Self Managed Superannuation Funds (SMSF) can be a great option for building retirement savings, but they may not be suitable for everyone. Before you make the jump, consider the differences between SMSFs and other types of funds to help you make an informed decision.
In light of Australia’s struggling economy, the Australian Taxation Office (ATO) has recently seen a significant increase in queries about compassionate release of super (CRS). So what exactly is CRS? And exactly how can it be used?
There have been a number of reforms introduced to protect an individual’s super savings from undue erosion by fees and unnecessary insurance. The ATO will also be able to consolidate unclaimed super into eligible active super accounts, including SMSF and small APRA funds
The government’s latest initiatives targeting non-compliance with superannuation guarantee obligations give businesses plenty to think about. With Single Touch Payroll on its way, all employers should take the time to review their arrangements for paying super
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