Self-managed Super fund or SMSF is a form of Superannuation wherein the member is himself the trustee and the one who manages the fund on his own. This gives great control and flexibility over the investment. With SMSF, you can choose to diversify your fund’s asset in any way you deem fit.
Super News
Guide to Finding Lost Super
The Australian government believes there are at least 3.4 million lost Super accounts and the funds add up to a herculean $16.8 billion. What are the consequences of a lost Super and how can one deal with it?
Benefits of Setting Up a Self-Managed Super Fund
If you have roughly $200,000 in your superannuation kitty and you can tackle additional costs approximately $1,500 to $2,000 yearly, there is every reason why you should go for a self-managed super fund. Learn the benefits of setting up a SMSF.
Should You Have Life Insurance In Your Super?
Should you own your life insurance inside or outside your Super? It is such a crux question — one that gives sleepless nights to SMSF members. There is something beautiful to say about both the worlds. Of course, the first thing before you make your decision is to comprehend your ownership structure. What endorsements and exclusions do you want in your cover? What kind of marginal tax rates will apply? Who your beneficiaries are going to be? These are just some of the questions you need to answer to be able to help you make a firm decision.
Compliance Guidelines Change After 1 July
Law firms working in the SMSF industry have cited key compliance issues, failing which can levy strict penalties on SMSF members. 1 July and beyond are not going to be as easy days to wade through as have been the days before 30 June. Learn more about the compliance guidelines change that will be implemented after 1 July.
Baby Boomers Have No Enough Savings for Stress-free Retirement
Young people are not saving enough to retire free of stress. What’s worse is that they cannot figure this fact out. Retirees have a forlorn look when they talk to the Gen Y, simply because they know their voice is reaching the younger guys out there, but their thoughts are not.
