Working with the ATO might be the best course of action if your SMSF receives a breach notice.
It’s a rare person who enjoys paperwork. But for trustees of a self-managed super fund, it’s a necessary evil. Find out what penalties apply if your fund isn’t set up and managed to comply with superannuation and taxation legislation.
Instead of rolling up to your local Centrelink, ATO or Medicare office to ask a question or get some help, we now deal with the government via our myGov account. Here we provide a simple guide to the myGov portal.
As part of ongoing improvements by the ATO, members of most super funds can access additional online information about their super accounts. Find out what information is available and how you can use it to better manage your super savings.
For many years SuperGuide has regularly received angry emails from readers about their employers not paying their super entitlements and the ATO being unable to help recover the money.
Many SMSF investors are in the dark about what are typical SMSF fees, and whether they are paying a fair price for SMSF advice and services.
Your employer must pay their SG contributions at least four times a year in line with the quarterly due dates. The simplest way to check whether your employer has paid your SG contributions into your super account is to contact your super fund.
The SMSF supervisory levy is an annual payment that all SMSFs must pay to the Australian Taxation Office (ATO).
Learn how you can easily find your lost super and transfer it to another account. Also see how much lost or unclaimed super is in your postcode.