Transfer balance cap to rise 1 July 2021, Super associations urge government to make super fair for all, Nearly one million young Australians left with little or no super, ATO has its eye on auditor details in SMSF annual returns, SMSF Association calls for less complexity in super, High Court says Westpac subsidiaries gave unauthorised personal advice, Optimum Pensions to launch new market-linked lifetime annuity, Maritime Super to outsource investment to Hostplus.
The importance of asset allocation
The most important investment decision you make may not be about what you invest in, but how you spread your money across different investments.
Understanding the difference between your total superannuation balance and your transfer balance cap
Don’t know your TSB from your TBC? Read this simple explainer.
A step-by-step guide to valuing tricky assets
SMSFs are required to value their assets at market value every financial year, this is easy enough for listed assets, such as equities, but it’s not so straightforward for unlisted assets like commercial property or collectibles.
5 new year’s resolutions for your SMSF
An SMSF is no different to a fitness, diet or a savings plan, in that a few days dedicated to making sure it is in order for the year ahead will reap benefits over the next 12 months. So what are some of the things that you should be resolving to do for your SMSF in 2021?
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Your SMSF calendar
SMSF trustees have a lot to remember. Along with trustee meetings and minutes, trustees need to keep up to date with current superannuation legislation and review their investments regularly. There are annual returns to lodge, auditor reports to arrange and actuarial reports to book as well if your SMSF is paying a certain kind of pension.
What does it cost to run an SMSF?
A new report concludes that managing your own superannuation fund could cost less than you think.
What you need to know about six member SMSFs
Legislation is soon expected to pass that will enable larger SMSFs. Are you thinking about adding members? Let us know in our poll.
Government more optimistic on economic growth
The Federal Government’s updated economic outlook released last night includes a much more upbeat forecast for economic growth in 2021 than its earlier economic and fiscal update released in July.
Federal Budget: Government announces new super comparison tool and performance test
The Government has committed $159.6 million over four years to implement superannuation reforms that it says will save members $17.9 billion over the next decade.
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How to add a new member to your SMSF
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.
What are the SMSF borrowing rules?
Changes to LRBA rules may make it easier for SMSFs to borrow to buy property.
How to create an SMSF investment strategy (including example documents)
The ATO has updated its advice around what it wants to see in an investment strategy. Here’s what you need to know, along with what you need to do following a market correction.
TBAR: Transfer balance account reporting for SMSFs
Transfer balance account reports notify the ATO of any changes to SMSF trustees’ transfer balance accounts.
Time in the market not timing the market
When markets fall by as much, and as quickly, as they have recently, it’s easy to conclude that it’s time to move all your assets into a safer haven.