If financial advisers are keen on advising over matters related to SMSF, they must undergo specific training, feels the SMSF AMP division. It is a consensus that the quality of advice has enhanced over the last ten years or so but this said, there is a need for highly focused training as one attempts to unravel and find profits from an ever-on-move SMSF market.
Super News
Call for Higher Rate of Super for Women
An article on news.com.au discusses the need for handing out a higher Super rate to women than men. The Association of Superannuation Funds of Australia believes that employers should be in a position to offer higher rates of Super to women and entirely so without breaching the anti-discrimination laws.
ASIC Issues Further Guidance to SMSF Trustees
A media release on the website of Australian Securities and Investment Commission (ASIC) talks about the premier body’s further guidance to SMSF trustees so that they can better prepare and hand over retirement estimates to their fund members.
One out of Five SMSF Trustees Lacks Retirement Plan
An unsettling survey result states that one out of every five SMSF trustees does not have a retirement plan in place. A majority of SMSF holders suggest that they are certainly chewing on the idea and working out something, but they do not have an elaborate plan laid out.
How Much Money Should You Have on Your Retirement Fund?
Healthcare and emergency facilities have definitely improved over the years, allowing higher life expectancy for individuals. Being able to enjoy the bounties of this planet longer is a nice proposition, but it comes with one special headache — you must have more money in your retirement fund if you wish to negotiate the ‘extra’ years well.
How Superannuation Fund Works
Superannuation was introduced as a retirement vehicle which allowed you to see yourself through (decently) your post-retirement life. Over the years, it has also ramified into an asset diversification strategy, but deep down it needs to pass the Sole Purpose Test which says that its only goal is to aid the retirement prospects.
