How do reportable employer super contributions (RESC) work?
As if employers don’t have enough to do, they also need to notify the ATO of any reportable employer super contributions they make for their employees.
Tax in SMSFs and regular super funds: How do they differ?
All super funds pay the same tax rate, but there are differences in the ability of SMSFs and large super funds to manage their tax liabilities for the benefit of members.
Getting financial advice? What your adviser needs to provide
When you see a financial adviser, there are rules covering the documents and information provided to ensure the advice you receive is in your best interests and you can make good decisions.
Countdown to retirement: Tips to help kickstart your retirement plans
Working out your retirement plan isn’t just about how much money you need. There are lots of other issues to consider when you’re planning life after work.
Creating effective salary sacrifice arrangements with your employees
A salary sacrifice arrangement with your employee needs to meet certain rules if you want to avoid problems with the ATO later on.
Are you paying your super contributions on time? Deadlines for employee contributions
When you make super contributions for your employees, ensure you pay by the deadline – or risk having to pay a penalty to the ATO.
What are the penalties for failing to meet employer super obligations?
Failing to report and pay your SG obligations can result in hefty penalties from the ATO, so ensure you meet your quarterly responsibilities.
Choosing a default fund for your employees
When you make SG contributions, some of your employees won’t have a super fund, so it will be up to you choose a default super fund for them.
Managing capital gains in your SMSF portfolio
Capital gains are an investment goal, but they leave you with a tax liability, so it’s worth checking some of the strategies for cutting your CGT bill.
Life insurance through super: A definitive guide
Holding death cover through your super fund can be a cost effective way to protect your family and financial dependents and to help pay off your debts if you die.
Employee or contractor for super purposes? How to tell the difference
Employers generally don’t pay super for contractors, but it’s tricky to work out how they differ from employees. Here’s some rules to help you understand the difference.
How to plan your spending through the 3 stages of retirement
Research shows your spending in retirement depends not just on how much you have in your nest egg, but also on the phases you go through as you age.
What are annuities, and how can they help in retirement?
For some people, annuities can be an easy way to convert some of your super into a guaranteed income stream to cover your basic expenses in retirement.
Tax returns in retirement: Do I need to lodge one?
Just because you’re retired doesn’t mean you can avoid dealing with the ATO. If you have an SMSF, or income other than a tax-free super pension, you still need to lodge a tax return.
The importance of the 10/30/60 Rule to your retirement income
The investment return on your super pension account is just as important as the returns you earn on your super while you are working, as this simple ‘rule of thumb’ demonstrates.
Choosing a super fund: Does size really matter?
Being with a big super fund can have advantages, but that doesn’t mean you should switch if your fund isn’t one of the giants increasingly dominating the industry.
What is the value of financial advice when it comes to your retirement?
When it comes to planning your retirement, good financial advice can provide valuable benefits – both for your finances and your emotional wellbeing.
How to choose an investment option for your super pension
Selecting the right investment option for your super pension has a big impact on how much money you can spend during your retirement years.
