Divorce in Australia encompasses more than just the emotional severance of two individuals. It involves untangling shared financial resources and deciding on fair entitlements. Determining a wife's rights during an Australian divorce is not straightforward, as there's no set blueprint to consult. Typically, family courts handle such disputes, making judgements based on ...
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The Super Guarantee Charge Statement, frequently referred to as the SG Charge or SGC, is an essential document for every employer involved in the realm of superannuation. It denotes the employer's commitment to their quarterly super contributions, which directly affect the employees' super funds. Understanding the SGC is not just tax deductible, ...
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Why Many Falter in Retirement Planning The process of retirement planning is of paramount significance, yet it is an area where many inadvertently stumble. The journey towards ensuring a financially stable retirement is riddled with potential missteps. While envisioning one's retirement years, the ambition is typically a serene and stress-free life, buoyed ...
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Have you considered selling property from your Self-Managed Super Fund (SMSF) to yourself? The short answer is indeed, yes, you can, but it must meet specific conditions and align with the stringent guidelines set by the Australian Taxation Office.
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Superannuation and workers compensation are two integral components of the Australian employment landscape. While they may seem like different worlds, their paths often intersect in ways we might not initially consider. In essence, workers compensation serves as a financial buffer for employees who face injury or illness in the workplace, providing a ...
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If you're like most people, the words "self-managed super fund loans" probably make your eyes glaze over. But if you have an SMSF or are thinking about setting one up, it's important to understand how they work - especially when it comes to taking out a loan. In this article, we'll explain ...
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Self-managed super fund property investment can provide a range of benefits for those looking to invest for their retirement. Whether it be a residential property or commercial property, not only can it provide a solid return on investment, but it can also offer tax advantages and the potential to borrow against the ...
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Running a self-managed super fund (SMSF) comes with many different roles, responsibilities and administrative requirements to ensure compliance in the fund. One of the first things you will need to arrange when setting up an SMSF is a trust deed. In this article, we will run through some general information about what ...
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Interactive Brokers is considered the industry standard when it comes to a trading platform that is accessible to the everyday SMSF investor. It caters for retail level traders all the way up to hedge fund managers which is why Interactive Brokers is considered the most advanced and accessible trading platform available today. It is a popular platform because:
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For as long as I can remember, income protection insurance has been a great way for financial planners to generate revenue for their business. To give you an idea of just how lucrative selling an income protection insurance policy to a client is, a financial planner will usually receive 110% of the ...
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Before investing in a managed fund with your SMSF, you need to consider a few key questions: What investment management style are you looking for (active or passive)? How will you buy the managed funds (via a broker or fund manager)? What are the associated costs (brokerage, management and performance fees)? What ...
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One of the main attractions of an SMSF when compared to a traditional super fund or industry super fund is the wide range of investment options available for you to choose from within the SMSF. In almost all SMSFs, you can invest in traditional investments like shares, property, government or corporate bonds, ...
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It’s a fundamental question, and one that needs to consider many different things: How much super do I need to have to retire? Some say that if you can save around 10% to 15% of your income each year, you'll give yourself a fighting chance, but you can think about a more ...
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Operating your very own SMSF can be a fulfilling and financially beneficial experience, assuming you have done your homework and the fund is set up correctly from the beginning.
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We find it particularly difficult to locate the marginal tax rates for Australians in one place. Individual Income Tax Rates Below you will find the ATO published income tax rates for the 2019/2020 financial year. We find these particularly misleading as it does not give you the full picture. Read on to ...
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How much do I need in my SMSF to retire? For me this all depends on if I'm married at the time of retirement! My wife, I mean life, is expensive. We'll proceed on the basis that I haven't been chopped up into little pieces by my wife for making that comment ...
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The word sacrifice isn’t exactly known for its positive connotations, however in the case of when an employee salary sacrifices a portion of their pre-tax income to pay for certain benefits its usually all good news. Whether salary sacrifice is right for you and your personal circumstances will depend on many factors ...
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Unsure about how your super works? At SMSF Mate we cover everything from the basics right up to the most advanced concepts you need to know about your super.
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