How I manage my SMSF with Sharesight

September 2020 Content provided by Sharesight Written by Andrew Bird, Chairman, Sharesight Managing your own super fund can seem like a daunting task, but using the right tools takes away the guesswork and allows you to focus on cultivating the best investment strategy to achieve your financial goals in retirement. At Sharesight, we get a…

Super Reference Guide

Updated July 2020 Gain an overview of the 2020/21 financial year contribution caps, eligibility, glossary of key terms and more with our handy Super Reference Guide.  It is a quick reference to help you and your self managed super fund step through the year with confidence. Click here to download the Super Reference Guide.  …

Your 2020 end of financial year (EOFY) considerations

June 2020 The COVID-19 pandemic has affected everyone’s lives, and SMSF trustees are no exception. While the worst of the pandemic is (hopefully) behind us, you may still have difficult questions to ponder as you focus on how best to position your SMSF in 2020-21, as well as meet your fund’s annual regulatory obligations for…

Your Yearly SMSF Planner

Revised as at 10 June 2020 Managing your own super has many benefits, but it’s important to have a plan. There are certain aspects you must consider to ensure you are meeting all of your yearly requirements.  Step through the year with confidence with your SMSF Yearly Planner, detailing what you need to address each…

3 common SMSF mistakes and how to avoid them

August 2019 Managing an SMSF can be difficult. However, with the right skillset, effective organisation and specialist advice, SMSFs can be a great vehicle to fund your retirement. Each year the Australian Tax Office (ATO) releases the most common mistakes that SMSF trustees make when administrating their SMSF. Unfortunately, these mistakes continually revolve around an…

Your new financial year SMSF health check

July 2019 With a new financial year beginning, it is a perfect time to review your SMSF and give it a clean bill of health for the upcoming 12 months. The following list provides a series of considerations that you and your SMSF Specialist Adviser should review. 1. Take stock of your SMSF investment return…

Your insurance cover may be changing

June 2019 In February this year, the Government passed legislation which prevents trustees of APRA-regulated funds from providing insurance to members with inactive superannuation accounts, unless a member has specifically directed otherwise. It is a common practice for many individuals with an SMSF to also have a secondary APRA-regulated fund which provides them with insurance.…

Are you ready for the end of the financial year?

May 2019 With the end of financial year fast approaching and certainty with Government and its super policies it is the time to ensure everything is in place for your SMSF before 30 June 2019. Below are some strategies that you may need to consider and ensure the plans you have in place are the…

How to prepare your SMSF for audit

September 2018 Prepared by Naomi Kewley SSA™ SSAud™, Managing Director, Peak Super Audits This info sheet accompanies Naomi’s webinar, ‘How to prepare your SMSF for audit’ Watch the webinar here Audit preparation 101: Tips for SMSF audit preparation this year; Key changes for pensions & contributions; Special investments – what will the auditor need? “Quality…

Have you considered what you will do if an unexpected event occurs?

August 2018 Your SMSF is a long-term plan. Much can happen during this time including illness, incapacity or death of a member. It is best practice to have contingency plans in place to deal with unexpected events. For example, if a fund member dies, leaving you as the sole member are you happy to continue…