Monthly Archives: October 2020

Basics about Super – Will your money last? What could living longer mean for your Retirement?

Posted on October 30, 2020 by SuperBenefitnews

Will your money last? As Australians are now on average living longer, superannuation needs to stretch even further to cover living expenses.  Will your money last as long as you live? You have a 50/50 chance of living as long … Continue reading →

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Masterclass SMSF –What happens to your SMSF super when you die?

Posted on October 26, 2020 by SuperBenefitnews

On the death of a person the law is that a member’s benefits must be cashed as soon as practicable. It is called a death benefit payment. Super does NOT form part of a person’s estate. To do so, a … Continue reading →

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NEWS –SMSF wind-ups lowest over all-time record Year 19-20

Posted on October 15, 2020 by SuperBenefitnews

The number of SMSF wind-ups for the 2020 financial year fell drastically compared to previous years, the latest ATO statistics have revealed. According to the ATO’s statistical overview of the SMSF sector for the June quarter, wind-ups of SMSFs fell … Continue reading →

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NEWS – Aust. Federal Budget 2020 – Summary for our Super and Seniors

Posted on October 9, 2020 by SuperBenefitnews

In his Federal Budget delivery Tuesday 6 October, the Treasurer Josh Frydenburg outlined numerous measures aimed at rebuilding a Covid-devasted economy by creating and supporting jobs, encouraging spending, improve our super and support seniors. There are key changes in Super … Continue reading →

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Pensions – When can you start withdrawing super?

Posted on October 2, 2020 by SuperBenefitnews

Super laws provide specific rules for when you can access your super. These are called conditions of release. In addition, the trust deed or governing rules of your super provider may set out more restrictive rules around payment of benefits. … Continue reading →

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