In an article for the web blog The Australian, Robert Gottliebsen discusses the caustic attacks being made on the SMSFs from all directions and believes that hard-hit industry funds and politicians holding vested interests should stop playing the dirty politics of spreading unfounded rumours.
Author: Alan Preston Archives
The way SMSF has made rapid inroads into our financial space, it is no surprise that many of us have invested heavily in this concessionally taxed environment. This places even graver responsibility upon us to ensure that our SMSF kitty makes it to our estate the way we would want it to in the event of our demise.
There is no dearth of employees who have suffered due to faulty or late transfer of their superannuation contributions. With the number of such transactions being high, there is obviously a need for streamlined management. Australian Government has made an effort in this direction by launching its Super Reform package called SuperStream.
Retirement is not all but at least a good deal about how you manage your Superannuation. Even if the accumulation phase of a Super looks tardy, it is well compensated by the pension phase when the fund actually begins to deliver the goods.
We know that employers need to make a Superannuation Guarantee (SG) contribution on your behalf from your salary. If you are a starter to the SG world, it will interest you to know that you can make additional salary sacrifices, an arrangement where your employer puts in extra contribution of a pre-stipulated amount on your behalf.