Sally Patten Reported in The Australian Financial Review

Lost Superannuation Accounts

Lost Superannuation Accounts

“The sweep-up of ‘lost’ accounts could mean lower returns for some, but there are good tidings for the beneficiaries of deceased estates. Savers should use the next few months to search for superannuation accounts they may have lost touch with before the Federal Government sweeps up many dormant, small balances as part of its efforts to plug a budget hole. As for self-managed fund levies, the Federal Government says from 2013-14 the annual levy will rise from $191 to $259. The technical director of the SMSF Professionals Association of Australia, Peter Burgess, notes that this suggests the levy for both 2012-13 and 2011-12 will be $191, down from the previous year’s $200.”

As reported by Sally Patten, The Australian Financial Review, page 27


About SuperBenefitnews

Self-Managed Superannuation Service Providers in Australia. SuperBenefit provides a wholistic SMSF assistance, education and administration service continuum - 1. “assistance” is help of whatsoever nature where our overall SMSF experience and knowledge enables us to provide assistance/help without any legal (or “license”) limitations. 2. “education” involves providing knowledge through teaching, coaching and mentoring about all matters SMSF, including (but not limited to) investment issues such as equities and property, 3. “administration” encompasses all admin aspects of legally required SMSF trustee and member record keeping including (but not limited to) audit and ATO matters. In keeping with our key point that SuperBenefit does not provide Financial Advice, where issues arise from 1, 2, and/or 3 above Indicate a need for a legally authorized provider (such as a Financial Adviser) and the client does not have their own service provider, the client can utilize SuperBenefit’s ‘Connect Assist’ … SuperBenefit, in itself, does not provide Financial Advice, but it does provide the wherewithal for great SMSF service. WE do not provide Financial Advice or any other service that requires a legally authorized provider. However, where such advice or service is required we have our ‘Connect Assist’, a SuperBenefit resource we use to connect clients to a Licensed Advisor or other legally authorised service provider. Call us 0407 361 596, no obligation FREE Connection call to see how we can help you!
This entry was posted in Superannuation General and tagged , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s