Salary sacrifice vs personal contributions to super

If you are an employee, there are two ways in which you can optimise the tax-effectiveness of your additional super contributions: opt for a salary sacrifice arrangement, whereby your employer makes additional superannuation contributions…
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COVID-19 and SMSF rental relief

The Federal Government announced a six-month moratorium on evictions of commercial and residential tenants during the COVID-19 health pandemic. This moratorium (and its accompanying code of conduct leasing principles) will inevitably affect…

Has your super fund got you covered for insurance? With COVID-19, maybe not

From 1 July 2019, the government adopted new rules that aim to prevent the unnecessary erosion of people’s retirement savings through inappropriate insurance arrangements. As part of the rules, super providers, excluding SMSFs and small…

What to consider when withdrawing your super early

As the COVID-19 virus took a sledgehammer to the economy, the federal government rapidly introduced a range of initiatives to help individuals who lost income as a result of the measures taken to control the virus. One of those initiatives…

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…
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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…

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…