Pandemic has long-lasting impact on older Australians, Intergenerational report forecasts doubling in older Australians, Hostplus to grow through more mergers, LUCRF Super teams up with AustralianSuper, Super funds make bid for Sydney airport, Six member SMSFS good to go, Dixon Advisory to pay $8.2 million in penalties.
While cash and shares are still the go-to investments for SMSFs, the range of assets they hold are diverse, even in retirement.
Recent increases to contribution caps also impact your total super balance. Here’s how it works.
Many SMSFs start off with just one or two members but, as members’ children mature and become adults, some SMSF trustees seek to add dependents to their fund.
Legislation is soon expected to pass that will enable larger SMSFs. Are you thinking about adding members? Let us know in our poll.
Pension payment relief extended for another year, Super bills pass, Retirement costs rise, March super stats show super increase, Running out of money in retirement major concern for retirees, Magellan launches fund with reserving strategy.
Recent changes to superannuation contribution caps and the transfer balance cap make now a very good time to review your trust deed.
Careful management of capital gains and losses can make a big difference to your retirement savings.
UniSuper set to open fund, AustralianSuper and Club Plus Super in merger talks, COVID-19 early access scheme primarily used to pay bills, Your Future Your Super changes, Government to regulate proxy advisers, New aged care help service, FSC focus on affordable and accessible advice
As you approach retirement, you need to consider what you want to do with your super – lump sum, income stream or a bit of both.
The bar has been raised on the amount you can transfer into a pension account, but don’t get tripped up by the details.
As the October deadline looms, SMSFs need to ensure they are ready and able to take rollovers via SuperStream.
Your Future, Your Super legislation attracts industry criticism; Top postcodes revealed for lost and unclaimed super; ASFA argues accessing super would make housing affordability worse, not better; new research dismisses the idea that retirees die with most of their super untouched; Huge gender gap in super concessions; ASIC’s mea culpa on SMSF costs; AMP appoints its first female chief.
One of the attractions of running your own SMSF is the wide range of investments open to you and the control you have over them, but that doesn’t mean it’s open slather. There are rules you need to follow.
Breaking the rules regarding In-house assets can be costly, so it pays SMSF trustees to understand what they are and how to avoid costly penalties.