‘’Failed” funds named, How super is taxed, SMSF succession planning, Recontribution strategy explained, Age Pension increase
Highlights of the September 2021 edition of the SuperGuide newsletter include:
- THE DIRTY (BAKER’S DOZEN): Be alert but not alarmed is the message for members of one of APRA’s 13 “failed” funds.
- SUPER AND TAXES: Super is the most tax-effective vehicle for retirement savings, but there is still tax to pay along the way.
- WHO WILL CONTROL YOUR SMSF? Succession planning is vital to ensure your super ends up in the right hands.
- INDEPENDENT FINANCIAL ADVICE: A financial adviser now needs to tell you if they are not independent. We detail why it’s important, what makes an adviser truly independent, and how to find one.
- RECONTRIBUTION CASE STUDY: How withdrawing super and putting it back in again can save tax and aid estate planning.
- AGE PENSION INCREASE: With rates about to rise, we explain how the Age Pension works and how to get your fair share.
SUPER NEWS
Underperforming funds now need to tell APRA why, Re-contributions of Covid-19 early release super withdrawals allowed, Separating couples can request partner’s super information, SMSFs numbers increase in June quarter, Retirees… Read more.
Underperforming funds now need to tell APRA why, Re-contributions of Covid-19 early release super withdrawals allowed, Separating couples can request partner’s super information, SMSFs numbers increase in June quarter, Retirees… Read more.
SUPER FUNDS
They say a picture is worth a thousand words, so we’ve created a visual representation of super’s value in the long run. Read more.
They say a picture is worth a thousand words, so we’ve created a visual representation of super’s value in the long run. Read more.
New legislation will ‘staple’ members to their first super fund until they retire unless they choose otherwise. There are benefits but also some pitfalls to be aware of. Read more.
New legislation will ‘staple’ members to their first super fund until they retire unless they choose otherwise. There are benefits but also some pitfalls to be aware of. Read more.
If your fund is involved in a merger, don’t panic. You could end up better off, but you do need to make sure your new fund is still a good… Read more.
If your fund is involved in a merger, don’t panic. You could end up better off, but you do need to make sure your new fund is still a good… Read more.
After a nail-biting start to the year, super funds are on track for another cracking return of about 9% for the 2025 financial year, after the median Growth fund was up… Read more.
After a nail-biting start to the year, super funds are on track for another cracking return of about 9% for the 2025 financial year, after the median Growth fund was up… Read more.
SUPER AND TAX
Super is a very tax-effective vehicle for your retirement savings, but no-one said the taxation of super was simple. Here’s a quick overview of what you pay and when. Read more.
Super is a very tax-effective vehicle for your retirement savings, but no-one said the taxation of super was simple. Here’s a quick overview of what you pay and when. Read more.
Once you turn 60 and start withdrawing your super, the tax advantages of the super system come into play. Read more.
Once you turn 60 and start withdrawing your super, the tax advantages of the super system come into play. Read more.
If you’re eligible and thinking about tapping into your super before you turn 60, it’s worth checking the tax implications first. In some cases, you may be better holding off for a while. Read more.
If you’re eligible and thinking about tapping into your super before you turn 60, it’s worth checking the tax implications first. In some cases, you may be better holding off for a while. Read more.
SMSFs
When planning who gets what when you die, many people forget about their SMSF. It’s not just about the distribution of fund assets, but who’s in control. Read more.
When planning who gets what when you die, many people forget about their SMSF. It’s not just about the distribution of fund assets, but who’s in control. Read more.
With the cost of living front of mind, you could potentially save a lot of money by doing more of your SMSF tasks yourself, but you need to know what… Read more.
With the cost of living front of mind, you could potentially save a lot of money by doing more of your SMSF tasks yourself, but you need to know what… Read more.
Exchange-traded funds have exploded in popularity in recent years as an efficient, cost-effective way to build a portfolio, with new funds launched almost monthly. Read more.
Exchange-traded funds have exploded in popularity in recent years as an efficient, cost-effective way to build a portfolio, with new funds launched almost monthly. Read more.
Don’t know your NALE from your NALI? Failure to attend to both can lead to some gnarly tax outcomes. Read more.
Don’t know your NALE from your NALI? Failure to attend to both can lead to some gnarly tax outcomes. Read more.
Now that SMSFs can have up to six members, it makes it easier to bring the whole family into the super fold, but it’s important to look before you leap. Read more.
Now that SMSFs can have up to six members, it makes it easier to bring the whole family into the super fold, but it’s important to look before you leap. Read more.
RETIREMENT PLANNING
Most people would expect the financial advice they receive is independent and free of conflicts of interest, but that is not always the case. Here’s what to look for. Read more.
Most people would expect the financial advice they receive is independent and free of conflicts of interest, but that is not always the case. Here’s what to look for. Read more.
Before you select a financial adviser, it’s important to understand what you want to achieve and how to prepare for your first meeting. Read more.
Before you select a financial adviser, it’s important to understand what you want to achieve and how to prepare for your first meeting. Read more.
Learn how to reduce or even eliminate the tax your adult children or other non-dependents pay when they receive your super death benefits. Read more.
Learn how to reduce or even eliminate the tax your adult children or other non-dependents pay when they receive your super death benefits. Read more.
AGE PENSION
Age Pension rates increased on 20 September 2022. This article also explains how the Age Pension works, and includes the latest Age Pension rates for residents, non-residents, and the transitional… Read more
Age Pension rates increased on 20 September 2022. This article also explains how the Age Pension works, and includes the latest Age Pension rates for residents, non-residents, and the transitional… Read more
Age Pensioners may be surprised how much they can work and earn additional income without impacting their pension. Read more.
Age Pensioners may be surprised how much they can work and earn additional income without impacting their pension. Read more.
A common question for those nearing or in retirement is “How much can a pensioner earn before it affects the pension?”. Read more
A common question for those nearing or in retirement is “How much can a pensioner earn before it affects the pension?”. Read more
This article details the rules and limits of the Age Pension assets test (how much your savings and other assets are worth), which is one half of the means test … Read more.
This article details the rules and limits of the Age Pension assets test (how much your savings and other assets are worth), which is one half of the means test … Read more.
Our Age Pension calculator gives you an estimate of your potential Age Pension entitlements based on your situation, assets and income. Read more.
Our Age Pension calculator gives you an estimate of your potential Age Pension entitlements based on your situation, assets and income. Read more.
Take our 10-question quiz to test your knowledge on the Age Pension rules. Read more.
Take our 10-question quiz to test your knowledge on the Age Pension rules. Read more.