Author Archives: SuperBenefitnews

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!

Basics about Super – EOFY Personal Finance checklist – EOFY

The end of the financial year (EOFY) is approaching, and it’s now time to review all financial matters and take necessary actions before the 30th of June deadline. This includes gathering and documenting all transactions to maintain accurate records. To … Continue reading

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MASTERCLASS Investment  – 8 Investment Strategy Review Tips – End of financial year

May and June is a good time to review your investment strategy before End of financial year (EOFY) – an important  stage for the investor, as SOME actions MUST be taken before 30 June!! Here are 8 tips for end … Continue reading

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Pensions – When to retire and how much you can draw from super

The stage in life comes to deciding to when to retire and how much we can draw from our super and how much we need to live! Tony Kaye at First Links explains some important details – One of the … Continue reading

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Masterclass SMSF – Binding Death Benefit Nominations in SMSF

When a member of a self-managed super fund (SMSF) passes away, the SMSF typically distributes a death benefit to a dependent or another beneficiary of the deceased. It is important for this distribution to occur promptly following the member’s death. … Continue reading

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CASE STUDY – Doris & Wally had concerns about the small super they had and would it last

WHERE they were at – Doris and Wally had put in a lot of effort in their respective jobs. They mainly depended on their pension for income, and were keen to avoid using up the limited superannuation savings that Doris … Continue reading

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MASTERCLASS Investing – Financial Health Part 4 – What is Technical Analysis + how does it work?

Today we have Part 4 of our Company Financial Health Series – What is Technical Analysis In Part 1 we looked at how to determine financially healthy companies to invest in. In Part 2 we looked at how share investors … Continue reading

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Pensions Centrelink – Transfer from Disability Pension to Age Pension – Difference between them

A woman called seeking advice on whether it was beneficial to switch from Disability Support Pension (DSP) to Age Pension (AP). She was concerned about potential pros and cons associated with the change. Answer – While the payment amount remains … Continue reading

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Basics about Super – What you need to know – Superannuation Australia

Superannuation is an important part of the Australian retirement system. It is a way for workers to save money for their retirement and it is compulsory for most employees. Superannuation is also a tax-effective way to save for retirement, with … Continue reading

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Masterclass SMSF – Related Party Transactions & Investments

The Australian Taxation Office (ATO) imposes various investment restrictions on transactions involving ‘related parties’ of a superannuation fund and the ‘relatives of members’. This is to ensure that no one associated with the fund receives immediate benefits from its investments, … Continue reading

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NEWS – ATO concern over SMSF loans to members

Concern over SMSF illegal loans Loans from an SMSF to its members are causing the ATO concerns as an indication individuals are participating in illegal early access of their retirement savings benefits. ATO superannuation and employer obligations director Paul Delahunty … Continue reading

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