Superannuation

Exciting news this week with the much-anticipated self-managed super fund (SMSF) draft ruling from the ATO, SMSFR 2011/D1.  Many people are probably aware by now that you can borrow and purchase properties within a SMSF (we’ll post more on this in coming weeks). What hasn’t always been clear are some ...

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Did you know that only one in five taxpayers who meet the eligibility criteria for the super co-contribution actually make a personal contribution in order to receive the additional government payment. The super co-contribution is a Government initiative to help low to middle income earners save for their retirement. You ...

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Australians receiving government financial assistance will no longer need to worry that additional superannuation contributions, prescribed by law or the rules of their super fund, will be considered when determining their eligibility to receive that financial assistance. The Assistant Treasurer and Minister for Financial Services and Superannuation, Bill Shorten, today ...

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Yesterday APRA released it’s Annual Superannuation Bulletin for the 2010 financial year.  According to the report, total superannuation assets increased by 13.9 per cent during the year to $1.23 trillion.   Where is this trillion bucks?   Well, $722.6 billion are held by APRA-regulated super entities and $390.9 billion are held by self ...

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The Australian Prudential Regulation Authority (APRA) has released its Annual Superannuation Bulletin for the financial year to 30 June 2009.  Total superannuation assets fell during the year by $66.4 billion, or 5.8 per cent, to $1.07 trillion. Small funds, which have fewer than five members, were the only funds to ...

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The ATO will be conducting audits of SMSFs in 2009/10.  Recently, the ATO has released various material regarding SMSFs.  Taxpayers should be aware of this material and the possible implications for their SMSF.  The hot topics on the ATO’s radar at the moment include: PAYG obligations – where a benefit ...

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Sydney man sentenced on early access to super charges

ASIC Media Release Mr Gerard Karl Little, of Castlecrag, New South Wales, has been sentenced today in the District Court of New South Wales by Judge Williams to two years imprisonment, to be released after eight months, for unlawfully allowing the early access of superannuation benefits. Mr Little’s release is ...

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Many thanks to Christina from the SMSF Investment Strategies Blog for today’s post. Christina has been sharing a series a posts on the timely topic “Is a SMSF right for you?” Christina is outlining three key questions to ask yourself when deciding to establish a SMSF. Be sure to check 3 key questions to ask #1 ...

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APRA releases new superannuation fund-level performance data

 The Australian Prudential Regulation Authority (APRA) has today released performance data for individual superannuation funds, covering the five-year period from 2004 to 2008. The performance data for APRA-regulated funds — with the exception of small APRA funds, single-member approved deposit funds, exempt public sector superannuation schemes and pooled superannuation trusts ...

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  Many thanks to Christina from the SMSF Investment Strategies Blog for today’s post. Christina will be sharing a series a posts on the timely topic “Is a SMSF right for you?” Christina is outlining three key questions to ask yourself when deciding to establish a SMSF. Be sure to check #1 Compliance. Question 2 – ...

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Many thanks to Christina from the SMSF Investment Strategies Blog for today’s post. Christina will be sharing a series a posts on the timely topic “Is a SMSF right for you?”   With the recent under performance of many public super funds, running your own fund and taking control of your super is becoming ...

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