your Super?
The cash sitting in your superannuation fund can be tempting, particularly if you are short of cash. But, the reality is there are very few ways you can take advantage of your superannuation once it has been contributed to the fund – even if you change your mind.
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How To Help Ensure Your Superannuation Contributions Don't Exceed The Caps
Changes in the superannuation contribution caps, which kicked-in last year, give an added reason to keep a close eye on your contributions.
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Understanding how SMSF contributions work
Contributions can play an essential role in a self-managed superannuation fund (SMSF). Your SMSF contributions can be made in two ways – either by cash or an asset (known in the trade as ‘in specie’ contribution).
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What SMSF’s absolutely need to consider prior to 30 June 2017
30 June 2017: The wide-ranging superannuation reforms come into effect on 1 July 2017. With the changes come a series of issues that Trustees need to be across, even if they don’t immediately affect you or your fund:
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