Yesterday
How can my SMSF qualify as a ‘sophisticated’ investor?
Consumer protections are far greater for retail investment products than those sold to wholesale investors.
May
This is the No.1 misconception about the $3m super tax
Only a portion of earnings will be taxed at 15 per cent, which means tax bills will be lower than people think.
How much extra tax will I pay if my super balance is $3.1m?
An important consideration you will need to know is the imposition of the new Division 296 tax on individual superannuation balances, assuming it becomes law.
Help! I still don’t understand how all the super caps work
The super system features a range of limits designed to restrict tax advantages to levels parliament has deemed reasonable – and their interaction is complex.
April
Can I add proceeds of investment property sale to wife’s super?
Now is a good time of the year to consider topping up your retirement savings.
Can I get more age pension if I sell my investment property?
The government expects you to spend your own savings before becoming eligible for Centrelink support.
I’m 72 with $2.3m in super. How much more can I contribute?
There is a lifetime limit on the amount of super that can be transferred into your tax-free pension accounts.
March
I’m 71 with $253,000 in super. How can I boost my balance quickly?
Here’s how downsizers can immediately add $300,000 to their retirement savings.
Couples can do the ‘switcheroo’ to increase age pension payments
There are ways couples can rearrange their financial affairs to maximise their eligibility for Centrelink entitlements.
February
What if my accountant still uses spreadsheets to calculate tax?
There are many good software packages that can keep track of all the different tax aspects that may arise in an SMSF.
The low-fuss way to transfer super to a spouse
Converting to a corporate trustee shouldn’t disrupt death benefit nominations so long as the paperwork has been done correctly.
How quickly will my super fund pay me a lump sum?
There are no rules requiring super funds to make payments within a set timeframe.
January
What’s the right time to wind up an SMSF?
Sometimes the complexity of running a self-managed super fund outweighs the benefits.
Retirees warned not to switch off legacy pensions just yet
Wait for the government to enact a formal debt waiver so you don’t get asked to hand back age pension payments.
Why the Commonwealth Seniors Health Card is so sought-after
The card extends lower-cost health and medical services enjoyed by government age pensioners to self-funded retirees.
December 2024
What happens to our SMSF if we die together?
Self-managed super funds aren’t covered by wills, so special arrangements need to be in place for when the final member dies, or if the members die together.
I’m selling my business for $5m. How much can I put into super?
Special tax relief is available for small business owners who sell and contribute some of the proceeds to super.
What is a pension ‘bonus’ and should I switch super funds to get one?
You might receive an additional $2500 on a balance of $500,000 or $9500 on a balance of $1.9 million, but funds typically impose clawback conditions so be careful.
How to navigate the downsizer contribution rules for super
You can take advantage of the generous downsizer contribution provision from age 55 and there is no upper age limit, although the entitlement can only be used once.
November 2024
How do I make sense of all the different superannuation caps?
The transfer balance cap is $1.9 million but after you start drawing a pension, there is no limit on investment earnings.