Written by Fabian Bussoletti, Technical Manager, SMSF Association According to the latest data from the Australian Bureau of Statistics (ABS) released yesterday, the Consumer Price Index (CPI) rose 0.2 per cent in the December 2024 quarter and 2.4 per cent annually. While this may have broader implications for the economy, from a superannuation strategy perspective,…
January 29, 2025
New Super Tax: A Sucker Punch to Economic Growth
Written by Peter Burgess, CEO, SMSF Association No one begrudges Treasury’s advice that Australia should have a fair and equitable superannuation system. However, continual claims that the proposed new tax on large superannuation balances will only affect a tiny minority and is in the national interest are shortsighted and fail to consider the ripple effect…
December 17, 2024
Your Super Update – Edition 6
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…
December 9, 2024
SMSF Case Study: Loan Strategies from a Mortgage Broker’s Perspective
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…
October 1, 2024
SMSF Trustee Structures — Individual versus Corporate Trustee
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…
September 26, 2024
Your Super Update – Edition 5
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…
August 29, 2024
Scams Awareness Week: ATO’s Fight against illegal early release schemes and your trustee responsibilities
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…
August 6, 2024
Four key considerations for SMSF trustees
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…
May 30, 2024
Your Handy 2024/25 Super Reference Guide
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…
May 14, 2024
2024-25 Federal Budget Summary
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…