Category Archives: Super Law & Compliance

Basics about Super – Super and Death Benefits – how does it work? (Super Death Benefit)

The Australian Tax Office (ATO) confirms that super is not part of a person’s estate (usually), and the Trustees who control and run a super fund or Self-Managed Super Fund (SMSF), determine where the money goes. The ATO site tells … Continue reading

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Masterclass SMSF – Why is the trust deed the most important document when a member passes away?

The SMSF trust deed is the first and most important document when a member passes away as it has the rules and determines how the death benefits are distributed. The trust deed sets out how death benefits are treated, especially … Continue reading

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Basics about Super – Employees can choose – Choice of Super Fund

Employers should be aware that employees who are eligible for super in many cases are also be eligible to choose the fund you pay into. But if they aren’t eligible to choose or don’t make a choice, you must pay … Continue reading

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SMSF Basics – Overview of SMSF from ATO statistics

The popularity of Self-Managed Super continues to grow – is it suitable for you? ATO Statistics December 2014 – 545,000+ SMSF’s in Australia – 1,034,000+ members – $568+ billion in SMSFs (Total Aust & Overseas assets) – Number of Members … Continue reading

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Basics about Super – Transition to Retirement – How does it work? A possible solution to the later retirement age at 70?

Transition to Retirement (TTR, or also called transition to retirement income stream (TRIS) or income pension (TRIP)) is a gradual move to retirement – a way to enable those aged over 55 to reduce your working hours without reducing your … Continue reading

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Masterclass SMSF – Borrowing in SMSF & is it right for you?

How did borrowing (leverage) start in self-managed super funds (SMSF)? SMSF allows their trustees to take advantage of control and flexibility by designing their own personalised investment strategies – “hands on” control. As a result of lobbying by super groups, legislation … Continue reading

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Masterclass SMSF – Year End 2014 – Preparing your Self-Managed Super Fund – Things to Watch & Action before 30 June

  As the financial year is closing again there are several things to watch and action for self-managed super (SMSF) before 30 June, such as contributing more to super within the limits (below). Generally, super contributions made by the cut-off dates … Continue reading

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