Five Self-Managed Superannuation Mistakes to Avoid

There are several mistakes that are associated with the self-managed super fund and the main reason for this is because this is a tricky business that has a lot of traps. The trustees of the self-managed superannuation often find themselves in mistakes such as compliance. Do you know some of the biggest mistakes that SMSF is associated with? The aim of this article is to guide on some of the common mistakes associated with it. 1. Lending money to a fund member This is one of the mistakes that the trustees find themselves and sometimes this is something that they …

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Taxing times for self-managed super funds

There are many things that you should know about self-managed super funds before you decide to start doing this by yourself. One of these things that you should know is when it comes to taxes return. Then, you need to know exactly what you should do, so that you don’t get into serious trouble. These are some of the things that you should consider when you are doing this super fund by yourself. You need to make sure that you are ready for tax season The first thing that you should know is that you need to make sure that …

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Tips to Start a Retirement Fund

Whether you’re in your 20s, 30s, or even 40s, it is not too late or too early to start planning for your future. Setting up a retirement fund provides financial security that lets you live out your senior years in a stress free, enjoyable way. Let our guide help you overcome the scary early stages of setting up a retirement fund. Start Small Only saving a little won’t provide a substantial income, but starting small is the key to saving for retirement. Those who are financially stable should add the maximum amount allotted each year to their retirement fund. In …

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