Note: We regularly update this article with the latest data on self-managed superannuation funds (SMSFs) released by the Australian Taxation Office. This article contains the latest data available up to March 2013 (for data as at December 2012). Each quarter the ATO releases self-managed super … [Read more...]
Note: We regularly update this article with the latest data on self-managed superannuation funds (SMSFs) issued by the Australian Taxation Office. This article contains the latest data available as at March 2013 (for data as at December 2012). The latest ATO statistics on SMSFs (representing SMSF … [Read more...]
Note: The ATO publishes an annual report about SMSFs for each financial year. This article covers the ATO’s 2010-2011 statistical review of SMSFs (released in late December 2012). This report does contain data for the 2011-2012 year as well. The annual report for the 2011-2012 year will be … [Read more...]
Note: This article includes the remuneration data and related party transactions for major industry super funds (Cbus, HESTA, AustralianSuper and CareSuper). We update this article periodically when additional super funds disclose the salary packages of executives or trustee directors. If you have … [Read more...]
In September 2012, the Australian parliament decided that it was not the right time to allow same sex couples to marry. This outcome must be very disappointing for lesbian or gay couples seeking legal recognition of their committed relationship. Although your relationship may not be equal in the … [Read more...]
This article is written by Jon Kalkman, a regular SuperGuide reader, a self-funded retiree and SMSF trustee and a retired school principal. Jon’s comments are in response to the SuperGuide articles: ‘Why can’t $1 million last forever?’ and ‘Crunching the numbers: a $1 million … [Read more...]
If you run a self-managed super fund, you must ensure that your SMSF is audited annually by an approved auditor. As SMSF trustee, you also must ensure that you formally appoint your fund’s auditor each year. You must appoint an approved auditor at least 30 days before the due date of the SMSF … [Read more...]
Q: I have searched the ATO site to determine if we can have our SMSF pay life insurance for members. I am unable to find whether these things are arm’s length in regard to existing policies or not. There seems no writing to assist with a transition of these items into the fund and then the fund … [Read more...]
Note: This article contains the latest data available as at March 2011 (for data up to December 2010). We expect the ATO to release further data in May 2011. Australia’s DIY super fund sector has emerged as the most financially powerful sector in the superannuation industry. As at 31 … [Read more...]
At last! A new SMSF study sets an initial benchmark to measure the growth of self-managed super funds, to track SMSF trustee behaviour and SMSF investment performance, and the role of SMSF advisers. The inaugural SMSF study, which will be conducted on an annual basis, has a curious title: … [Read more...]
Q: Hello, I've just found your website and it looks as though it's just what I need. I wonder why I've not seen it before. I manage a SMSF for my wife Jenny and myself and, this year I am attempting to prepare our tax return myself using MySF. I set on this course primarily because accountancy has … [Read more...]
Q: I have searched the web and the ATO site to determine if we can have our SMSF pay health insurance premiums for members. Can we buy health insurance for fund members? The short answer is no. Health insurance cover is not considered to fit within the definition of the sole purpose test. If a … [Read more...]
For SMSF investors, one of the more significant Federal Budget announcements is a move intended to boost business lending competition. According to the announcement, the Australian Securities and Investments Commission (ASIC) will permit listed entities meeting specific criteria to issue bonds to … [Read more...]
If you read the business section of the newspapers recently, or keep track of the financial news on the television, you may have heard about the push by a few industry groups within the superannuation sector to tighten the entry requirements for self-managed super funds (SMSFs) because of the … [Read more...]
