Superannuation is a cornerstone of Australia's financial framework, underpinning numerous retirement plans. For many Australians, effectively managing their superannuation is pivotal to ensuring a financially secure retirement. Expert superannuation advice can be invaluable, particularly when deciphering individual financial situations. Options like Self-Managed Super Funds (SMSFs) exemplify the evolving superannuation landscape, presenting personalised ...
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Superannuation stands as one of the most crucial pillars of financial planning, a cornerstone for a secure future. Yet, many are unaware of the potent tools and strategies available to them. Enter the Unused Carry Forward Concessional Contributions Rules – a pivotal mechanism that can significantly amplify one's retirement savings if leveraged ...
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Estate planning, often perceived as a mere administrative task, holds a pivotal role in ensuring the orderly distribution of assets after one's departure or during times of incapacity. It goes beyond just drafting a will, offering a thorough evaluation of one's present situation and anticipated future. In ensuring that our hard-earned assets ...
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An SMSF, or Self-Managed Super Fund, is a type of private superannuation fund that members themselves specifically oversee. Unique in its structure, an SMSF permits a maximum of six members, all of whom typically assume roles as the fund's directors or trustees. Their primary function, echoing the core objective of other superannuation ...
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The SMSF Trustee Declaration is a legal obligation, distinct from the trust deed, which outlines the setup and operational structure of an SMSF. Upon becoming an SMSF trustee or director of a corporate trustee, it's crucial to understand the declaration's content, as it explains your duties and ensures the SMSF operates in compliance with the superannuation law.
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The prospect of exploring the world during retirement is certainly enticing. But if you're an Australian pensioner planning to live or travel internationally, it's essential to understand how it may impact your age pension overseas. Knowledge about the relevant rules and regulations is key to maintaining your pension, so you can confidently ...
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Self-managed super funds are one of the most popular retirement savings options in Australia. But when can you access your SMSF? The answer depends on a few factors, including your age, your employment status and your super balance. Generally speaking, you can access your SMSF from age 55 if you're retired or ...
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A self-managed super fund (SMSF) is a trust structure designed to hold retirement savings for the benefit of its members. As trustees of their own fund, SMSF members have control over how their retirement savings are invested and managed. While this provides greater flexibility and choice, it also comes with greater responsibility. ...
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A related party of a self-managed superannuation fund is any person or entity who is somehow connected to the fund. This includes, but is not limited to, the fund's trustees, members, directors, officers, and relatives of these people. The definition of a related party also extends to businesses and other entities that ...
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How to Evaluate if an SMSF is Right for You with Canstar Podcast Transcript Welcome to SMSF Mate. This is our general advice warning. We are required to warn you that any advice has been prepared without taking into account your objectives, financial situations or needs and because of that you should ...
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How Much Do I Need For Retirement Podcast Transcript Welcome to SMSF Mate. Our general advice warning. We are required to warn you that any advice has been prepared without taking into account your objectives, financial situations or needs and because of that you should before acting on any advice consider the ...
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Direct Indexing for SMSFs: What You Need to Know Podcast Transcript Welcome back to SMSF Mate's daily podcast. This is our general advice warning. We are required to warn you that any advice has been prepared without taking into account your objectives, financial situations or needs and because of that you should ...
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Can I Buy Crypto in my SMSF Podcast Transcript Welcome back to SMSF Mate's daily podcast. This is our general advice warning. We are required to warn you that any advice has been prepared without taking into account your objectives, financial situations or needs and because of that you should before acting ...
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The in-house asset rules of self-managed super funds (SMSFs) are designed to ensure that SMSF trustees do not use the fund's assets to give themselves or members an unfair advantage. The rules are also intended to protect the interests of all SMSF members, by ensuring that the fund's assets are used primarily ...
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When choosing to manage your own superannuation, there are many things to consider. One key question is, do you need to keep a financial advisor when managing a SMSF? While it's possible to go it alone when it comes to managing your SMSF, there are definite advantages to keeping a financial advisor ...
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Auditing For SMSFs Podcast Transcript Welcome to SMSF Mate. Our general advice warning. We are required to warn you that any advice has been prepared without taking into account your objectives, financial situations or needs and because of that you should before acting on any advice consider the appropriateness of the advice ...
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Accounting For Your SMSF Podcast Transcript Welcome to SMSF Mate. Our general advice warning. We are required to warn you that any advice has been prepared without taking into account your objectives, financial situations or needs and because of that you should before acting on any advice consider the appropriateness of the ...
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Getting Insurance For Your SMSF Podcast Transcript Welcome to SMSF Mate. Our general advice warning. We are required to warn you that any advice has been prepared without taking into account your objectives, financial situations or needs and because of that you should before acting on any advice consider the appropriateness of ...
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Podcast Transcript Welcome to SMSF Mate. Our general advice warning. We are required to warn you that any advice has been prepared without taking into account your objectives, financial situations or needs and because of that you should before acting on any advice consider the appropriateness of the advice having regard to ...
