17 December 2024 A round-up of some superannuation changes September – December 2024 and key developments that may be relevant to you, as trustee of your SMSF. It is important that you know what changes are coming, so you can effectively understand how they may affect you and the members of your SMSF. The contents…
Written by James Power, SMSF Specialist Advisor (SSA®) Did you know there are many SMSFs with existing loans written several years ago? Take a dive into this Case Study to explore SMSF trustee Casey’s current loan situation. Casey is a trustee of the Casey Super Fund. The Fund entered into a limited recourse borrowing arrangement…
Written by Mary Simmons, Head of Technical, SMSF Association When establishing a Self-Managed Super Fund (SMSF), one of the first decisions trustees must make is to choose between an individual trustee or a corporate trustee structure. While both options are legally acceptable, there are many reasons why many opt for a corporate trustee. Over the…
26 September 2024 A round-up of some superannuation changes May – September 2024and key developments that may be relevant to you, as trustee of your SMSF. It is important that you know what changes are coming, so you can effectively understand how they may affect you and the members of your SMSF. The contents of…
Written by Mary Simmons, Head of Technical, SMSF Association Scams Awareness Week is the perfect time to highlight the Australian Taxation Office’s (ATO) ongoing efforts to crack down on promoters of illegal early release (IER) schemes. As an SMSF trustee, it’s essential to understand both the ATO’s role in taking action against these promoters and…
This article has been reproduced with permission from ASX Limited ABN 98 008 624 691 and its related bodies corporate (“ASX”). The article was first published on ASX’s website on 7 June 2024. Written by Mary Simmons, Head of Technical, SMSF Association The New Financial Year is a good time to review Self-Managed Superannuation…
Updated as of 21 May 2024 Gain an overview of the 2024/25 financial year contribution caps, benefit payments, eligibility and more with our helpful Super Reference Guide. The 2024/25 Super Reference Guide is a useful and quick reference to help you and your self managed super fund step through the year with confidence. Download your…
A Budget focused on easing costs of living pressures with ‘no surprises’ for the SMSF sector. Written by Fabian Bussoletti, Technical Manager, SMSF Association As expected, the 2024-25 Federal Budget has a strong emphasis on easing cost of living pressures. To that end, in addition to the previously legislated personal income tax cuts, the Government…
4 April 2024 A round-up of some superannuation changes January – March 2024and key developments that may be relevant to you, as trustee of your SMSF. It is important that you know what changes are coming, so you can effectively understand how they may affect you and the members of your SMSF. The contents of this…
Written by Fabian Bussoletti, Technical Manager, SMSF Association Each year, several key superannuation rates and thresholds are indexed in line with movements to Average Weekly Ordinary Time Earnings (AWOTE) or the Consumer Price Index (CPI). Following the recent release of these key statistics by the Australian Bureau of Statistics (ABS), the ATO has officially released…
Enjoy the control and flexibilty that comes with managing your own super.