A Self-Managed Super Fund (SMSF) is an option for retirement savings, allowing people to decide how to manage their super investments. SMSF setup gives its members the flexibility to directly take care of their retirement savings, decide on investments and customise the fund according to their own priorities. Still, managing...
Maximise Your SMSF Contributions with the Bring Forward Rule. If you use a Self-Managed Superannuation Fund (SMSF) as your retirement plan, it is important to know about contribution strategies. You gain greater control over where you invest with an SMSF, but you must always have a clear strategy, primarily for...
Are you tired of cookie-cutter superannuation funds that limit your investment choices? A Self-Managed Super Fund (SMSF) could be the game-changer you need to take control of your retirement savings.
Setting up a Self-Managed Super Fund (SMSF) can be completed within 1-2 business days for the legal and accounting setup. However, the Australian Taxation Office (ATO) must approve your SMSF before it becomes fully operational. The ATO conducts necessary checks before issuing an Australian Business Number (ABN) and Tax File...
One of the biggest advantages of a Self-Managed Super Fund (SMSF) is the potential for tax-free retirement benefits. However, the tax treatment of your SMSF withdrawals depends on your age and the type of benefit you receive.
If you’re an Australian professional, entrepreneur, or SMSF trustee, you’re likely putting significant thought into your superannuation strategy. But if your income edges past a certain threshold, you could face a lesser-known super tax called Division 293. And unlike your regular income tax, this one can sneak up on you,...
Running a Self-Managed Superannuation Fund (SMSF) can be rewarding, but it also comes with complex compliance and investment responsibilities. To navigate this highly regulated environment, many SMSF trustees rely on two key professionals: SMSF accountants and financial planners. While their roles often overlap, they serve distinct purposes.
Managing a Self-Managed Super Fund (SMSF) offers unparalleled control over your retirement savings, but it also comes with significant responsibilities. From compliance audits to tax lodgments and investment strategies, the complexities can overwhelm even the most diligent trustees.
If you manage a Self-Managed Super Fund (SMSF), you’ll need both an SMSF accountant and an SMSF auditor to ensure compliance with the ATO and superannuation laws. While their roles overlap in some areas, they serve distinct functions.
Yes, accountants can set up a Self-Managed Super Fund (SMSF), but there are important regulatory restrictions they must follow
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