December 2020 newsletter

Super funds continued their positive run in February, but war in the Middle East and rising oil prices have played havoc with global markets in recent weeks.

While returns are important, they are not the only ingredient in a top super fund, as these annual awards show.

It’s a debate that never entirely goes away, but there’s a growing body of research that indicates you may not need as much to start your own super fund as previously thought.

Take up of 6-member funds is small but growing due to the unique opportunities they can offer.

Retirees who own their home but would like to top up their income for whatever reason are increasingly tapping into their home equity with a reverse mortgage.

No need to be bored or overwhelmed now that you have finished work. Make the most of your retirement with expert tips from Dr Jon Glass.

Working out termination and super payments for a departing employee can be confusing, but be careful not to provide them with financial advice.

A salary sacrifice arrangement with your employee needs to meet certain rules if you want to avoid problems with the ATO later on.

Tax deductions are a valuable sweetener for employers when making super contributions for their staff, but which payments can you claim?

As if employers don’t have enough to do, they also need to notify the ATO of any reportable employer super contributions they make for their employees.

When you make SG contributions, some of your employees won’t have a super fund, so it will be up to you choose a default super fund for them.

Most employees now have the right to choose their own super fund, but employers still aren’t off the hook when it comes to offering choice of super fund.

When selecting a default super fund for your employees it’s essential it offers a MySuper product. Otherwise, you could find yourself in trouble with the ATO.

Take this 10-question quiz to test your knowledge on the superannuation responsibilities for employers.