Category Archives: Superannuation General

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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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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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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SMSF Basics – SMSF: Is It the Right Choice for Your Retirement Savings?

Navigating the world of retirement savings can feel like a complex endeavour. A Self-Managed Super Fund (SMSF) offers a personalised approach to pension savings, putting the control firmly in your hands. With the autonomy to make investment decisions, an SMSF … Continue reading

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CASE STUDY – Margaret & Harold, knowing term deposits were not enough to ensure their money would last

WHERE they were at – Margaret had enjoyed her service to the public sector, as it was more like serving the community, and she had also been blessed to have the occasional chance to enjoy living on other countries and … Continue reading

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SMSF Basics – Paper & Wet-signed gives more legal certainty

Recent legal advice is that SMSF trustees should exercise caution if considering signing a trust deed  electronically, to avoid the risk of state-based litigation. DBA Lawyers special counsel Bryce Figot warned against the practice authorising a deed using electronic means … Continue reading

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Basics about Super – Super for Contractors – ATO

Do you pay contractors for your business? You may need to pay superannuation for contractors, so here we explain: how the ATO determines when you must pay, about offering choice of fund and how much to pay. Super contributions for … Continue reading

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CASE STUDY – He wanted to protect what was left after second divorce and remission from cancer

WHERE he was at – Roger had worked hard at his business and his expertise at his craft had been rewarded with the TAFE College asking him to teach his success tips part-time to up-coming students. His business was steady … Continue reading

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Basics about Super – How Transition to Retirement (TTR) works

A TTR (Transition to Retirement) helps you supplement their work income with a super pension, enabling them to work less or part-time. It also is a method for topping up your income as you approach retirement and work reduced hours. … Continue reading

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CASE STUDY – Having finally sold the business, James and Mary were ready for retirement preparation

WHERE he was at – James had worked hard at his business. There had been good and bad and very tight times over 50 years. He’d seen several economic down turns and watched business clients come and go sometimes for … Continue reading

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