An article on the website SMSF Adviser argues that the income tax slab for employees above the age of 65 does not encourage them to work. On the contrary, it persuades them to leave employment and draw from their Super.
In a way it is awkward that you are not taxed for earning $100,000 if you are retired but have to pay a tax for the same if you are working. Taxpayers Australia feels that in regards to the senior population, it might be a good idea to offer a 15% deduction on taxes payable on salary. This may imply an effective 4% on the first bracket of tax and 17% on the secondary bracket.
You can read the original article here.
Though there has been no reduction in the interest rates in the first week of June, the historically low interest rates imply that the share market might provide your excess capital a safe landing. The 
An article on Financial Review focuses on how the creditors may target the bankrupt estates that have money parked in Superannuation. It is true that the money parked in Super is exempt from being treated as bankrupt estate but the amount such a SMSF holder will receive in pension income will largely depend upon an income test. There is ample chance that a big part of the balance may go to the creditors.
In an article for the website Financial Review, Bryan Ashenden discusses whether SMSF is the right vehicle for small-business owners. Ashenden commits along the line that small business owners having their own name on their business property should get their business registered in the name of their Super fund. It is notable that this is only permissible for commercial properties.
In an article for the website Financial Review, Sam Henderson talks about a few mistakes that SMSF trustees must sort out prior to June 30 if they do not want to fall within the radar of ATO’s scrutiny. It is noteworthy that while many SMSFs seek professional help for the management of their fund it is they who are responsible for any compliance breach.
Small business owners will not hesitate to mention how much they love maximizing their Super contributions. This goal is not difficult to attain but the approach has to be spot on. Let us discuss 6 smart methods to approach end-of-the-year 