Everyone knows that the SMSF is the most popular retirement investment in Australia. This is due to the fact that it offers extremely versatile and flexible investment options with almost no restrictions. Besides that, SMSF offers full control over fund assets and numerous investment options which is one of its greatest advantages. However, in order to successfully run an SMSF, you need a proper superannuation investment strategy. Knowing the ins and outs of the SMSF will definitely help you create a superannuation investment strategy that will work best for you and bring you benefits and other opportunities down the road. Unlike other investment funds, this fund requires you to have a strategy by law, which should be in compliance with the ATO (Australian Taxation Office) [&hellip
Superannuation funds
The SMSF is still an uncharted territory for many Australians. If you are one of them and want to start investing funds for your retirement, you’ve probably considered starting your own SMSF. However, you don’t have the necessary knowledge, you’re still hesitant and all the information about the fund is a bit overwhelming to take all at once. But worry not, there are companies that offer SMSF administrators that can guide you through the beginning of it all until you feel comfortable running it on your own. The great thing about hiring SMSF administrators is that they’re very flexible. You can decide how much of the work you want to leave to them, and how much you want to handle by yourself. In other words, [&hellip
In today’s modern society, it’s not very easy to find the right way to ensure your future incomes. Everyday, we can witness many situations where people lose everything they’ve earned throughout their entire life in just a few seconds, as a consequence of only one bad decision. No one wants to walk in their shoes, right? Often, we wonder about what kind of retirement plan one should concentrate on and when. Nowadays, the alternatives are various, and the risks are great, knowing that no one is immune to failure. That is why now would be the right time for you to take your future into consideration and start thinking of a retirement fund that suits you the most. The latest trend that is precisely tailored [&hellip
One of the benefits of running a self-managed super fund is the ability to have a great control over the tax position of the fund. However, in order to abide by all the rules and minimize the risk of breach you need to arm yourself with all the important information about your taxation obligations. First of all, you must be familiar with ATO – the official government regulator for SMSF which supervises the compliance of the fund with superannuation and taxation law. SMSF is taxed on the foreign credit and foreign divided, but can claim the foreign credit against any tax payable. This means that the fund will pay 15% SMSF tax rates which include: dividends, interest, managed fund distributions, concessional contributions, capital gains and [&hellip
The main purpose of setting up your own retirement fund is to invest and gain more. As we all know, SMSF is the perfect way to invest in your future since it offers great flexibility and ensures comfortable, secure and happy retirement. Investing in your own future and having the full control over it, will generate a better run than investing in other super fund. With the right approach, professional SMSF advice, planned investment strategy and management, you can improve the performance of your fund. Besides all this, the ideal way to boost your SMSF is to be constantly involved in the managing of the fund and decision making process. To find out more about how to boost the performance of your fund, take a [&hellip
If you thought that planning your retirement is just saving money on your account, you are wrong. Retirement plan includes tax planning, investment planning, determining how much money you will need, but in fact, retirement planning is financial planning for the period once you retire. Everyone should prepare his retirement plan wisely or consult with a financial planner. The unique type of super fund Australia offers to its citizens is a great way to be a trustee of your saving account for the retirement. To calculate an individual’s service retirement there are few factors considered: Service credit (years) + Benefit Factor (% per year, age) + Final Compensation ($) = Pension / Unmodified Allowence ($) A pension is a way to secure yourself money and [&hellip
The significance of superannuation plans seems to get lower and lower as people overlook this aspect of their long term career. There seem to be no time to stop and think about the future for a while. To be more specific, when it comes to superannuation planing , bigger part of the work force in the country are not fully aware of the options they have. Moreover, retirement planning is viewed as something that is normal for only experienced financial institutions to handle. What we don’t realize when we sign deals with these companies is that we give away the right to manage our own superannuation fund. That is exactly what the new self-managed superannuation funds in Australia offer. From financial investment to SMSF audit, [&hellip