What happens to super contributions when you’re over 65?
Is it true the rule that allows you to make three years worth of non-concessional super contributions in a single year does not apply after the age of 65?
Whose names should SMSF assets be in?
It is essential that assets in an SMSF are held in the names of all trustees of the fund, not just the beneficiaries.
How to retire after the GFC
The GFC has made retirement harder for many people – that’s assuming they can afford to retire at all. Three retirees share their tips for a fulfilling lifestyle.
How to transfer personal assets under the new super rules
Changes to rules on asset transfers could complicate life for SMSF trustees. However, with a little care, it may be possible to make a profit under the new regulations.
How to take money out of your super and claim the Newstart allowance
You should be aware that if you apply for the Newstart job seeker’s allowance, you are intending on work again and may therefore not be entitled to access your superannuation via a lump sum.
How to leave your spouse an income from your SMSF
It is possible to have a reversionary beneficiary in place – even if the trust deed does not specifically require it or is silent on what happens to the pension on death.
Beware of related party rules when DIY funds join forces
It’s important to calculate whether you have a ‘related trust’ under super legislation. For example If business partners commit money from their DIY super funds to a unit trust investing in equipment that it leases to the business at commercial rates.
Use the law to refund concessional super contributions
Legislation allows superannuation funds to pay back or refund certain ‘concessional’ contributions – but only on certain conditions.
How to store your super fund’s bullion
Trustees of an SMSF might feel that it’s wise to include some gold or silver bullion in their fund’s investment portfolio. We look at the best way to store this precious asset.
How to sell a property within an SMSF
Property can be an investment that trustees are reluctant to sell, especially if it has performed well for them. And owning a property in the pension phase introduces the risk of a substantial capital gains tax liability if it has to be sold to pay out a super death benefit.
Transition to retirement pensions and non-concessional contributions
Transition to retirement pensions limit annual pension payments to a maximum of 10 per cent of the account balance. Even better, it’s possible to put them back into your pension fund as tax-concessional contributions.
How women can rebuild their super
Superannuation provides a simple strategy for men but poses complications for women who juggle life-family-career challenges. We offer strategies to make up for lost time and build a decent nest egg.
A five-year plan to revitalise your super
Market volatility caused by the GFC has rocked the retirement plans of older workers, many of whom are still to recover from big losses. Our five-year plan gives you a shot at making your retirement rich, regardless of economic uncertainty.
How to make super contributions when you’re over 65
Government announcements, such as people over 70 being entitled in future to compulsory super contributions, mean it’s essential to be aware of key super rules where 65 is a milestone
How to set up an SMSF for your kids
Children under 18 can be members of a self-managed super fund but problems arise when it comes to them being a trustee.
How to qualify for Centrelink pensions with your pension
Even if you don’t yet qualify for the government pension, you should consider Centrelink issues now and plan how they can be managed.
How to reduce taxes on property received as a death benefit
An adult child may be liable for withholding tax, capital gains tax or stamp duty on a property received as a death benefit from their parent’s super fund.
How to offset gains from property sales with super
Salary sacrifice super contributions are not a form of magic that can obscure large capital gains. But there may be an alternative method.
