Working out how much your SMSF should cost to manage is never an easy thing to do. Given the nature of SMSFs and the varying differences between trustees, finding easily accessible and relevant comparisons is difficult. The SMSF Association however has received information from the two largest online SMSF software companies which may help answer…
April 4, 2018
In what ways can a person contribute to their super fund?
Besides your employer contributions, you can also contribute extra to your super However, there are limits to how much you can contribute and these are referred to as Contribution Caps. There are different limits to the caps which depend on the type of contributions made into your super fund, these are explained in-depth below. Concessional…
May 2, 2017
What can my SMSF invest in?
The legislation does not expressly state what types of investments an SMSF can invest in, although there are some regulatory limitations. Two of the main rules are the ‘sole purpose test’ and investments being ‘arm’s length’. The sole purpose test holds that all investments must be maintained for the sole purpose of providing retirement benefits to members…
Trustee Obligations Series Key obligations of an SMSF trustee
November 2016 https://vimeo.com/191395087
Who is an eligible member of an SMSF?
October 2016 There are conditions that must be met before someone is consider an eligible member of an SMSF. These conditions are explained in the video below. https://vimeo.com/175469644
What should members understand about the sole purpose test?
October 2016 SMSF Association Head of Policy, Jordan George, summarises what members of an SMSF must understand about the sole purpose test. https://vimeo.com/175464669 For further information on the Sole Purpose Test, visit the ATO’s website here.
What are the main reasons for using an SMSF?
October 2016 The below video discusses the three key benefits of having a self managed super fund: control, flexibility and choice. https://vimeo.com/175469493
Is an SMSF right for me?
August 2016 The SMSF market continues to grow strongly, with key drivers being control over investments and a wish to lower costs. However, establishing an SMSF is a big step to take. A key consideration is weighing up the advantages and disadvantages of an SMSF. In this session, we will explore a range of questions…
Are there trustee/member traits that are not suitable to be part of an SMSF?
July 2016 SMSF Association Head of Policy Jordan George discusses trustee/member traits that are not deemed suitable to be part of an SMSF. https://vimeo.com/175460554
November 4, 2015
What is an SMSF?
Self-managed superannuation funds (SMSFs) have become a popular choice for Australians who wish to take on the responsibility and control of managing their retirement savings. SMSFs perform the same role as other superannuation funds, by investing contributions and making them available to members on retirement. The difference is, generally, that the members of SMSFs are…