Superannuation

Consolidating assets into your Self Managed Super Fund (SMSF)

There are obvious benefits to holding investment assets in superannuation rather than in your personal name.  A few of these can include: lower rates of taxation on both earnings and capital gains tax; protection of assets in the event of pursuit by creditors and providing a tax effective income stream leading up to and during [...]

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The Henry Tax Review – Superannuation

As you may have already heard, the Government’s Stronger, Fairer, Simpler: Tax Plan for our Future was released yesterday afternoon.   There has already been a lot of criticism over watering down of the recommendations given in the Henry Tax Review which the government has had many months to dissect and digest.   Given that there is [...]

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What is a Self Managed Super Fund?

What is a Self Managed Superannuation Fund (SMSF)? A SMSF is a small superannuation fund established for 1-4 people with the fund being controlled by trustees/directors who are also the members. Control is kept in the hands of the members, and the members decide how the fund will operate and what investments the fund will [...]

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Am I correct in understanding that I should not declare the superannuation contribution on my tax return?

I am self-employed. Am I correct in understanding that I should not declare the superannuation contribution anywhere on my tax return in order to be eligible for super co-contribution. I am located in AUSTRALIA. Related Posts Consolidating assets into your Self Managed Super Fund (SMSF) There are obvious benefits to holding investment assets in superannuation [...]

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Superannuation – Money Box Episode 6

In the sixth instalment of Money Box we cover, what exactly superannuation is, what happens to it once you pay it, the types of superannuation funds available and if you should move funds everytime you move jobs. Duration : 0:3:9 Related Posts Financial Planning – Inheritance and Savings Financial Planning Inheritance and Savings Financial Planning [...]

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