Managed funds, Adjusting to retirement, Investment scams, SMSF compliance
Welcome to the DECEMBER 2018 edition of the SuperGuide Premium newsletter. Highlights include:
- MANAGED FUNDS: Last month we looked at their little brother, ETFs. This month we list the 20 managed funds that are most invested in by SMSFs.
- ADJUSTING TO RETIREMENT: Michael Longhurst is a retired psychologist and leading authority in the area of adjustment to retirement. We present an extract from his latest book, which analysed the retirement experience of 200 Australians, and identifies eight specific factors that had helped those that had best adjusted to retirement.
- INVESTMENT SCAMS: Scamming has already robbed Australians of more than $1 billion in 2018. We look at the most common ones that target SMSFs and the wider investment community.
- SMSF COMPLIANCE: The ATO imposes a range of penalties for non-compliance, and ignorance is not an excuse. We look at the major responsibilities for all SMSF trustees.
- TRANSFERRING A UK PENSION TO AUSTRALIA: This is not as simple as it sounds, and rule changes have made it much harder in recent years. We examine which funds are allowed to do this and detail the process you need to follow.
FEATURES
SMSF investment: 20 most popular managed funds
Traditional managed funds may not have the ‘it’ factor of ETFs but they still pack a punch in many SMSF portfolios, providing significant diversification.
Super scams: What are they and how to avoid them?
Super scams are increasingly sophisticated and on the rise so it pays to learn how to detect and avoid them.
Accessing super: Reaching preservation age and retiring
Many of us dream of early retirement, but if you need to access your super to live the dream you need to tick a few boxes first, beginning with your age.
Adjusting to retirement: 8 factors that can help
This article presents findings from a research program that analysed the retirement experience of 200 Australians, and identifies eight specific factors that had helped those that had best adjusted to retirement.
How do I transfer a UK pension to an Australian super fund?
It can make sense to bring your UK pension funds home to Australia, but the process is far from straightforward. We explain how it’s done.
What age can I access my super (Preservation Age)?
There are a series of hurdles you need to clear before you can access your super. The first is your age.
Your tax guide to accessing your super under age 60
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.
Starting a pension from your super
When you retire there’s more than one way to withdraw income from your super; we explain your options.
SMSF COMPLIANCE
SMSF compliance: What are trustees’ responsibilities?
SMSFs provide members with a high degree of control and flexibility, but there are strict rules attached.
What are the penalties for SMSF non-compliance?
The ATO has increased scrutiny of SMSFs and common areas of non-compliance with superannuation law, and the penalties for getting it wrong can be substantial.
SMSFs: How to start a pension
Starting a pension from your SMSF involves some paperwork, but it’s not too onerous if you follow these guidelines. Â
How to wind up an SMSF
The decision to wind up an SMSF should not be taken lightly; there is process that must be followed and it can be time-consuming and costly.
ACCESSING SUPER AND MAKING CONTRIBUTIONS IN RETIREMENT
Accessing super: Reaching age 65
Once you turn 65 the last barriers to dipping into you super come down, even if you’re not ready to retire.
Accessing super: Reaching preservation age and retiring
Many of us dream of early retirement, but if you need to access your super to live the dream you need to tick a few boxes first, beginning with your age.
Accessing super: Ceasing employment after 60
One of the milestones in your super journey is reached when you turn 60 and can access your super tax free, under certain conditions.
What age can I access my super (Preservation Age)?
There are a series of hurdles you need to clear before you can access your super. The first is your age.
How to make super contributions after you’ve retired
Once you’re retired, making super contributions gets trickier. But it’s not impossible, so it’s worth learning which contributions remain available to you.
What are the current work test rules for super contributions?
The rules for making super contributions after age 67 have been relaxed substantially, but you must still meet a work test for one type of contribution.