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When it comes to taxes, a self-managed super fund (SMSF) is taxed differently to other types of investments outside of super. Here's a look at how SMSFs are taxed and what this means for you. An SMSF is a trust structure set up specifically for the purpose of providing retirement benefits for ...
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What's the difference between retail and wholesale investors Podcast Transcript Welcome to SMSF Mate. Our general advice warning. We are required to warn you that any advice has been prepared without taking into account your objectives, financial situations or needs and because of that you should before acting on any advice consider ...
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Wrap account investment products and how they work Podcast Transcript Welcome to SMSF Mate. Our general advice warning. We are required to warn you that any advice has been prepared without taking into account your objectives, financial situations or needs and because of that you should before acting on any advice consider ...
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EOFY superannuation and tax saving opportunities for 2022 Podcast Transcript Welcome to SMSF Mate. Our general advice warning. We are required to warn you that any advice has been prepared without taking into account your objectives, financial situations or needs and because of that you should before acting on any advice consider ...
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In recent years, fees for SMSF accounting services have consolidated as streamlining and data efficiency have come into play. Bank account and investment data feeds that plug straight into the accounting software have significantly reduced the manual work required to complete the annual SMSF audit and financial accounts. Some accountants, either by ...
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Self-managed super funds or SMSFs must be audited each year by an auditor independent of the tax accountant and fund administrator preparing the financial statements. An online SMSF audit refers to an audit process that involves submitting information and interacting with the SMSF audit provider online instead of conventional face to face ...
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What's the go with capital gains tax (CGT) and SMSF investments Podcast Transcript Welcome to SMSF Mate. Our general advice warning. We are required to warn you that any advice has been prepared without taking into account your objectives. Financial situations or needs and because of that you should before acting on ...
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Who is the best broker for SMSF investing and trading Podcast Transcript Welcome to SMSF Mate. Our general advice warning. We are required to warn you that any advice has been prepared without taking into account your objectives. Financial situations or needs and because of that you should before acting on any ...
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How much do you need to start a self-managed super fund Podcast Transcript Welcome to SMSF Mate. Our general advice warning. We are required to warn you that any advice has been prepared without taking into account your objectives, financial situations or needs and because of that you should before acting on ...
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When Is It Useful to Get Help Managing Your Finances? Welcome to SMSF Mate. Our general advice warning. We are required to warn you that any advice has been prepared without taking into account your objectives. Financial situations or needs and because of that you should before acting on any advice consider ...
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How much superannuation do I need to retire comfortably in Australia Podcast Transcript Welcome to SMSF Mate. Our general advice warning. We are required to warn you that any advice has been prepared without taking into account your objectives. Financial situations or needs and because of that you should before acting on ...
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How do I start investing in my self managed super fund (SMSF) Podcast Transcript Welcome to SMSF Mate. Our general advice warning. We are required to warn you that any advice has been prepared without taking into account your objectives. Financial situations or needs and because of that you should before acting ...
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One of the most important benefits of having a self-managed super fund; the ability to time your contributions and market entries. We all know the “buy low, sell high” analogy but rarely is it considered when it comes to traditional super fund investments. Using a self-managed super fund is a common way of increasing your ability to time your investments and contributions.
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If you're in the market for a financial advisor, there are plenty to choose from that cater to any financial situation. Here are some common questions to ask when looking for the right financial advisor for you. Financial advisors can help you plan for retirement, minimise risk and help you achieve your ...
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When you sell shares, property or a business and generate a profit, you have made a capital gain on the transaction. Capital gains are generally considered taxable income but exactly how much tax is payable on this income often boils down to how long you have held the asset before selling it. ...
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To grow your savings for retirement, what is the best investment strategy: maximising your super contributions or investing in property? If you're like most Australians, there's a chance you are doing both. Around 66% of Aussie households owned their home in 2017/18, according to housing occupancy data from the Australian Bureau of ...
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If you are thinking about getting into the housing market but struggling to find savings for a deposit, you might be able to tap into your super fund. You, unfortunately, can't use all the money in your super fund; the First Home Super Saver Scheme will allow you to use an approved ...
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Few other things in life are more confronting than planning for one's death, which is one of the many reasons why many of us have never given serious thought to obtaining life insurance. The reality is it can be a vitally important decision to make, especially when your family's livelihoods are potentially ...
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Much like a regular superannuation fund, an SMSF is an excellent way for you to save for your retirement.
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This calculator is really handy to work out how much you will have in your SMSF or Super fund when you retire. Notes on the calculations The calculator does not account for inflation so take 2-3% off the Annual Interest Rate if you want to include inflation The calculator does not account ...
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Do you see yourself as a sophisticated investor? Take this short test to work out if you are a Retail or a Sophisticated (Wholesale) Investor. Find out more about Retail vs Wholesale investors here ...
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What is Inflation? In general terms, inflation is the increase in the cost of goods and services in the economy during a given period. More money is needed tomorrow to buy the same things you bought today. Inflation is often shown in percentage terms and is usually measured monthly, quarterly and yearly ...
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Superannuation provides an income for retirement that replaces or minimises the reliance on the aged pension and is the process of investing a portion of your income throughout your working career in a range of assets until you retire.
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