With all the great (and pleasant) noise being made about Superannuation efforts and their considerable link with post-retirement living, I thought it might help to chart a Super roadmap for people of all ages. I mean, a 30-year old won’t think about his Superannuation fund as a 50-year old or a 70-year old. For the 30-something guy, retirement is a distant possibility not looming anywhere close to the horizon yet. For the 50-something person, on the other hand, it has become part of the to-be-embraced fate and for the 70-something guy, well, he is there and living it.
Category: Feature Archives
Perils of DIY Superannuation Investment
Can’t say choosing your own portfolio is not a luring proposition, but can Super investors understand all the ramifications of such a position? I know, every now and then, we have this real urge to play the fund managers. Choosing our assets, diversifying as we deem fit, swapping properties for bonds and ETFs for global equities, but can all these not have dangerous consequences at times?
Preparing Your SMSF Clients for the SuperStream
By popular consensus, the changes made to the management of Superannuation contributions will have a positive impact on the SMSF industry and it is now for the SMSF professionals to update their trustees on the guidelines of the new electronic contribution regime, SuperStream.
Federal Court Fines SMSF Trustees $50,000
In the event of breaching the SIS Act pertaining to loan to members, SMSF trustees can face exorbitant fines going up to $220,000. One such fine of $50,000 was handed down by the Federal court to a couple who were corporate trustees of a fund.
Changes in the Superannuation System
In what is a rarity, apparently at least, heads of the really big Super lobby groups have arrived at a consensus. And it is that the complexity caused by the continuous changes in Superannuation rules is forcing people to rethink retirement. The Federal government should act fast if it wants to dispel this trend as a myth.
Australians Opt for Higher Voluntary Payments
Over the last 4 years or so, the number of Australians who have upped their Superannuation ante has grown leaps and bounds. Apart from their compulsory 9.5%, they are looking to put in as much voluntary contributions as they can. Imagine our countrymen pouring in $36.5 billion besides the compulsory 9.5% in 2013.
