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!

MASTERCLASS Investment – What is Return on Assets (ROA) – what it means and how to calculate

Return on Assets (ROA), is a ratio (which means one figure divided by another) measuring the profitability (return) as a percentage of the operating assets – it means we are comparing profit to assets. ROA is an indication of a … Continue reading

Posted in Investing - Stock Fundamentals, Masterclass Investment, SMSF Investing | Tagged , , , , , , | Leave a comment

Pensions Centrelink – Pension Loans Scheme has changed 1 July 2019

As of 1 July 2019, the human services websites says you can apply for the Pension Loans Scheme (PLS) even if: You’re getting the maximum rate of pension; You have a payment rate of $0 under both the income and … Continue reading

Posted in Centrelink, Pensions / Income Streams, Retirement Planning | Tagged , , , , , , , , | Leave a comment

NEWS – New Audit Information required on SMSF Tax Returns

New mandatory audit information will be required for the first time from this year. SMSFs completing their annual return will need to include mandatory auditing information, which up until now was only required in limited circumstances. Hrishikesh Joshi at Self … Continue reading

Posted in SMSF Info, News & Stats | Tagged , , , , , , , | Leave a comment

Masterclass – Ultimate Year End Checklist – 12+12 Tips for EOFY End of Financial Year – start now!

Time is running out – only days left to the End of Financial Year (EOFY). Here is a recap of our posts last and this month, for SMSF and Personal checklists, with an extra notice about cut off dates (item … Continue reading

Posted in Masterclass SMSF | Tagged , , , , , | Leave a comment

Basics about Super – EOFY – End of Financial Year – Personal Checklist!!

Time is running out – as the End of Financial Year (EOFY) approaches, it’s time to use a checklist to have a review and ensure all is in order and all ACTIONs taken by 30 June deadline, as well as … Continue reading

Posted in Basics about Super, Retirement Planning, Superannuation General | Tagged , , , , , , , , | Leave a comment

MASTERCLASS Investment – ROC – Why Return on Capital Employed is Important

The formula (or ratio) for Return on Capital (ROC) is similar to Return on Equity (ROE) but ROC takes into account long-term debt. We wrote about this HERE. An investor looking for long term investments should consider quality, as well … Continue reading

Posted in Investing - Stock Fundamentals, Masterclass Investment, SMSF Investing, Uncategorized | Tagged , , , , , , , | Leave a comment

The ATO has updated its valuation guidelines in order to clarify when a reasonable estimate can be used for valuing pension assets when reporting to the ATO

SMSF Advisor reports – In an updated version of its valuation guidelines, the ATO has clarified that SMSF professionals and their clients can use a reasonable estimate for determining the value of assets that support a pension when reporting to … Continue reading

Posted in News & Stats, SMSF Info | Tagged , , , , , , | Leave a comment