Tag Archives: Super Law & Compliance

Masterclass SMSF – CGT Relief – Capital Gains Tax Superannuation exemption when moving excess pension over $1.6 mill. pension account cap by 1 July 2017

If you have more than $1.6 million in superannuation pension phase, and/or a transition to retirement income stream (TRIS) and you wish to continue from 1 July this year, you must reduce the pension balance down to the $1.6 mill. … Continue reading

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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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CASE STUDY – Chris & Heather liked how SMSF gave the chance for control of investing their OWN super

WHERE they were at – Both Chris & Heather liked how SMSF gave them the chance for control of investing their OWN super. Having had short but successful careers in Government and hospitality, and then spent a decade in their … Continue reading

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NEWS – Unpaid Super Means Missing Revenue for Government Revenue

The issue of unpaid super by many employers is growing – Katarina Taurian at SMSF Adviser writes – As speculation mounts that super tax breaks will be cut, one industry super fund has found the government has lost more than … 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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