SMSFs are now firmly embedded in Australia’s superannuation system, so what type of people are attracted to running their own funds?
Set out below are all SuperGuide articles that relate to SMSF Q and As.
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The amount of money you should have in super to make it worthwhile setting up your own self-managed super fund (SMSF) is a contentious issue.
Many people are in the dark about how much it costs to set up and run their own SMSF, or whether they are paying a fair price for SMSF advice and services. And it’s easy to see why.
Changes to LRBA rules may make it easier for SMSFs to borrow to buy property.
SMSFs must pass residency requirements at all time to be eligible for the tax concessions that are available under Australian superannuation legislation.
Self-managed super fund (SMSF) expenses can be tax deductible provided that they comply with Australian taxation legislation.
Dana Fleming, Assistant Commissioner of the SMSF Segment at the ATO, provides useful insights for SMSF trustees about current issues such as the early release of super process, providing rental concessions for tenants and the change to the minimum pension drawdown rates.
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 pandemic.
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?
In specie transfers (also known as off-market transfers) are transfers of assets in and out of super funds, rather than transfers of money. We take a look at the pros and cons of in specie transfers relating to SMSFs.
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.
While many SMSF trustees turn to their accountant for assistance, they can only provide advice on some SMSF-related matters. To help SMSF trustees navigate this tricky area we’ve compiled a checklist to help you work out if your accountant is the right person to ask for help.
Take the following 10 question quiz to test your knowledge on the fundamentals of self-managed super funds (SMSFs).
Which investments are most popular with SMSFs? A short and simplistic answer is that shares and cash and term deposits compete as the most popular investments across the board for SMSFs.
Australian super legislation allows you to establish and run a second SMSF, but it’s important to understand the potential for downsides as well as benefits.