SMSFs (Self-managed super funds)

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

Non-concessional contributions: Re-contribution strategy still applies

Q: My wife turns 60 this financial year and it has always been my intention to cash out her portion of our small self-managed super fund (SMSF) and re-contribute it straight back in, so as to ensure that when she and I pass away, our children are not hit by tax. Is that still a valid strategy and if … [Read more...]

SMSF investment alert: Stricter rules for artwork and other collectibles

If you hold artwork, antiques, coins, or other collectibles within your self-managed super fund, then you need to be aware of new rules regarding storage and insurance that originally came into effect from July 2011, and will reach their full effect from July 2016.The impending date of July 2016 … [Read more...]

Less Age Pension, and paid to fewer Australians

The change to the Age Pension rules is a bad example of ‘back to the future’ it seems, with a harsher Age Pension asset test taking effect from January 2017. The federal government expects 300,000 retired Australians will lose some, or all, Age Pension entitlements overnight.Before September … [Read more...]

Help! How can we find independent financial advice?

Q: My husband and I are looking to start a SMSF. We have been able to find sources for the set up, accounting and audit of the fund and are now looking for assistance on the investment portfolio. We have a share portfolio outside super and so we have some knowledge in the area but do not feel … [Read more...]

SMSF expertise: How do I find a SMSF provider?

Q: I would like to know who is the best SMSF specialist in my state, who I can get to do my SMSF audit and tax return, and give me the best advice on what to do in relation to running my SMSF.Unfortunately I am unable to assist you with specific recommendations, but we can provide you with some … [Read more...]

SMSF administration: Are there problems dealing with online trust deed providers?

Q: Thanks for the super site – it has been very useful for me as a trustee of my family SMSF. I have also bought your book, DIY Super for Dummies, which has been very informative and explained many issue in plain English. My question relates to updating the trust deed. I have looked at several … [Read more...]

SMSF audit: you must appoint an approved SMSF auditor

If you run a self-managed super fund, you must ensure that your SMSF is audited annually by an approved SMSF auditor, registered with the Australian Securities & Investments Commission (ASIC).As SMSF trustee, you also must ensure that you formally appoint your fund’s auditor each year. You … [Read more...]

SMSFs: Is DIY super right for you?

Running your own super fund is not necessarily a difficult task but you need to keep your wits about you. You may hear a lot a noise about DIY super, and sometimes from people who know nothing about super. Your best defence against bad advice is to start with your own research.The term, DIY … [Read more...]

SMSF basics: Trish’s 10 commandments of DIY super

If you’re running a self-managed super fund (SMSF), then you’re obviously aware that being a SMSF trustee/member is a very different experience to belonging to a large super fund. In a large super fund, someone else looks after your superannuation benefits. As a SMSF trustee, you make all of the … [Read more...]

Super rules and tax: Defending decent SMSF trustees

Based on the bagging that self-managed super fund trustees have received in the media recently from certain sectors of the superannuation industry, and from other vested interest groups, you may be thinking that taking control of your retirement savings via a self-managed super fund (SMSF) is akin … [Read more...]