Author: Superfund Partners Team

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About Superfund Partners Team

We needed a better way to look after our SMSF clients. So we created one. We experienced first hand the frustration of the ‘old way’ of looking after SMSFs: Financial statements that were out of date by at least 6 months and of no use to anyone other than the ATO, high fees and poor value due to highly skilled and knowledgeable staff spending unnecessary time on laborious data entry and worst of all SMSF trustees not getting the right advice at the right time!

Sharemarket SMSF Bear Trap

Sharemarket Bear Trap or Bargain for SMSF Investors?

This correction could turn out to be the opportunity of a lifetime or a nasty sharemarket bear trap, and the difference can boil down to knowing what you don’t know.

financial literacy financial jargon superstash

ATO SMS text message alerts for changes made to SMSF information

The ATO has launched a new text message alert service from February 2020 for SMSF trustees. These messages are legitimate and real and are not scams. If you are unsure please check with the accountant/administrator who lodges your SMSF return.

Superannuation Changes That Impact You

Did you get a letter recently from your super fund about protecting your super?

In February 2019, changes proposed in the 2018 budget became law, and if action isn’t taken then inactive superannuation accounts could lose their insurance. The changes are due to commence from 1 July 2019,

What could an ALP Government mean for your SMSF?

Jordan George is an industry leading speaker for the SMSF Association, and holds the title ‘Head of Policy’. 

2018 was a tumultuous year for SMSFs with volatile investment markets and an even more volatile political environment giving SMSFs plenty to think about.

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Five SMSF changes you need to discuss with your accountant or adviser

Balance and contribution caps are just part of the new regime.

There have been dramatic changes in the past few years – and more this July – to the administration, reporting and compliance of self-managed super funds, and it’s crucial that an SMSF trustee is up to speed on how they affect their fund.

Is your SMSF’s Estate Plan up to speed?

A recent survey of SMSFs revealed that estate planning is the highest unmet need for advice, estimated to affect 59,000 funds which equates to about 10% of the total number of SMSFs in Australia. Given demographic trends and the continued growth of SMSF numbers in Australia, this advice gap looks set to rise over time.

How much superannuation should I have for my age?

How much superannuation should I have for my age?

As of July 2014, employers have been required to contribute 9.5% into superannuation, however individuals are able to contribute further.

According to The Association of Superannuation Funds of Australia’s (ASFA) Retirement Standard,

How life insurance in your super could impact your retirement savings

If you have super with a default fund (i.e. the one your employer offered) you will have some form of life insurance, unless you have opted out. If you have researched and selected a superannuation fund specifically for yourself, you have probably been offered insurance. Either way life insurance and superannuation go hand in glove.

Are you Eligible? Government Energy Efficient Appliance Rebate

Update: Applications for the Queensland Government Energy Efficient Appliance Rebate are now open. To apply, go to www.qld.gov.au/appliancerebate.

Although purchasing appliances that are more energy efficient can have a higher upfront cost, they can lead to long term saving because of the amount of money you will save on your electricity bill yearly.

When is the right time to start planning for retirement?

There is no magic number to start planning but the simple answer is, the earlier you start, the more chance you have to achieve the retirement that you dream of having.

The reason for this is because of the compounding interest effect. Below are some simple graphs showing how powerful this effect can be.