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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3 Tips When Running An Australian Self-Managed Super Fund

  Many Australians are now choosing to control their self-managed super fund. The features of managing your account include greater control over your investment strategy; choice and variety of investment belongings and potential cost benefits – this can be rewarding both individually and financially. However, when you become an SMSF trustee, you undertake the administrative duties designed to make sure your account complies with the law. These responsibilities include planning an annual come back and audit, valuing the fund’s resources, record keeping, and withholding taxes. To be a self-managed super fund trustee, you must comply with the lowest requirements laid …

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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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What are the benefits of a self managed super fund (SMSF)?

A self managed super fund is a type of self managed superannuation fund. Superannuation is just a big word for a routine employee funded payment made into a future pension fund. It may also be called a company pension fund. What are the benefits of a self managed super fund? Give you investment control and greater investment flexibility Most of the self managed superannuation funds allow you to choose where your investment is going, to a point. You can pick between certain fixed interest and property through managed funds and shares, but usually with some restriction. With a self managed …

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Why Is A Self Managed Super Fund A Good Investment?

For thousands, they look into a self managed superannuation fund. These funds are certainly gaining momentum amongst millions and it’s quite easy to understand why that is. When you setup one of these self managed funds, you can contribute money on a regular basis and when you reach retirement age, can use it effectively. However, funds can also be used to invest with so that the funds can grow in size. Is a self managed super fund really a good investment and if so, why? There Is a World of Potential Investors and those who want to put a little …

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