SMSFs (Self-managed super funds)

The SMSFs section is for Australians running self-managed super funds (SMSFs), covering the current issues facing SMSF trustees, setting up a SMSF, how to run a SMSF, investing your DIY superannuation money, getting SMSF advice, and special SMSF rules such as investing in property.

This section also includes a special section called SMSF basics.


Below are some of our key SMSF articles:

Set out below are all SuperGuide articles explaining SMSFs (Self-managed super funds).

Another great return! Super funds gain 12.8% for 2014 financial year

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The median superannuation growth fund gained 12.8% in value for the 12 months to June 2014, according to rating company Chant West. In terms of long-term performance this means the median growth super fund has delivered five consecutive years of positive investment returns. Performance tables are … [Read more...]

Asset classes: Naming the investment winners for the 2014 financial year

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Australian and international shares delivered the biggest returns for the 2014 financial year (1 July 2013 to 30 June 2014), according to Warren Chant of rating company, Chant West. In the table appearing later in the article, Chant West lists the investment performance of 13 asset classes, and … [Read more...]

Temporary concessional contributions cap expanded to 50-somethings from July 2014

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In July 2013, the federal government introduced a temporary concessional contributions cap of $35,000 for over-60s which has been expanded to 50-somethings from July 2014. Anyone in this age group may consider revisiting their superannuation contributions strategies in light of the higher … [Read more...]

Higher concessional contributions cap applies to over-50s from July 2014

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Q: Do you need to be aged 50 at July 1, 2014, or could you turn 50 any time in 2014/2015 to take advantage of the $35,000 concessional cap? A: For the benefit of other readers, I will first explain the background to the over-50s cap. On 5 April 2013, the federal government announced that it will … [Read more...]

Superannuation Guarantee: 10 facts about your SG entitlements

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If you work as an employee, and you satisfy certain minimum requirements, your employer must pay Superannuation Guarantee (SG) contributions on your behalf, to a super fund. Here is a list of 10 of the most important SG facts that you need to know: Your employer must make super contributions, … [Read more...]

Concessional contributions caps: 10 facts you should know

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We receive many questions about the concessional contributions caps. Throughout 2014, SuperGuide, as always, will regularly update readers on any proposed changes to the contributions caps (and other super changes), and the implications of such changes on super strategies. The list of 10 Q&As … [Read more...]

New penalties for SMSF trustees from July 2014

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From July 2014, SMSF trustees can be subject to a suite of penalties, if they fail to properly adhere to the super rules. The explanatory memorandum that accompanies the new legislation, states that the new SMSF penalties, taking effect from 1 July 2014 will enable the ATO to “give directions and … [Read more...]

Age Pension Bonus: Hurry! Last chance to register

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Hurry, hurry! Deadline approaching! If you’re still working and you were aged 65 or over (or 63.5 or over if you’re a female) before 20 September 2009, then you need to read this article, and the Q and As following this article. If you fall into this age group and you expect to receive the Age … [Read more...]

Upper limit on SG contributions (for 2014/2015 and previous years)

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Note: This article explains the maximum superannuation contribution base for the 2014/2015 year, 2013/2014 year and previous years. The maximum superannuation contribution base is used to determine the maximum Superannuation Guarantee (SG) contribution that an employer is required to make under … [Read more...]

SMSF trustee declaration: a quick guide

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When setting up your SMSF, you must sign a SMSF trustee declaration that confirms you understand the responsibilities and duties involved in running a SMSF. In late 2012, the ATO made 3 significant changes to the SMSF trustee declaration, reflecting significant changes in the super laws affecting … [Read more...]