Superannuation is one of the most tax-effective ways to save for retirement in Australia, and making contributions to your super fund can significantly improve your financial future. There are two types of contributions you can make: concessional and non-concessional. Both…
Self-managed super funds (SMSFs) give individuals greater control over their retirement savings and offer flexibility in investment decisions. One popular strategy within SMSFs is using Limited Recourse Borrowing Arrangements (LRBAs) to invest in assets such as property. While LRBAs can…
A self-managed superannuation fund (SMSF) is a private superannuation fund that allows you to control your retirement savings. Unlike retail or industry super funds, SMSF members are also the trustees, meaning you can make decisions about how your fund is…
Going through a separation or divorce can be one of life's most challenging and emotional experiences. It affects the couple and their children, work, family, and friends. The process can be disruptive, often involving moving homes, changing schools, and grieving…
Most employed people in Australia can select their choice of superannuation fund. This comes from the Australian Taxation Office’s superannuation standard choice form, which you will need to complete when starting a new position. Whether you choose to stay with an…
Superannuation is an essential component of the Australian retirement system. However, it is not uncommon for people to lose track of their superannuation accounts over the years, especially if they have changed jobs frequently. In fact, there was over $16…
In 2019, “franking credits” were the hot topic leading up to the federal election. Franking credits were introduced under the Keating government in 1987 to eliminate double-taxation on company profits. Shareholders who were paying income tax were refunded money from…
Why Choosing A Super Fund Based On Fees Alone Is A Mistake We have all seen the ads on TV – Compare the pair - same income, same age, different superannuation balance and the reason is fees! It is a…
Towards the end of the year, people start to get philosophical about the last 12 months and start to wonder what the new year will bring. A lot of people make New Year resolutions that will improve their lives in…
Can I access my super early? The purpose of having superannuation is to accumulate it over time as a long-term investment, in order to set you up for retirement. This being said, there are only a handful of special circumstances…