Top Performing Superannuation Funds in Australia – Guess who outperforms again over 1, 3 and 5 years Once again, following the start of a new financial year, we have been working hard behind the scenes to gather all of the data to compare the Top Performing Superannuation Fund Returns in Australia for the 30th of June…
Your self-managed super fund is a powerful investment tool, and a great way of saving for your retirement. But don’t forget that as trustee, with control comes responsibility. And that means it’s up to you to make sure your SMSF is complying with super and tax laws. 1. Give notice If you’re planning to claim…
If you’re thinking about taking out an insurance policy but not sure whether you can afford it, there’s some good news – your superannuation fund may be able to provide you with the cover you need. In fact, if you’re in your employer’s default fund you may already have some cover, as MySuper default funds…
Superannuation contributions can be divided into two types — concessional (before-tax) and non-concessional (after-tax). Each type of super contribution is subject to a contributions cap. A contributions cap sets a limit on the amount of contributions you can make in any one year. For the 2013/2014 year, there are 2 concessional contributions caps you need…
In recent times, we have had more clients enquire about an SMSF to purchase property and other investments An SMSF is not always appropriate, as there are additional ASIC/ATO responsibilities and costs. However, some of the potential benefits and issues of an SMSF include: • More flexible investment choices, including direct shares and real property…
Review of benefits available Assistance in completion of claim form Assistance with financial records required book necessary appointments with Doctor/s Fast track Doctors completion of medical history or report Submit documents on your behalf liaise with underwriters and claims staff Liaise with your Accountant confirming your financials Professional… Experienced… Caring Through our experience, we understand…
Government’s super and tax plans reforms. The Coalition Government has re-iterated its position on a range of previously announced super and tax issues, as part of the Mid-Year Economic and Fiscal Outlook (MYEFO). Key take-outs of interest include: • The next increase in the superannuation guarantee rate to 9.5% will be deferred for two…
Notifications of higher premiums of as much as 50% for cover through superannuation are being sent to members. From June 29, about 2 million AustralianSuper members will have to endure 40% higher death and total disability premiums and 25% increase on income protection cover. TAL Australia’s Jim Minto said the increase is a result of…
Effective 1 July 2013, superannuation guarantee contributions rate is set to increase 0.25% to 9.25%. This has to be paid on superannuable payments to employees on or before the said date even if the pay is for services rendered before July. The rates increase may: Affect a great number of employees who are seen to…
Legislative changes confuse 500,000 insured Australians using self-managed superannuation fund. Still, huge growth in SMSF retirement savings continues. Hence, TAL’s David Glen said clients and advisers must work together to determine what would provide best for life insurance needs: SMSF, retail superannuation or outside superannuation. Thorough knowledge on SMSF use in investment and tax…