Revised as at 03 June 2022 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…
November 16, 2021
What is a Director Identification Number (director ID) and do I need one?
You may have heard about the new rules which require directors of Australian companies to obtain a Director Identification Number (director ID). The new requirement to obtain a director ID also applies to individuals who have an SMSF with a corporate trustee. All directors of your corporate trustee will need to apply for their own…
November 26, 2020
How much money do you need to start an SMSF?
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. And the…
November 25, 2020
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. To help those considering an SMSF for their retirement savings, this two-page flyer details a…
November 23, 2020
Cost of Operating SMSFs 2020: Infographic
November 2020 The cornerstone of the 2020 SMSF Week was 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, examines the…
November 17, 2020
New super contribution rules for older Australians
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. So, what…
July 14, 2020
Take control of your super – Time to set up an SMSF?
Setting up an SMSF can be complicated. Not getting it right can materially affect your financial situation and retirement plans. The first question you need to be sure about is whether an SMSF is the right fit. Seeking advice from an SMSF Specialist can help you determine this answer. Some considerations include: Do you have…
October 30, 2018
Setting up an SMSF – What do you need to consider?
Setting up a self managed super fund (SMSF) can be complicated. Not getting it right can materially affect your financial situation and retirement plans. But don’t stress, this paper will help you ask the big questions. The first question you need to be sure about is whether an SMSF is the right fit for you…
October 24, 2018
Ready to set up an SMSF?
You’ve weighed up all the pros and cons and decided to establish a self managed super fund (SMSF). The establishment of an SMSF requires a lot of decisions to be made by you as an SMSF trustee in conjunction with appropriate advice from your advisor. Use the below checklist to ensure every step has been…
March 19, 2018
The popular choice for new SMSFs: A corporate trustee
19 March 2018 Written by Robin Bowerman, Head of Market Strategy and Communications at Vanguard/Board Director of the SMSF Association A fundamental question for intending SMSF members is whether to have a corporate trustee or individual trustees for their new fund. More than 80 per cent of new SMSFs established in 2016-17 had a corporate…