There will never be the “right time” to determine how your assets and finances will be distributed after you die. Although a subject that often gets pushed aside for emotional or other trying reasons, it’s something that needs to be done. Planning your estate will...
The announcement of the mining tax being repealed after the government passed a deal with millionaire miner Clive Palmer’s Palmer United Party (PUP), will have a significant impact on the future of super contributions. As a result of this legislation, plans of a steady superannuation...
Since July 1 2014, new rules were laid out which relate to SMSF trustee penalties. The Australian Tax Office(ATO) has given the go ahead to impose big financial penalties to any SMSF trustee not adhering to the rules set forth. Should a trustee be unable...
Like a will, your SMSF Deed should be updated on a regular basis. All too often, trustees develop a deed, file it and never return to it again. In between personal life changes and new legislation, not updating an SMSF deed could result in some...
If you are an SMSF trustee, or thinking of becoming one, you may have heard of the term ‘Actuary Certificate’, but not understand what it is or why you may need one. What is an Actuary’s Certificate? This certificate is a statement which is provided to you...
Australian Treasurer Joe Hockey made some, albeit unsurprising, revelations on the ABC Q&A program earlier this week. On it, he was asked whether or not the government will access and make changes to the Super. He said at the time there were no talks in...