Marion Rae (Australian Associated Press) Payments are really just money stuck in a computer, so why not make it faster and more secure, pioneers of blockchain say. Digital boxes of ledgers could replace paper-based documents and save time and money for homebuyers, banks and lawyers trying to exchange on a deal during a pandemic, […]
Graeme Colley Executive Manager, SMSF Technical and Private Wealth (SuperConcepts) Many trustees and members of SMSFs are interested in the payment of death benefits if they or their spouse were to die. This usually revolves around who is eligible to receive the death benefits, the effectiveness of reversionary pensions, non-reversionary pensions and the different […]
It is important to start growing and actively managing your super as early as possible for your retirement. For most people, super begins when you start work and your employer starts paying super for you. If you’re a contractor or a temporary resident and are working in Australia, you may also be entitled to […]
(ATO) Consider the costs, time and skills You need to have the time and skills to manage your SMSF, and there are ongoing running costs. As a trustee of an SMSF you’ll be responsible for operating your fund within the law. If you don’t, you may face severe penalties and your fund may suffer tax […]
(ATO) If you set up a self-managed super fund (SMSF), you’re in charge – you make the investment decisions for the fund and you’re held responsible for complying with the super and tax laws. It’s a major financial decision and you need to have the time and skills to do it. There may be […]
Graeme Colley Executive Manager, SMSF Technical and Private Wealth (SuperConcepts) In the right hands, a self-managed superannuation fund (SMSF) can be a beneficial way to build wealth for retirement. Whilst they are not for everyone, it is important that when thinking of starting an SMSF, individuals need to understand the benefits and responsibilities they […]
Money & Life (Financial Planning Association of Australia) The Australian Securities and Investment Commission (ASIC) has released a report detailing …
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