For anyone considering an SMSF, it’s important to consider, among other things, what’s involved in setting up and running one—seeking qualified professional advice in this area can be a worthwhile consideration here.
Soon older Australians will no longer have to meet the work test to make super contributions. From 1 July 2022, members under 75 years of age will be able to make or receive personal contributions and salary sacrificed contributions without meeting the work test.
From 1 July 2022, the eligible age to make a downsizer contribution to their superannuation fund has reduced from 65 to 60 years old.
The Government intends to make legislative changes to ensure the non-arm’s length expense provisions operate as envisaged.
The Government’s Retirement Income Review highlighted that our super—and subsequent retirement income (and outcome)—can be boosted by, among other things, increasing our super contributions. Read how.
From 1 July 2022 super fund members may be able to release up to $50,000 in eligible contributions plus associated earnings.
ASIC have issued a new warning to SMSF trustees about outside parties promising large returns through crypto investments.
If you’re a corporate trustee of a self-managed super fund (SMSF), you can now apply for your director ID. You can apply via Australian Business Registry Services (ABRS) online.
