The Federal Government would like us to work longer. The longer we work the less likely we are to claim our aged pension entitlements and the longer our superannuation will last.
contributions
Make the most of super strategies before 30 June 2021
In the world of superannuation, a few key changes have taken place over the past month that will impact superannuation strategies in the lead up to 30 June 2021 and beyond.
Is it possible to admit your child as a member to your SMSF?
Bob and Barbara have recently established an SMSF with a corporate trustee and want their 17-year-old son, Ben, to join their SMSF. Can Ben join?
What is the First Home Super Saver Scheme?
The First Home Super Saver Scheme (FHSSS) is intended to assist individuals entering the property market by allowing them to save on tax and receive higher earnings than if the money was invested in a bank account.
More options to contribute to your superannuation
Over the last 10 years, the ability of Australians to contribute more to superannuation has reduced. Superannuation is a great system which has led to Australia having the fourth largest pool of retirement savings in the world.
Four quick tips to maximise your superannuation
Australia now has the fourth largest pool of superannuation monies in the world topping just over $2.5 trillion dollars. Yet Australia ranks 53rd in the world for size of population. The pool of superannuation is more than what the entire Australian economy makes in one year.
Can a member still bring forward their non-concessional cap?
The introduction of the new $1.6M cap has changed the game for members wanting to make contributions in advance – so-called ‘bring forward’ contributions. The legislation not only introduces eligibility requirements, it also requires members to meet further criteria at the beginning of each year making up their bring forward period before being able to […]
Newsflash: Chaos reigns over contributions, says lawyer
Chaos and confusion reign about contributions to SMSFs, says Caroline Harley, an Associate at Townsends Business & Corporate Lawyers.