Superannuation

Why you need a SMSF expert accountant

The SMSF Association suggested that about 90 per cent of SMSF trustees have an accountant to do their tax returns and administration. Costs generally should be between about $2000 and $3500 a year, including the audit. If you’re paying more for your tax, you’re probably paying too much. Financial advice will be additional and in…
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How discount SMSF players are clipping the ticket

The self­ managed super fund industry is being undermined by low­ cost platform providers charging hefty commissions and enjoying cosy relationships with the banks, writes the Australian Financial Review’s James Frost. A new wave of entrepreneurs is keen to carve out a slice from Australia’s $550 billion self­managed superannuation market. John Woudstra Heavily discounted platforms…
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Pension changes will impact retirement adequacy

Impending changes to the aged pension asset test thresholds will have a significant impact on the number of couples able to achieve a comfortable retirement, according to new research from Willis Towers Watson (WTW). The joint research from WTW and The University of Melbourne explores how retirement income adequacy has progressed in Australia. It finds…
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Superannuation and your estate

The times in which we live allow individuals superannuation fund amounts to grow and as a result a significant percentage of the portfolio will pass through to beneficiaries upon death of the superannuation account holder. As, how do we make sure superannuation is effectively managed with the remaining Estate’s assets? Binding Death-Benefit Nominations (BDBN) are essentially…
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