Monthly Archives: September 2012

STRATEGY – Salary Sacrifice and How it Works

  While there is a sacrifice or reduction in take home salary, the important part of salary sacrifice is the saving for retirement and the added bonus of a lower-taxed environment. The tax is 15%, where-as tax on income over … Continue reading

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Super Account Values Nearly Restored!

Some good news after 3 years of choppy Australian sharemarket returns – average super account values have nearly restored to pre-GFC levels – yes, no one is happy about the loss of value, but look at the glass half full … Continue reading

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SMSF Basics – Some Pros of Self-Managed Super (SMSF)

Self-Managed super has several Pros, the reasons many are setting them up. –    Control over investments –    Flexibility of investment timing –    Choice of investment spread –    Protection from bankruptcy and other legal claims (most cases) –    Low-tax saving environment … Continue reading

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ATO – Compliance Programme Focus Attention on Largest SMSFs

The Australian Taxation Office (ATO) will be turning its attention, for the first time, to the activities of the largest Self-Managed Superannuation Funds (SMSFs) as part of the regulator’s compliance program for the 2013 financial year. Click Here for MORE … Continue reading

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SPAA Endorses the ATO as an Appropriate and Effective SMSF Regulator

  Darin Tyson-Chan in Morningstar reports -The Australian Taxation Office (ATO) is an appropriate and effective regulator of the self-managed superannuation fund (SMSF) sector and calls for greater scrutiny of the space from other industry sectors are unfounded, according to … Continue reading

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ATO New Regulation – 2012 (No. 2) Consider Insurance Needs of Members

Recent Regulations by the ATO now require Trustees to consider whether they need to hold insurance for the Members of the fund, and to review this as part of their regular Investment Strategy Obligations. The Regulation can be found at: … Continue reading

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$1 Trillion Shortfall in Australian Retirement Savings – Action Required

New research has prompted the Financial Services Council (FSC) to call for longer working lives, to plug a massive retirement savings hole caused by people outliving life expectancies. Australians who live longer than current life expectancy will face an approximate … Continue reading

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