How much money do you need to start an SMSF?

November 2020 SMSFs are not for everyone, but for those individuals where an SMSF is entirely appropriate for them, the benefits can be considerable. In the context of ongoing public debate regarding the appropriate minimum size for an SMSF, new research has been provided to provide insights into the true costs of running an SMSF.…

Is an SMSF the right answer for you?

November 2020 We believe that every Australian has the right to a good quality of life in retirement. An SMSF offers control, flexibility, and choice but ultimately, they aren’t the best option for everyone: it comes down to individual circumstances. Our vision with this year’s SMSF Week is to provide tools and resources to answer…

Cost of Operating SMSFs 2020: Infographic

November 2020 The cornerstone of this year’s SMSF Week is the release of a key piece of research, conducted by Rice Warner, to update its previous findings for the Australian Securities and Investments Commission in 2013 ‘Costs of Operating SMSFs’. Assessing the cost-effectiveness of SMSFs compared to APRA regulated super funds, the research, proudly supported…

New super contribution rules for older Australians

November 2020 Superannuation rules are never stable, and the start of the 2020/21 financial year is no different. For older Australians, recent changes to the contribution rules may present new opportunities to contribute to superannuation. The changes are focussed on individuals aged between 65 and 74 and are designed to provide more flexibility in retirement.…

A common misconception and tips for SMSF trustees

November 2020 Whether you are thinking of setting up a self managed super fund (SMSF) and want to familiarise yourself with what is involved or you’re a long-term trustee that wants to ensure they are adhering to the various rules and regulations of SMSFs, running your own fund is a big responsibility. Ensure you are…

News

SMSF trustee guide to navigating way through pandemic

November 2020 Opinion piece written by John Maroney, CEO, SMSF Association Published in The Financial Review on 6 November 2020.    With COVID-19 having moved the goal posts even more dramatically than the GFC, failure to keep up with the changes will be costly. The COVID-19 pandemic has affected everyone’s lives and SMSF trustees are…

News

How a six-member SMSF could benefit you

October 2020 Opinion piece written by John Maroney, CEO, SMSF Association Published in The Financial Review on 15 October 2020.   Small businesses and families with pooled assets could find extra flexibility as well as lower fees by taking advantage of the relaxation of the size limit. The federal government has introduced legislation to Parliament…

What’s next for SMSFs, post the Federal Budget?

October 2020 The 2020-21 Federal Budget is all about jobs, jobs and jobs. COVID-19 has resulted in the most severe global economic crisis since the Great Depression.This Budget provides an additional $98 billion of response and recovery support under the COVID-19 Response Package and the JobMaker Plan. With the budget focussed on supporting small business…

News

The SMSF Association’s 2020-2021 Federal Budget Summary

06 October 2020 The Economic Recovery Plan for Australia is all about jobs The 2020-21 Federal Budget is all about jobs, jobs and jobs. COVID-19 has resulted in the most severe global economic crisis since the Great Depression. This Budget provides an additional $98 billion of response and recovery support under the COVID-19 Response Package and…