Tag Archives: Basic

Basics about Super – Small Business Superannuation Clearing House (SBSCH) – How it can help Small Business

The Australian Tax Office (ATO) has a service called the Small Business Superannuation Clearing House, designed to help small business (with less than 19 employees) meet their super obligations as employers. Here is what the ATO site says – The … 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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Basics about Super – Basics 6-10 about the Australian Super System

Here are five more basics about the Australian Super system. (For the first 5 Basics 1-5 see last month HERE) 6. Investment Choices – While the big major super funds allow you to choose how you want your money invested by the super … Continue reading

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Basics about Super – Small Business Superannuation Clearing House – How does it help Small Business

The Australian Tax Office (ATO) has a service called the Small Business Superannuation Clearing House, designed to help small business (with less than 19 employees) meet their super obligations as employers. Here is what the ATO site says – The … Continue reading

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Basics about Super – Federal Budget didn’t tinker with super

So good news that the Federal Government didn’t make any major changes to super, especially Self-Managed Super (SMSF). The Federal Treasurer, Joe Hockey said that at a time of low interest rates and when superannuation fund members were looking for policy … Continue reading

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SMSF Basics – Do the Pros out-way the Cons of running a Self-Managed Super Fund (SMSF)?

People are increasingly attracted to set up a Self-Managed super funds (SMSF) having considered – do the pros out-way the cons of running an SMSF? Having control and choice are the top advantages (and reasons) to have an SMSF. Then … Continue reading

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SMSF Basics – What is a Self-Managed Super Fund (SMSF) and what types or structures do they have?

Self-Managed Super Funds (SMSF) are Regulated by an Act of Parliament, have different types or structure, are a special Trust (like the major corporate super funds) and are governed by the Sole Purpose Test. An SMSF is created under the “SIS” Act whose full name is – Superannuation … Continue reading

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