What happens to my super when I die?
To avoid any unintended consequences, it is important that your nominations remain up-to-date and that you seek professional guidance to ensure you have the appropriate estate planning measures in place.
Have you reviewed your SMSF investment strategy?
Self-managed super funds (SMSFs) are required to prepare and implement an investment strategy to help meet their investment and retirement goals.
Super choice rule change
You’ll have an extra step to take if you have new employees who start from 1 November 2021 and they don’t choose a super fund.
Mortgage vs Super - What should you prioritise?
As with most financial decisions, there is not a one-size-fits-all approach – no two people are the same, so there’s no straight answer to this question.
Superannuation Guarantee Rate Changes
As announced in the 2021 Federal Government Budget an increase of the super guarantee rate is to take place on 1 July, 2021 from 9.5% to 10%.
New super guarantee amnesty
On 6 March 2020, the government introduced a superannuation guarantee ('SG') amnesty...
Super Lookup 'status' will change if SMSF annual returns are late
From 1 October 2019, if an SMSF is more than two weeks overdue on any annual return lodgment due date and hasn't requested a lodgment deferral, the ATO will change their status on Super Fund Lookup...
Super guarantee opt-out for high income earners now law
From 1 January 2020, eligible individuals with multiple employers can apply to opt out of receiving super guarantee...
$37 Million of Lost Super in Bundaberg
It has never been easier to find lost super! You might not even think it is lost, but if you moved and forgot to update your address on a super fund that an old employer had used, it might be considered lost from the super fund’s perspective. Maybe you’re happily letting a super account grow […]
Early release of super on compassionate grounds: ATO
From 1 July 2018, responsibility for the administration of the early release of superannuation benefits on compassionate grounds will be transferred from the Department of Human Services (DHS) to the ATO. Since the ATO is responsible for most of an individual’s interactions with the superannuation system, this change will enable the ATO to build on […]
What the super housing measures mean for SMSFs
The ATO has reminded members of SMSFs that they will be able to use their voluntary super contributions to assist with buying their first home, or to make a contribution into their super from the proceeds of the sale of their main residence (under changes passed by Parliament in December 2017). The First Home Super […]
No need to actually `downsize’ for ‘downsizer contributions’
From 1 July 2018, individuals aged 65 or over may use the proceeds from the sale of an eligible dwelling that was their main residence to make superannuation contributions (referred to as ‘downsizer contributions’), up to a maximum of $300,000 per person (i.e., up to $600,000 per couple), without having to satisfy the age or […]
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