It's been one of those regulatory requirements that has been a low priority, if even understood by employer groups. From 1 July this year, large employer groups (defined by having more than 20 employees) were due to start remitting employer superannuation contributions to SMSFs using the Government’s "SuperStream Data and Payment Standard". It is all part of the Government’s Stronger Super... More Information ▶
This idea came from Fred, who’s 75 going on 25 by the way! A career entrepreneur, his passion and energy isn’t slowing any time soon! Neither too are his ideas for leaving his family well prepared for the future, especially his grandchildren. Fred spent his lifetime building businesses, which like many people has had its fair share of boom and... More Information ▶
Here’s the latest snapshot from the ATO (out quarterly) of what SMSF Trustees are doing with their money: 516,925 total number of SMSFs representing 986,441 trustees Controlling 31.5% of all Super assets (up from 10% just a decade ago) at over $531b Average fund balance over $1m As at Sept 13, 77% of all SMSF assets in direct Australian Shares... More Information ▶
Barbara was on a mission of her own, until the ATO slowed things down markedly for her. She had decided to use part of her superannuation assets to invest in a Private Company opportunity, and so had engaged Greenlight to set up an SMSF. All was on target until she received notice that her brand new SMSF would be one... More Information ▶
Divorce is the worst-case scenario for a marriage. Amongst the emotional, legal and financial turmoil – which is only compounded if there are kids or pets involved – it can be easy to forget about your super. If you are already within an SMSF, chances are your soon-to-be ex-partner is also a trustee. So what happens when retirement plans, like... More Information ▶
