8 steps to super success
Merely thinking about your super means you’re straddling the first major hurdle that most Australians face when planning (or not) for their retirement and looking into your future. As an employee, you have your employer helping you with your retirement [...]
SMSF basics: Is there a minimum or maximum age for starting a DIY super fund? (2 questions)
Q: Let us say I contribute to super to a retail managed fund and then at 65 I want to receive an income and/or the fund says I am no longer eligible to remain in the fund and I have to take the money. Can I at that time set up a DIY super fund?
No early super access for business debts or tax bills
Q: I am a small business owner in the incubus stage. I have just submitted my taxes for the first time in 3 years as the struggle to keep a small business alive has left me working to live. I [...]
Accessing super early: Not for business debts
Q: I am in partnership in a franchise business that needs some financial input at this time. We have been struggling since the beginning of the recent financial crisis, and have fallen behind on rent and we are just managing to keep up with service providers.
SMSF basics: To DIY or not to DIY?
Q: Six months ago, my wife and I started a self-managed super fund. We pay a flat fee to have it administered on our behalf. All the assets in the fund at this stage are my rollovers.
SMSF basics: Wrap vs DIY super
Q: I am looking at setting up a DIY super fund whereby I take over from a wrap provider, saving about $5000 in fees. Is there a ready-made program I can buy now, or how would you plan for this? Any books or articles that would assist?
