SMSFs (Self-managed super funds)

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

No tax in retirement because you SAPTO (updated rates)

This article is updated annually with new rates, or updated periodically to highlight changes (if any) to the Seniors & Pensioners Tax Offset (SAPTO) rules. This article includes SAPTO rates for the 2015/2016, 2014/2015, 2013/2014, and 2012/2013 years, and SATO rates for the 2011/2012, … [Read more...]

No income tax cuts for 2015/2016 year

Way back in 2011, the former ALP government announced income tax cuts that took effect from July 2012. At the same time, they also announced further income tax cuts that were planned from 1 July 2015 (for the 2015/2016 year onwards).During 2013 however, the former ALP federal government … [Read more...]

Are you eligible for a Commonwealth Seniors Health Card?

IMPORTANT: Effective since 20 September 2015, the government again indexed the income test thresholds for the CSHC (see this article for latest thresholds). The next indexation of the CSHC income thresholds takes place on 20 September 2016. Note that since 1 January 2015, new applicants for CSHC … [Read more...]

More retirees eligible for Seniors Health Card (CSHC), but harsher income test

Effective since 20 September 2015, the income test thresholds for the Commonwealth Seniors Health Card (CSHC) have increased again, in line with the federal government’s promise to index the thresholds annually.CSHC income thresholds are now indexed annually in line with CPI (inflation). The … [Read more...]

Can you provide a list of financial adviser associations?

Q: I want to use a licensed adviser that is a member of a financial adviser association? Can you tell me what associations exist?We provide the list below with the proviso that more financial adviser associations may exist. We have sourced this information from a broader list of professional … [Read more...]

MySuper: Now at a super fund near you

If you believe the federal government’s public relations campaign, MySuper can deliver you the equivalent of nirvana in superannuation – low fees, strong investment performance, financial security and a worry-free retirement.Pardon? You haven’t seen the government’s MySuper publicity campaign? I … [Read more...]

Seeking advice? Financial Advisers Register is a starting point

The task of selecting a financial adviser is often the step that stops Australians from seeking advice. How do you know a financial adviser is licensed and has the proper qualifications? The task has become slightly easier now that the financial regulator has compiled a list of all licensed … [Read more...]

Tax-deductible super contributions: Claim no more than your income

Q: If I make a personal concessional payment of $30,000 (tax-deductible) and a personal $180,000 non-concessional (non-tax deductible) payment into my SMSF and my personal taxable income for 2015/2016 is $20,000, are there possible tax penalties because I’m claiming $10,000 more than my taxable … [Read more...]