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.
Category: Feature Archives
What You Need to Know about Salary Sacrificing
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.
Insurance within Super Must Comply with SIS Regulations
For some time, there has been a raging debate about whether insurance should be kept within Super or outside it. Those sticking to the ‘inside’ opinion vouch about the tax merits and also establish quite a valid point that if held inside Super, you cannot accidentally forget making the premium payments. Here are a few key points why insurance within Super must comply with SIS regulations.
Retirement Planning at an Early Age
Most of us are convinced about the movement of time. However, we fool ourselves into thinking that others will age, while we won’t. How otherwise can lack of retirement planning be explained? We choose not to pay too much emphasis to it till the time age really knocks on us, and perhaps it’s too late by then. What if we could start planning for those ‘beyond-60’ days when we are in our 20’s? Could be nothing but great! Here are ways on how you can make retirement planning at an early age.
Updating SMSF Details with the ABR
It is only natural that we change our address (business and postal) and account information from time to time. If you are managing an SMSF and the registered information pertaining to the fund has changed, you need to register the change in the SMSF details with the Australian Business Register (ABR). In ideal circumstances, this must be done within 28 days of effecting the change. Here are other things to consider when updating SMSF details with the ABR.
How to Improve the Performance of Your SMSF
The egg is on the faces of SMSF critics. Anything new gets its fair share of criticism, but some prove they thoroughly deserve a day in the sun. SMSFs are just such an example. I am not saying that SMSFs do not underperform, but somewhere it can be put down to the lack of effort or know-how of the trustees. Good that there is no shortage of techniques to boost the performance of your SMSFs. Here is discussing a few:
