It’s tempting for SMSF investors to switch from passive investments to actively managed strategies when markets are volatile and falling. But it’s more important than ever to work out the right trade-off between performance and fees to help preserve precious capital.
What to do if you get a notification from the ATO regarding a breach by your SMSF
Working with the ATO might be the best course of action if your SMSF receives a breach notice.
Top 5 mistakes SMSF trustees make with their annual returns
Keep on top of these potential mishaps with your annual return and you should be able to avoid the ire of the regulator.
Minimum pension drawdown rates halved for 2019/20 and 2020/21
On 22 March 2020 the Federal Government announced that the minimum pension drawdown rates would be halved for the 2019/2020 and 2020/2021 financial years.
Can my SMSF loan money to me or my business?
There are a number of ways of legally accessing super early via an SMSF. These strategies are useful in times of economic disruption such as the current disruption relating to the Coronavirus (COVID-19) pandemic.
Commuting an SMSF allocated pension
Younger retirees might like to consider moving their funds back into accumulation phase for the time being.
Starting an SMSF pension checklist
The following checklist will help you get on top of everything that needs to be when starting an SMSF pension.
SMSFs: How to start a pension
One of the benefits of having a self-managed superannuation fund (SMSF) is its ability to pay members an income stream, or account-based pension. Of course any superannuation fund can do this, but paying a pension from an SMSF offers members more control and flexibility.
Guide to transition to retirement pensions (TTRs or TRISs)
Transition to retirement income streams (or pensions) allow you to gradually draw on your super benefits while you’re still working and moving towards your retirement.
How does SAPTO work? (Senior Australians and Pensioners Tax Offset)
The Senior Australians and Pensioners Tax Offset (SAPTO) won’t shower you in riches. But depending on your age, relationship status and income, it could provide a handy tax offset of up to $2,230.
How do SMSF retirees invest?
There’s plenty of information out there on how to create an investment strategy in retirement. But have you ever wondered how retirees actually invest?
What are the different types of super funds?
Whatever your circumstances, it’s important to canvass all your options before you make your final selection. It’s also worth remembering that your choice of fund is not a life sentence. If you are unhappy with your fund for whatever reason, you are free to switch funds provided you have choice.
What laws do SMSFs need to adhere to?
SMSF trustees have a lot of laws they need to be aware of if they don’t want to cop a thousand-dollar fine. Here, we go over the main Acts that mention superannuation and SMSFs.
How does your super affect the Age Pension?
Your superannuation can potentially affect how much, if any, Age Pension you receive in several ways. As well as the amount you have in super, your partner’s age can have an impact as can what you do with any super payments you access.
Asset valuation guidelines for SMSFs
Accurate asset valuation is integral to ensuring SMSF compliance with super legislation. SMSF assets must be valued at their current market value. SMSF trustees can take responsibility for valuing many types of assets if they wish, or they can use the services of independent professional valuers.