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What can you tell your employees about super?

It’s a common question asked by employees: “what should I do about my super?” If you are an employer or manager and feel confident of your knowledge of superannuation and investment, it can be tempting to give an answer. However, just…
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Bushfires 2019–20

Devastating bushfires have impacted large parts of Australia since late 2019. If you live in one of the identified impacted postcodes, and don't want to think about tax, we've automatically deferred any lodgments or payments you…
https://www.superguide.com.au/smsfs/smsf-compliance-ato-hit-list

ATO warns self-managed superannuation funds on compliance

The tax office has warned the nation’s 600,000 self-managed super funds to comply with the law or face stiff penalties, revealing $20.5bn in assets in almost one sixth of SMSFs were officially “at risk”. Assistant Commissioner Dana…
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Superannuation tax offsets you may be able to use

Tax offsets (sometimes referred to as rebates) directly reduce the amount of tax payable on your taxable income. In general, offsets can reduce your tax payable to zero, but on their own they can't get you a refund. There are two superannuation-related…

Superannuation and new cars are very similar!

Superannuation can be one of the most baffling topics when it comes to managing our finances so let’s relate looking for the right fund to something that might be more enjoyable - buying a new car. What do you look for? SIZE AND SPEED The…
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What you need to know about the First Home Super Saver scheme

The First Home Super Saver (FHSS) scheme was introduced in the Federal Budget 2017-18, with an aim to reduce pressure on housing affordability. The scheme allows eligible taxpayers to save money for their first home inside the superannuation…
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Superannuation and retirement - How much is enough

How much is enough? How big is your nest egg? When it comes to super, size does count. Your employer's super contributions may not be enough if you want to be financially secure when you retire. Find out approximately how much money…
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An SMSF trustee duty not to be forgotten: The investment strategy

The majority of people who set up their own SMSF say that "control" is a big reason for doing it. There is flexibility and benefits in running your own superannuation fund, but it is also a big responsibility to make sure your fund grows and…

SMSF trustees: Operating expenses you can deduct

Operating expenses that are incurred by an SMSF are mostly deductible, however there can be exceptions to the extent that these relate to the gaining of non-assessable income (such as exempt current pension income) or are capital in nature. The following…
Election
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WHAT THE ELECTION OUTCOME MEANS FOR YOU...

The federal election is done and dusted, and the Coalition Government has been given another three years in power. How will this outcome affect Australians’ finances? What will change – and what won’t – when it comes to policies affecting people’s money? Can we expect any surprises?